Genesis Energy director reports cash-settled phantom units
Genesis Energy LP director James E. Davison, Jr. reported the vesting of 3,555 phantom units on 01/02/2026.
Rhea-AI Filing Summary
Genesis Energy LP director James E. Davison, Jr. reported the vesting of 3,555 phantom units on 01/02/2026. The vesting is treated as an acquisition of 3,555 Common Units - Class A and a simultaneous disposition of those units back to the issuer, with the cash value based on the average closing price of the units for the 20 trading days before vesting, shown here at $15.74 per unit. Following these transactions, Davison directly beneficially owns 3,883,045 Common Units - Class A. He also reports additional indirect beneficial ownership through several family trusts, while disclaiming beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,555 shares exercised/converted
Exercise
8 txns
Insider
Davison James E. Jr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Units | 3,555 | $0.00 | $0.00 |
| Grant/Award | Phantom Units | 2,519 | $0.00 | $0.00 |
| Exercise | Common Units - Class A | 3,555 | $0.00 | $0.00 |
| Disposition | Common Units - Class A | 3,555 | $15.74 | $56K |
| holding | Common Units - Class A | -- | -- | -- |
| holding | Common Units - Class A | -- | -- | -- |
| holding | Common Units - Class A | -- | -- | -- |
| holding | Common Units - Class A | -- | -- | -- |
Holdings After Transaction:
Phantom Units — 16,879 contracts (Direct);
Common Units - Class A — 3,883,045 shares (Direct);
Common Units - Class A — 446,461 shares (Indirect, James Ellis Davison, III Trust);
Common Units - Class A — 446,462 shares (Indirect, Sarah Margaret Davison Trust);
Common Units - Class A — 446,460 shares (Indirect, William Charles Davison Trust);
Common Units - Class A — 187,856 shares (Indirect, James E. and Margaret A.B. Davison Special Trust)
Footnotes (6)
- 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. Due to the reporting person's relationship with the beneficiaries and trustees of the Sarah Margaret Davison Trust, the William Charles Davison Trust and the James Ellis Davison, III Trust (collectively, the "Trusts"), the reporting person could be deemed to have an indirect pecuniary interest in the Common Units Class A that are beneficially owned by the Trusts. All Common Units Class A owned by the Trusts are reported on these lines. The reporting person disclaims beneficial ownership of these Common Units Class A except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these Common Units Class A for purposes of Section 16 or for any other purpose.
- F4. These Common Units Class A are beneficially owned by the James E. and Margaret A.B. Davison Special Trust (the "Special Trust"). The reporting person could be deemed to have an indirect pecuniary interest in such Common Units Class A. All Common Units Class A owned by the Special Trust are reported on this line. The reporting person disclaims beneficial ownership of these Common Units Class A except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these Common Units Class A for purposes of Section 16 or for any other purpose.
- F5. 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.
- F6. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GEL report for James E. Davison, Jr.?
The filing reports the vesting of 3,555 phantom units on 01/02/2026, treated as an acquisition and simultaneous disposition of 3,555 Common Units - Class A to the issuer.
How many Genesis Energy (GEL) Common Units does James E. Davison, Jr. own directly after this transaction?
After the reported transactions, James E. Davison, Jr. directly beneficially owns 3,886,600 Common Units - Class A.
At what price were the GEL phantom units settled for James E. Davison, Jr.?
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 before vesting, reflected at $15.74 per unit for the 3,555-unit disposition.
What are GEL phantom units and how are they settled in this filing?
Phantom units are a form of equity-based compensation. In this case, they are paid in cash based on the average closing price of Common Units - Class A over the 20 trading days immediately before the vesting date.
Does James E. Davison, Jr. report indirect ownership of GEL units through trusts?
Yes. He reports indirect beneficial ownership of Common Units - Class A held by several family trusts and a special trust, while disclaiming beneficial ownership except to the extent of his pecuniary interest.
Did GEL grant new phantom units to James E. Davison, Jr. in this transaction?
Yes. The report shows an award of 2,519 phantom units on 01/02/2026, with a scheduled vesting and payment based on the average closing price of Common Units - Class A for the 20 trading days prior to that future vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
