Genesis Energy (NYSE: GEL) shifts 1,527,239 units to direct holding
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Davison James E. Jr.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Units - Class A | 1,527,239 | $0.00 | -- |
Holdings After Transaction:
Common Units - Class A — 5,410,284 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Units reclassified: 1,527,239 Common Units - Class A
Direct holdings after transaction: 5,410,284 Common Units - Class A
Transaction classification: Other acquisition or disposition (Code J)
+1 more
4 metrics
Units reclassified
1,527,239 Common Units - Class A
Withdrawn from trusts and received directly on May 21, 2026
Direct holdings after transaction
5,410,284 Common Units - Class A
Directly beneficially owned by James E. Davison Jr. after restructuring
Transaction classification
Other acquisition or disposition (Code J)
Non-derivative transaction reported on Form 4
Restructuring shares
1,527,239 units
Counted as restructuring shares in transaction summary
Key Terms
Common Units - Class A, indirectly beneficially owned, beneficially owns directly, Other acquisition or disposition, +1 more
5 terms
Common Units - Class A financial
"withdrew 1,527,239 Common Units - Class A from (a) the Sarah Margaret Davison Trust"
indirectly beneficially owned financial
"resulted in a decrease in the number of Common Units - Class A the reporting person previously reported as having indirectly beneficially owned"
beneficially owns directly financial
"and a corresponding increase in the number of Common Units - Class A the reporting person beneficially owns directly"
Other acquisition or disposition regulatory
"transaction_code_description: "Other acquisition or disposition""
FAQ
What insider transaction did GEL director James E. Davison Jr. report?
James E. Davison Jr. reported an internal restructuring of ownership. He withdrew 1,527,239 Common Units - Class A from family-related trusts and received them directly, while contributing cash and other property of equal value back to those trusts.
Did the GEL insider Form 4 report a buy or sell of units?
The Form 4 did not report a market buy or sell. It disclosed an “other acquisition or disposition” where units were moved from indirect trust ownership to direct ownership in exchange for cash and other property of equal value.
How many Genesis Energy units were reclassified in this GEL Form 4?
A total of 1,527,239 Common Units - Class A were reclassified. These units were withdrawn from several family-related trusts and became directly owned by James E. Davison Jr. following the restructuring transaction on May 21, 2026.
What are James E. Davison Jr.’s direct GEL holdings after the transaction?
After the restructuring, James E. Davison Jr. directly holds 5,410,284 Common Units - Class A. This reflects the shift of 1,527,239 units from indirect beneficial ownership through trusts into his direct ownership position.
How were the trusts compensated for the GEL units withdrawn?
The trusts received cash and other property of equal value. In exchange for transferring 1,527,239 Common Units - Class A to James E. Davison Jr., the trusts were compensated with assets matching the units’ value, keeping economic interests balanced among parties.