[Form 4] GENESIS ENERGY LP Insider Trading Activity

Rhea-AI Filing Summary

Insider transaction summary for GENESIS ENERGY LP (GEL): Director Jack T. Taylor reported transactions on 10/01/2025 involving phantom unit awards and Common Units - Class A. A tranche of 2,917 phantom units vested and were treated as a disposition: the vesting was deemed an acquisition of 2,917 underlying Common Units followed by a simultaneous disposition of those units to the issuer for cash based on the 20-day average closing price prior to vesting. The Form 4 shows a reported disposal price of $16.53 per unit for 2,917 units. After these transactions, the reporting person beneficially owned 32,865 Common Units - Class A. Additionally, 2,609 phantom units were granted on 10/01/2025 with a 10/01/2026 vesting date and include accrued distribution-equivalent rights to be paid quarterly.

Positive

• Reporting person retains meaningful equity stake with 32,865 Common Units - Class A after transactions
• New phantom award granted (2,609 units) with distribution-equivalent rights, maintaining incentive alignment with unitholders

Negative

• Cash settlement of vested phantom units resulted in a reported disposition of 2,917 units at $16.53 per unit

Insights

Corporate Governance Expert

TL;DR Routine equity-compensation vesting with a cash settlement; maintains meaningful ownership post-transaction.

This filing documents a standard compensation settlement: vested phantom units were cashed out using the 20-day average closing price and the director completed a corresponding deemed acquisition and immediate disposition to the issuer. Such mechanics are common in partnership unit plans to settle awards in cash rather than issuing additional equity. The director still holds 32,865 Common Units - Class A after the transactions, preserving continued alignment with unitholders. The new phantom award of 2,609 units vests in one year and carries tandem distribution-equivalent accruals, indicating ongoing incentive alignment.

Securities Analyst

TL;DR Transaction appears routine and non-material to the capital structure; no new debt or extraordinary issuance.

The Form 4 shows a cash-settled vesting event for 2,917 phantom units with the reported cash-out price of $16.53 per unit. The filing does not indicate open-market purchases or sales to third parties; the disposition was to the issuer under the award plan. Outstanding beneficial ownership remains disclosed at 32,865 units, and a new award of 2,609 phantom units was granted with a 10/01/2026 vesting date. For investors, this is a disclosure of executive remuneration activity rather than a signal of strategic change.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Taylor Jack T

(Last) (First) (Middle)

811 LOUISIANA, SUITE 1200

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)	10/01/2025		M		2,917(1)	A	(2)	35,782	D
Common Units - Class A(1)	10/01/2025		D		2,917(1)	D	$16.53(2)	32,865	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)	10/01/2025		M			2,917	10/01/2025	10/01/2025	Common Units - Class A	2,917	(2)	8,638	D
Phantom Units	(3)(4)	10/01/2025		A		2,609		10/01/2026	10/01/2026	Common Units - Class A	2,609	(3)(4)	11,247	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:

	Jack T. Taylor	10/02/2025
	** 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.

FAQ

What did GEL director Jack T. Taylor report on Form 4?

The Form 4 reports vesting and cash settlement of 2,917 phantom units on 10/01/2025 and a contemporaneous deemed disposition of the underlying Common Units - Class A at a reported price of $16.53 per unit.

How many Common Units does the reporting person own after the transaction?

The Form 4 lists beneficial ownership of 32,865 Common Units - Class A following the reported transactions.

Were any new awards granted to the insider?

Yes. The filing shows a grant of 2,609 phantom units on 10/01/2025 that vest on 10/01/2026 and include tandem distribution-equivalent accruals paid quarterly.

How was the cash payout price determined for the vested phantom units?

The filing states payouts were based on the average closing price for the 20 trading days immediately prior to the vesting date.

Does this Form 4 indicate any open-market sale by the reporting person?

No. The disposition was a cash settlement to the issuer as described in the filing, not an open-market sale to third parties.