Genesis Energy director receives 3,152-unit cash award
The separate 3,152-Phantom-Unit award also carries cash-settlement terms tied to a 20-trading-day average and quarterly distribution equivalents.
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Rhea-AI Filing Summary
Genesis Energy LP director Jack T. Taylor reported a cash settlement of 2,609 Phantom Units on October 1, 2026. The payment was deemed a disposition of the Phantom Units in exchange for acquisition of 2,609 Common Units - Class A and their simultaneous disposition to the issuer at $15.08 per unit. Taylor also received an award of 3,152 Phantom Units, payable in cash based on the average closing price for the 20 trading days immediately before vesting. The award includes distribution equivalent rights that accrue over the vesting period and are paid quarterly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Units F2 | 2,609 | -- | -- |
| Grant/Award | Phantom Units F3, F4 | 3,152 | -- | -- |
| Exercise | Common Units - Class A F1, F2 | 2,609 | -- | -- |
| Disposition | Common Units - Class A F1, F2 | 2,609 | $15.08 | $39K |
Footnotes (4)
- F1. The payment of the phantom units in cash is deemed to be a disposition of the phantom units in exchange for the acquisition of the underlying Common Units - Class A and a simultaneous disposition of the underlying Common Units - Class A to the issuer.
- F2. Upon vesting, the phantom units were paid in cash based on the average closing price of the Common Units - Class A for the 20 trading days immediately prior to the date of vesting.
- F3. The phantom units will be paid in cash based on the average closing price of the Common Units - Class A for the 20 trading days immediately prior to the vesting date.
- F4. Award includes tandem distribution equivalent rights pursuant to which the quarterly distributions paid by the partnership on each Common Unit - Class A will be accrued over the vesting period and paid quarterly.
Key Figures
Key Terms
Phantom Units financial
tandem distribution equivalent rights financial
vesting period financial
FAQ
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How many GEL units were involved in Jack T. Taylor’s October 1, 2026 phantom-unit settlement?
What distribution rights came with Jack T. Taylor’s GEL Phantom Unit award?
AI-generated analysis. How Rhea-AI works. Not financial advice.