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Genesis Energy (NYSE: GEL) CEO awarded 153,700 cash-settled phantom units

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

Rhea-AI Filing Summary

SIMS GRANT E reported acquisition or exercise transactions in this Form 4 filing.

GENESIS ENERGY LP Chief Executive Officer Grant E. Sims received a grant of 153,700 phantom units, each tied economically to one common unit. The award was granted on April 14, 2026 and will vest fully on April 14, 2029, the third anniversary of the grant date, if he remains employed on that vesting date, subject to certain earlier-vesting events in his award agreement. The phantom units are cash-settled based on the closing price of the common units on the vesting date and include distribution equivalent rights that pay cash amounts equal to quarterly cash distributions on the underlying common units while unvested.

Positive

  • None.

Negative

  • None.
Insider SIMS GRANT E
Role Chief Executive Officer
Type Security Shares Price Value
Grant/Award Phantom Units 153,700 $0.00 $0.00
Holdings After Transaction: Phantom Units — 153,700 shares (Direct)
Footnotes (3)
  1. F1. Each phantom unit is the economic equivalent of one common unit. The phantom units will be paid in cash based on the closing price of the common units on the vesting date (or, if the vesting date is not a trading day, on the immediately preceding trading day).
  2. F2. Award includes tandem distribution equivalent rights to receive an amount in cash concurrently with and equal to the quarterly per common unit cash distribution made by the issuer multiplied by the number of unvested phantom units.
  3. F3. The reporting person was granted an award of 153,700 phantom units on April 14, 2026 that will vest fully on April 14, 2029, the third anniversary of the grant date, provided that the reporting person is still employed by the issuer on such vesting date, subject to earlier vesting upon certain events specified in the recipient's award agreement.
Phantom units granted 153,700 units Grant to CEO on April 14, 2026
Vesting date April 14, 2029 Full vesting, third anniversary of grant
Underlying common units 153,700 units Economic equivalent per phantom unit
Exercise/expiration date April 14, 2029 Exercise and expiration date for phantom units
Transaction price per unit $0.0000 Grant, award, or other acquisition
Units following transaction 153,700 units Phantom units held after grant
Phantom Units financial
"Each phantom unit is the economic equivalent of one common unit."
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 to receive an amount in cash concurrently"
vesting date financial
"will vest fully on April 14, 2029, the third anniversary of the grant date"
quarterly per common unit cash distribution financial
"equal to the quarterly per common unit cash distribution made by the issuer"

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What did GENESIS ENERGY LP (GEL) CEO Grant E. Sims report on this Form 4?
Grant E. Sims reported receiving an award of 153,700 phantom units. These units are cash-settled and economically equivalent to common units, representing a compensation grant rather than an open-market stock purchase or sale, with vesting tied to his continued employment.

How many phantom units were granted to the GEL CEO and what do they represent?
The CEO received 153,700 phantom units. Each phantom unit is the economic equivalent of one common unit and will be settled in cash based on the common units’ closing price on the vesting date, rather than delivering actual common units.

When do Grant E. Sims’ 153,700 phantom units at GENESIS ENERGY LP vest?
The 153,700 phantom units granted on April 14, 2026 will vest fully on April 14, 2029. Vesting requires that Grant E. Sims remain employed by GENESIS ENERGY LP on that date, subject to certain earlier-vesting circumstances described in his award agreement.

Are the GEL phantom units granted to the CEO settled in stock or cash?
The phantom units are settled in cash, not stock. Each unit pays cash equal to the closing price of a common unit on the vesting date, plus quarterly cash payments mirroring per-unit cash distributions on the underlying common units while the phantom units remain unvested.

Do the GEL phantom units granted to the CEO include distribution equivalent rights?
Yes, the award includes tandem distribution equivalent rights. These rights provide cash payments equal to the quarterly per common unit cash distribution multiplied by the number of unvested phantom units, paid concurrently with the issuer’s regular quarterly cash distributions.
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*
SIMS GRANT E
(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
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026		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
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(1)(2)04/14/2026A153,700(3)04/14/202904/14/2029Common Units - Class A153,700(3)(1)(2)153,700D
Explanation of Responses:
1. Each phantom unit is the economic equivalent of one common unit. The phantom units will be paid in cash based on the closing price of the common units on the vesting date (or, if the vesting date is not a trading day, on the immediately preceding trading day).
2. Award includes tandem distribution equivalent rights to receive an amount in cash concurrently with and equal to the quarterly per common unit cash distribution made by the issuer multiplied by the number of unvested phantom units.
3. The reporting person was granted an award of 153,700 phantom units on April 14, 2026 that will vest fully on April 14, 2029, the third anniversary of the grant date, provided that the reporting person is still employed by the issuer on such vesting date, subject to earlier vesting upon certain events specified in the recipient's award agreement.
Remarks:
Grant E. Sims05/13/2026
** 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