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Genesis Energy (GEL) SVP awarded 33,508 phantom units in cash-settled grant

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

Rhea-AI Filing Summary

Gaspard Garland G reported acquisition or exercise transactions in this Form 4 filing.

Genesis Energy LP senior vice president Garland G. Gaspard received a grant of 33,508 phantom units tied to the company’s common units. These phantom units are cash-settled and will fully vest on April 14, 2029, if he remains employed, and include cash distribution-equivalent rights during the vesting period.

Positive

  • None.

Negative

  • None.
Insider Gaspard Garland G
Role Senior Vice President
Type Security Shares Price Value
Grant/Award Phantom Units 33,508 $0.00 --
Holdings After Transaction: Phantom Units — 33,508 shares (Direct, null)
Footnotes (1)
  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). 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. The reporting person was granted an award of 33,508 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 33,508 units Grant to SVP on April 14, 2026
Vesting date April 14, 2029 Full vesting of phantom units after three years
Units after transaction 33,508 units Total phantom units held following this grant
Underlying common units 33,508 units Each phantom unit equals one common unit economically
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 with and equal to the quarterly per common unit cash distribution."
vesting date financial
"The phantom units will be paid in cash based on the closing price of the common units on the vesting date."
award agreement financial
"subject to earlier vesting upon certain events specified in the recipient's award agreement."
An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.
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Form 4 Insider Transactions: What Each Field Means →
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*
Gaspard Garland G
(Last)(First)(Middle)
811 LOUISIANA STREET, 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Senior Vice President
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)04/14/2026A33,508(3)04/14/202904/14/2029Common Units - Class A33,508(3)(1)(2)33,508D
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 33,508 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:
Garland G. Gaspard05/13/2026
** 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

FAQ

What insider transaction did Genesis Energy (GEL) report for Garland G. Gaspard?

Genesis Energy reported that Senior Vice President Garland G. Gaspard received a grant of 33,508 phantom units. These units are compensation-linked derivatives tied to common units, granted on April 14, 2026, and vest after three years if employment conditions are met.

What are the key details of the 33,508 phantom units granted at Genesis Energy (GEL)?

The award consists of 33,508 phantom units, each economically equivalent to one common unit. The units were granted on April 14, 2026 and are scheduled to fully vest on April 14, 2029, subject to continued employment and certain earlier-vesting events in the award agreement.

How are Genesis Energy (GEL) phantom units from this grant settled and valued?

Each phantom unit will be paid in cash based on the closing price of Genesis Energy’s common units on the vesting date, or the preceding trading day. This makes the award a cash-settled incentive directly linked to future common unit market prices at vesting.

Do Genesis Energy (GEL) phantom units include distribution rights for this award?

Yes. The award includes tandem distribution equivalent rights, which pay cash equal to the quarterly per common unit cash distribution multiplied by the number of unvested phantom units. These cash amounts are paid concurrently with common unit distributions during the vesting period.

When do the granted Genesis Energy (GEL) phantom units vest for Garland G. Gaspard?

The 33,508 phantom units granted to Garland G. Gaspard vest fully on April 14, 2029, the third anniversary of the grant date. Vesting requires that he remain employed with Genesis Energy through that date, subject to earlier vesting upon specified events in his award agreement.