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Genesis Energy (NYSE: GEL) director reports phantom unit exercise and new grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

GENESIS ENERGY LP director Albert Conrad P reported compensation-related transactions involving phantom units tied to Common Units - Class A. On April 1, 2026, he exercised 2,491 phantom units, receiving an equivalent number of common units, and those common units were simultaneously disposed of to the issuer for $17.88 per unit, with the phantom units paid in cash based on the 20‑day average price. He also received a new grant of 2,393 phantom units scheduled to vest on April 1, 2027, which will be cash‑settled and accrue quarterly distribution equivalent rights over the vesting period. Following these transactions, he directly holds 15,000 Common Units - Class A and 9,824 phantom units.

Positive

  • None.

Negative

  • None.
Insider ALBERT CONRAD P
Role Director
Type Security Shares Price Value
Exercise Phantom Units 2,491 $0.00 --
Grant/Award Phantom Units 2,393 $0.00 --
Exercise Common Units - Class A 2,491 $0.00 --
Disposition Common Units - Class A 2,491 $17.88 $45K
Holdings After Transaction: Phantom Units — 7,431 shares (Direct); Common Units - Class A — 17,491 shares (Direct)
Footnotes (1)
  1. 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. 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. 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. 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.
Phantom units exercised 2,491 units Exercise of phantom units into Common Units - Class A on April 1, 2026
Common units disposed to issuer 2,491 units at $17.88 Disposition of Common Units - Class A to issuer on April 1, 2026
New phantom unit grant 2,393 units Grant vesting on April 1, 2027 with cash settlement
Common units held after transactions 15,000 units Directly held Common Units - Class A following April 1, 2026 transactions
Phantom units held after transactions 9,824 units Total phantom units held after exercise and new grant
Phantom Units financial
"The payment of the phantom units in cash is deemed to be a disposition"
Phantom units are a form of employee compensation that mimics ownership in a company without issuing real shares: recipients receive cash or stock value tied to the company’s share price or performance when the units vest. They matter to investors because phantom units align employee incentives with shareholder value while avoiding share dilution; however, they create future cash obligations and can affect a company’s financial statements and cash flow.
Common Units - Class A financial
"underlying Common Units - Class A and a simultaneous disposition"
distribution equivalent rights financial
"Award includes tandem distribution equivalent rights pursuant to which the quarterly distributions"
disposition to issuer financial
"a simultaneous disposition of the underlying Common Units - Class A to the issuer"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
ALBERT CONRAD P
(Last)(First)(Middle)
811 LOUISIANA, SUITE 1200
(Street)
HOUSTON TEXAS 77002
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
GENESIS ENERGY LP [ GEL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Units - Class A(1)04/01/2026M2,491(1)A(2)17,491D
Common Units - Class A(1)04/01/2026D2,491(1)D$17.88(2)15,000D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Units(2)04/01/2026M2,49104/01/202604/01/2026Common Units - Class A2,491(2)7,431D
Phantom Units(3)(4)04/01/2026A2,39304/01/202704/01/2027Common Units - Class A2,393(3)(4)9,824D
Explanation of Responses:
1. 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.
2. 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.
3. 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.
4. 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.
Remarks:
Conrad P. Albert04/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did GEL director Albert Conrad P report on April 1, 2026?

Director Albert Conrad P exercised 2,491 phantom units into an equal number of Common Units - Class A, then those units were disposed of to Genesis Energy LP at $17.88 per unit. He also received a new grant of 2,393 phantom units as part of his compensation.

How many Genesis Energy (GEL) common units does Albert Conrad P hold after these Form 4 transactions?

After the reported transactions, Albert Conrad P directly holds 15,000 Common Units - Class A of Genesis Energy LP. This figure reflects his position following the exercise of phantom units and the related disposition of common units back to the issuer.

What are the details of the new phantom unit grant to the GEL director?

The director received a grant of 2,393 phantom units linked to Common Units - Class A, vesting on April 1, 2027. These phantom units will be paid in cash based on the 20‑day average closing price before vesting and accrue quarterly distribution equivalent rights.

How were the exercised phantom units for GEL’s director settled financially?

Upon vesting, 2,491 phantom units were paid in cash using the average closing price of Common Units - Class A over the 20 trading days before vesting. This payment is treated as disposition of phantom units and acquisition, then disposition, of the corresponding common units to the issuer.

What are distribution equivalent rights attached to GEL phantom unit awards?

The phantom unit award includes tandem distribution equivalent rights, meaning quarterly distributions paid on each Common Unit - Class A are accrued over the vesting period. These accrued amounts are then paid quarterly to the holder alongside the phantom unit compensation structure.

How many phantom units does the GEL director hold after these compensation transactions?

Following the exercise of 2,491 phantom units and the grant of 2,393 new phantom units, the director holds a total of 9,824 phantom units. These units are cash‑settled and tied to the value and distributions of Common Units - Class A.