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Genesis Energy (GEL) director updates phantom and common unit holdings

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

Rhea-AI Filing Summary

Genesis Energy LP director Jack T. Taylor reported routine compensation-related transactions involving phantom units and Common Units - Class A. He exercised 2,570 phantom units into 2,570 Common Units - Class A, which were simultaneously surrendered to the issuer for cash at $17.88 per unit. These vested phantom units were paid in cash based on the average closing price over the 20 trading days before vesting. Taylor also received a new grant of 2,464 phantom units tied to Common Units - Class A that will vest on April 1, 2027 and be settled in cash using a similar 20‑day average pricing formula, with distribution equivalent rights accruing quarterly. Following these transactions, he directly holds 32,865 Common Units - Class A and 10,125 phantom units.

Positive

  • None.

Negative

  • None.
Insider Taylor Jack T
Role Director
Type Security Shares Price Value
Exercise Phantom Units 2,570 $0.00 $0.00
Grant/Award Phantom Units 2,464 $0.00 $0.00
Exercise Common Units - Class A 2,570 $0.00 $0.00
Disposition Common Units - Class A 2,570 $17.88 $46K
Holdings After Transaction: Phantom Units — 17,786 shares (Direct); Common Units - Class A — 32,865 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.
Phantom units exercised 2,570 units Converted into 2,570 Common Units - Class A on April 1, 2026
Disposition price $17.88 per unit Common Units - Class A surrendered to issuer at $17.88
New phantom unit grant 2,464 units Award of phantom units vesting April 1, 2027
Common Units held after 32,865 units Direct Common Units - Class A following transactions
Phantom units held after 10,125 units Total phantom units after grant and exercise
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"

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transactions did GEL director Jack T. Taylor report on this Form 4?
Jack T. Taylor reported exercising 2,570 phantom units into 2,570 Common Units - Class A and simultaneously surrendering those units to Genesis Energy LP for cash at $17.88 per unit, plus receiving a new grant of 2,464 phantom units as compensation.

How were Jack T. Taylor’s GEL phantom units settled and priced?
The vested phantom units were settled in cash, not stock. The cash amount was based on the average closing price of Genesis Energy LP Common Units - Class A over the 20 trading days immediately before vesting, effectively converting the phantom units into a cash payment.

What is the new phantom unit award reported for GEL on this Form 4?
Taylor received a new award of 2,464 phantom units tied to Genesis Energy LP Common Units - Class A. These units will vest on April 1, 2027 and be paid in cash using the 20‑day average closing price before vesting, with distribution equivalents accruing quarterly.

What are Taylor’s holdings in Genesis Energy LP after these Form 4 transactions?
After the reported transactions, Taylor directly holds 32,865 Genesis Energy LP Common Units - Class A and 10,125 phantom units. The phantom unit balance includes the new 2,464‑unit award scheduled to vest in 2027, reflecting his ongoing equity-linked compensation exposure.

What does ‘distribution equivalent rights’ mean in GEL’s phantom unit award?
The award includes tandem distribution equivalent rights, meaning cash amounts equal to quarterly distributions on each Common Unit - Class A are accrued over the vesting period and paid quarterly. This lets phantom unit holders economically mirror partnership distributions while the award is unvested.
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*
Taylor Jack T
(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)04/01/2026M2,570(1)A(2)35,435D
Common Units - Class A(1)04/01/2026D2,570(1)D$17.88(2)32,865D
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)04/01/2026M2,57004/01/202604/01/2026Common Units2,570(2)7,661D
Phantom Units(3)(4)04/01/2026A2,46404/01/202704/01/2027Common Units - Class A2,464(3)(4)10,125D
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. Taylor04/02/2026
** 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