Genesis Energy director settles 2,533 award units

The award's tandem distribution equivalent rights accrue the partnership's quarterly distributions on each Common Unit - Class A during vesting, with payments made quarterly.

Rhea-AI Filing Summary

Genesis Energy LP director Conrad P. Albert reported vesting of 2,533 Phantom Units on October 1, 2026. The units were paid in cash based on the average closing price of Common Units - Class A for the 20 trading days immediately before vesting. The cash payment was deemed a disposition of the phantom units in exchange for acquisition of 2,533 Common Units - Class A and their simultaneous disposition to the issuer at $15.08 per unit. Albert also received 3,061 Phantom Units, payable in cash at vesting based on the average closing price for the 20 trading days before vesting.

Insider Trade Summary

2,533 shares exercised/converted

Exercise 4 txns

Insider ALBERT CONRAD P

Role Director

Type	Security	Shares	Price	Value
Exercise	Phantom Units F2	2,533	--	--
Grant/Award	Phantom Units F3, F4	3,061	--	--
Exercise	Common Units - Class A F1, F2	2,533	--	--
Disposition	Common Units - Class A F1, F2	2,533	$15.08	$38K

Holdings After Transaction: Phantom Units — 18,595 contracts (Direct); Common Units - Class A — 15,000 shares (Direct)

Footnotes (4)

1. 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.
2. 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.
3. 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.
4. 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

Phantom Units vested: 2,533 Phantom Units Common Units - Class A acquired: 2,533 Common Units - Class A Common Units - Class A disposed to issuer: 2,533 Common Units - Class A +3 more

6 metrics

Phantom Units vested 2,533 Phantom Units Vesting on October 1, 2026

Common Units - Class A acquired 2,533 Common Units - Class A Acquired in the cash settlement on October 1, 2026

Common Units - Class A disposed to issuer 2,533 Common Units - Class A Disposed to the issuer on October 1, 2026

Disposition price $15.08 per Common Unit - Class A Disposition to the issuer on October 1, 2026

Phantom Units awarded 3,061 Phantom Units Awarded on October 1, 2026

Average closing price reference period 20 trading days Immediately before vesting

Key Terms

Phantom Units, tandem distribution equivalent rights, average closing price

3 terms

Phantom Units financial

"The payment of the phantom units in cash"

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.

tandem distribution equivalent rights financial

"Award includes tandem distribution equivalent rights"

average closing price financial

"based on the average closing price of the Common Units - Class A"

The average closing price is the arithmetic mean of a security’s end-of-day prices over a chosen period, found by adding each day’s closing price and dividing by the number of days. It smooths out daily ups and downs to show a typical market value—like averaging daily temperatures to understand a month’s climate—and helps investors spot trends, judge whether a stock is generally rising or falling, and make clearer buy or sell decisions.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many GEL Phantom Units did director Conrad P. Albert vest?

On October 1, 2026, 2,533 Phantom Units vested and were paid in cash using the average closing price of Common Units - Class A for the 20 trading days immediately before vesting. The payment was deemed an acquisition of 2,533 Common Units - Class A followed by their disposition to the issuer at $15.08 per unit.

What distribution rights accompanied Conrad P. Albert's new GEL award?

The award's tandem distribution equivalent rights accrue the partnership's quarterly distributions on each Common Unit - Class A over the vesting period, with those amounts paid quarterly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/02/2026 - 12:22 PM Accepted by SEC EDGAR 10/02/2026 - 12:21 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Units - Class A(1)	10/01/2026		M		2,533(1)	A	(2)	17,533	D
Common Units - Class A(1)	10/01/2026		D		2,533(1)	D	$15.08(2)	15,000	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Units	(2)	10/01/2026		M			2,533	10/01/2026	10/01/2026	Common Units - Class A	2,533	(2)	7,767	D
Phantom Units	(3)(4)	10/01/2026		A		3,061		10/01/2027	10/01/2027	Common Units - Class A	3,061	(3)(4)	10,828	D

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. Albert	10/02/2026
	** Signature of Reporting Person	Date
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)