Genesis Energy director settles 2,685 units in cash

Q: How many GEL Phantom Units were settled in cash?

Kenneth M. Jastrow II's 2,685 Phantom 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 payment was treated as an exchange for 2,685 underlying units and a simultaneous disposition of those units to the issuer at $15.08 per unit.

Q: What terms apply to Kenneth M. Jastrow II's new GEL phantom-unit award?

Kenneth M. Jastrow II received an award of 3,244 Phantom Units with tandem distribution equivalent rights. Quarterly distributions on each Common Unit - Class A accrue over the vesting period and are paid quarterly.

The reported cash settlement used a 20-trading-day average-price basis, while the separate award carries quarterly distribution-equivalent rights.

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Form Type

Rhea-AI Filing Summary

Genesis Energy LP (GEL) director Kenneth M. Jastrow II reported a cash settlement of 2,685 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 settlement was treated as an exchange for 2,685 Common Units - Class A followed by their disposition to the issuer at $15.08 per unit. Jastrow also received 3,244 Phantom Units with tandem distribution equivalent rights: quarterly distributions accrue over the vesting period and are paid quarterly. No Rule 10b5-1 plan was reported.

Insider Trade Summary

2,685 shares exercised/converted

Exercise 4 txns

Insider JASTROW KENNETH M II

Role Director

Type	Security	Shares	Price	Value
Exercise	Phantom Units ^F2	2,685	--	--
Grant/Award	Phantom Units ^{F3, F4}	3,244	--	--
Exercise	Common Units - Class A ^{F1, F2}	2,685	--	--
Disposition	Common Units - Class A ^{F1, F2}	2,685	$15.08	$40K

Holdings After Transaction: Phantom Units — 20,212 contracts (Direct); Common Units - Class A — 150,000 shares (Direct)

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

Phantom Units Paid in Cash: 2,685 Phantom Units Common Units - Class A Acquired: 2,685 units Common Units - Class A Disposed to Issuer: 2,685 units +3 more

6 metrics

Phantom Units Paid in Cash 2,685 Phantom Units Cash settlement on October 1, 2026

Common Units - Class A Acquired 2,685 units Acquired in the deemed exchange on October 1, 2026

Common Units - Class A Disposed to Issuer 2,685 units Disposition on October 1, 2026

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

Phantom Units Awarded 3,244 Phantom Units Award reported on October 1, 2026

Average Closing Price Period 20 trading days Period immediately before vesting used to determine the cash payment

Key Terms

Phantom Units, tandem distribution equivalent rights, vesting period

3 terms

Phantom Units financial

"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"

vesting period financial

"accrued over the vesting period"

A vesting period is the set amount of time someone must wait before they fully own granted shares, stock options, or other equity tied to their work or an agreement; ownership increases gradually or in steps during that time. Investors care because vesting determines when insiders or employees can sell shares, which affects future supply of stock, company incentives and executive retention—think of it like unlocking ownership over installments rather than receiving it all at once.

FAQ

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

How many GEL Phantom Units were settled in cash?

Kenneth M. Jastrow II's 2,685 Phantom 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 payment was treated as an exchange for 2,685 underlying units and a simultaneous disposition of those units to the issuer at $15.08 per unit.

What terms apply to Kenneth M. Jastrow II's new GEL phantom-unit award?

Kenneth M. Jastrow II received an award of 3,244 Phantom Units with tandem distribution equivalent rights. Quarterly distributions on each Common Unit - Class A accrue over the vesting period and are paid quarterly.

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

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Available on EDGAR 10/02/2026 - 12:21 PM Accepted by SEC EDGAR 10/02/2026 - 12:21 PM

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^*

JASTROW KENNETH M II

(Last)

(First)

(Middle)

6300 BEE CAVE ROAD

BUILDING ONE, 6TH FLOOR

(Street)

AUSTIN

TEXAS

78746

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Units - Class A⁽¹⁾	10/01/2026		M		2,685⁽¹⁾	A	⁽²⁾	152,685	D
Common Units - Class A⁽¹⁾	10/01/2026		D		2,685⁽¹⁾	D	$15.08⁽²⁾	150,000	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Units	⁽²⁾	10/01/2026		M			2,685	10/01/2026	10/01/2026	Common Units - Class A	2,685	⁽²⁾	8,484	D
Phantom Units	⁽³⁾⁽⁴⁾	10/01/2026		A		3,244		10/01/2027	10/01/2027	Common Units - Class A	3,244	⁽³⁾⁽⁴⁾	11,728	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:

	Kenneth M. Jastrow II	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)

Source: View Original Filing on SEC EDGAR