Genesis Energy (GEL) director reports phantom unit vesting, grant and deemed unit moves

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Genesis Energy LP director Albert Conrad P reported compensation-related changes in his holdings of Common Units - Class A and phantom units on July 1, 2026. A block of 2,500 phantom units vested and was paid in cash, which is treated as an acquisition of 2,500 common units and a simultaneous disposition of those units back to the issuer at $14.77 per unit.

On the same date, he received a new award of 2,976 phantom units that will be paid in cash based on the average closing price over the 20 trading days before vesting and includes distribution equivalent rights that accrue quarterly distributions. Following these transactions, he directly holds 17,500 Common Units - Class A and 7,324 phantom units, reflecting routine equity-based compensation activity rather than open-market buying or selling.

Insider Trade Summary

2,500 shares exercised/converted

Mixed 4 txns

Insider ALBERT CONRAD P

Role null

Type	Security	Shares	Price	Value
Exercise	Phantom Units	2,500	$0.00	--
Grant/Award	Phantom Units	2,976	$0.00	--
Exercise	Common Units - Class A	2,500	$0.00	--
Disposition	Common Units - Class A	2,500	$14.77	$37K

Holdings After Transaction: Phantom Units — 7,324 shares (Direct, null); Common Units - Class A — 17,500 shares (Direct, null)

Footnotes (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.

Key Figures

Phantom units vested: 2,500 units Deemed disposition price: $14.77 per unit New phantom unit grant: 2,976 units +2 more

5 metrics

Phantom units vested 2,500 units Vested and paid in cash on July 1, 2026

Deemed disposition price $14.77 per unit Common Units - Class A to issuer on July 1, 2026

New phantom unit grant 2,976 units Award with distribution equivalent rights

Common units held after 17,500 units Direct Common Units - Class A after transactions

Phantom units outstanding after 7,324 units Derivative phantom units remaining after exercise

Key Terms

Phantom Units, distribution equivalent rights, Common Units - Class A, derivative security

4 terms

Phantom Units financial

"The phantom units will be paid in cash based on the average closing price..."

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.

distribution equivalent rights financial

"Award includes tandem distribution equivalent rights pursuant to which the quarterly distributions..."

Common Units - Class A financial

"The payment of the phantom units in cash is deemed to be a disposition... of the underlying Common Units - Class A"

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 05:31 PM Accepted by SEC EDGAR 07/02/2026 - 05:30 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^*

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)
07/01/2026

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⁾	07/01/2026		M		2,500⁽¹⁾	A	⁽²⁾	17,500	D
Common Units - Class A⁽¹⁾	07/01/2026		D		2,500⁽¹⁾	D	$14.77⁽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)
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⁾	07/01/2026		M			2,500	07/01/2026	07/01/2026	Common Units - Class A	2,500	⁽²⁾	7,324	D
Phantom Units	⁽³⁾⁽⁴⁾	07/01/2026		A		2,976		07/01/2027	07/01/2027	Common Units - Class A	2,976	⁽³⁾⁽⁴⁾	10,300	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	07/02/2026
	** 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

FAQ

What insider transactions did GEL director Albert Conrad P report?

He reported vesting of 2,500 phantom units settled in cash, deemed an acquisition and simultaneous disposition of 2,500 Common Units - Class A, plus a new grant of 2,976 phantom units with distribution equivalent rights and an exercise of 2,500 phantom units.

Did the GEL director buy or sell units in the open market?

No open-market trades were reported. The Form 4 shows compensation-related phantom unit vesting, cash settlement, and grants, along with deemed acquisitions and dispositions to the issuer, rather than discretionary market purchases or sales of Genesis Energy LP common units.

How many Genesis Energy LP common units does the director hold after these transactions?

After the reported transactions, the director directly holds 17,500 Common Units - Class A. This figure reflects the net position after the deemed acquisition and disposition tied to phantom unit vesting and the exercise-related movements on July 1, 2026.

What phantom unit awards does the GEL director have outstanding now?

Following the transactions, the director has 7,324 phantom units outstanding. These include awards that will be paid in cash based on the average closing price before vesting and that accrue quarterly distribution equivalent rights during the vesting period.

How are the GEL phantom units valued when they vest?

When the phantom units vest, they are paid in cash based on the average closing price of Genesis Energy LP Common Units - Class A for the 20 trading days immediately before the vesting date, aligning payout value with the partnership’s recent trading levels.

What are distribution equivalent rights in the GEL phantom unit award?

The phantom unit award includes tandem distribution equivalent rights. Quarterly distributions paid on each Common Unit - Class A are accrued over the vesting period for these rights and are paid quarterly, mirroring the partnership’s distribution stream on the underlying common units.