Genesis Energy director restructures 1,527,239 units
Genesis Energy LP director James E. Davison Jr. reported an internal ownership restructuring involving 1,527,239 Common Units - Class A on May 21, 2026.
Rhea-AI Filing Summary
Genesis Energy LP director James E. Davison Jr. reported an internal ownership restructuring involving 1,527,239 Common Units - Class A on May 21, 2026. He withdrew these units from several family-related trusts in exchange for cash and other property of equal value contributed to the trusts.
The change shifted his interest from indirect to direct ownership, resulting in 5,410,284 Common Units - Class A held directly after the transaction. This was a non-market, non-cash transaction with the public and did not involve an open-market buy or sell of units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Units - Class A | 1,527,239 | $0.00 | $0.00 |
Footnotes (1)
- F1. On May 21, 2026, the reporting person withdrew 1,527,239 Common Units - Class A from (a) the Sarah Margaret Davison Trust, the William Charles Davison Trust and the James Ellis Davison, III Trust (collectively, the 'Trusts') and (b) the James E. and Margaret A.B. Davison Special Trust (the 'Special Trust'). In exchange for the Common Units - Class A, the reporting person contributed to the trusts cash and other property of equal value. The withdrawal of Common Units - Class A from the trusts resulted in a decrease in the number of Common Units - Class A the reporting person previously reported as having indirectly beneficially owned and a corresponding increase in the number of Common Units - Class A the reporting person beneficially owns directly.
Key Figures
Key Terms
Common Units - Class A financial
indirectly beneficially owned financial
beneficially owns directly financial
Other acquisition or disposition regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GEL director James E. Davison Jr. report?
Did the GEL insider Form 4 report a buy or sell of units?
How many Genesis Energy units were reclassified in this GEL Form 4?
What are James E. Davison Jr.’s direct GEL holdings after the transaction?
How were the trusts compensated for the GEL units withdrawn?
AI-generated analysis. How Rhea-AI works. Not financial advice.