Genesis Energy director settles 2,420 units in cash
The award includes distribution equivalent rights: quarterly distributions accrue over the vesting period and are paid quarterly.
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Form Type
4
Rhea-AI Filing Summary
Genesis Energy LP director James E. Davison Jr. reported a cash settlement of 2,420 phantom units on October 1, 2026. The payment was treated as disposing of the phantom units, acquiring 2,420 Common Units - Class A, and simultaneously disposing of those units to the issuer at a reported $15.08 per Common Unit - Class A. No Rule 10b5-1 plan is reported.
He also received an award of 2,924 phantom units, payable in cash. Indirect holdings reported for the Sarah Margaret Davison Trust, William Charles Davison Trust, James Ellis Davison, III Trust and James E. and Margaret A.B. Davison Special Trust were 446,462, 446,460, 446,461 and 187,856 Common Units - Class A, respectively. Davison disclaims beneficial ownership except to the extent of his pecuniary interest.
Insider Trade Summary
2,420 shares exercised/converted
Exercise
8 txns
Insider
Davison James E. Jr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Units F2 | 2,420 | -- | -- |
| Grant/Award | Phantom Units F5, F6 | 2,924 | -- | -- |
| Exercise | Common Units - Class A F1, F2 | 2,420 | -- | -- |
| Disposition | Common Units - Class A F1, F2 | 2,420 | $15.08 | $36K |
| holding | Common Units - Class A F3 | -- | -- | -- |
| holding | Common Units - Class A F3 | -- | -- | -- |
| holding | Common Units - Class A F3 | -- | -- | -- |
| holding | Common Units - Class A F4 | -- | -- | -- |
Holdings After Transaction:
Phantom Units — 18,220 contracts (Direct);
Common Units - Class A — 3,883,045 shares (Direct);
Common Units - Class A — 446,461 shares (Indirect, James Ellis Davison, III Trust);
Common Units - Class A — 446,462 shares (Indirect, Sarah Margaret Davison Trust);
Common Units - Class A — 446,460 shares (Indirect, William Charles Davison Trust);
Common Units - Class A — 187,856 shares (Indirect, James E. and Margaret A.B. Davison Special Trust)
Footnotes (6)
- 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.
- 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.
- F3. Due to the reporting person's relationship with the beneficiaries and trustees of the Sarah Margaret Davison Trust, the William Charles Davison Trust and the James Ellis Davison, III Trust (collectively, the "Trusts"), the reporting person could be deemed to have an indirect pecuniary interest in the Common Units Class A that are beneficially owned by the Trusts. All Common Units Class A owned by the Trusts are reported on these lines. The reporting person disclaims beneficial ownership of these Common Units Class A except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these Common Units Class A for purposes of Section 16 or for any other purpose.
- F4. These Common Units Class A are beneficially owned by the James E. and Margaret A.B. Davison Special Trust (the "Special Trust"). The reporting person could be deemed to have an indirect pecuniary interest in such Common Units Class A. All Common Units Class A owned by the Special Trust are reported on this line. The reporting person disclaims beneficial ownership of these Common Units Class A except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these Common Units Class A for purposes of Section 16 or for any other purpose.
- F5. 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.
- F6. 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 settled: 2,420 phantom units
Reported disposition price: $15.08 per Common Unit - Class A
Phantom units awarded: 2,924 phantom units
+5 more
8 metrics
Phantom units settled
2,420 phantom units
Cash settlement reported October 1, 2026
Reported disposition price
$15.08 per Common Unit - Class A
Disposition to the issuer reported October 1, 2026
Phantom units awarded
2,924 phantom units
Award reported October 1, 2026
Cash settlement pricing period
20 trading days
Average closing price immediately before vesting
Sarah Margaret Davison Trust holdings
446,462 Common Units - Class A
Indirect holding reported for the trust
William Charles Davison Trust holdings
446,460 Common Units - Class A
Indirect holding reported for the trust
James Ellis Davison, III Trust holdings
446,461 Common Units - Class A
Indirect holding reported for the trust
James E. and Margaret A.B. Davison Special Trust holdings
187,856 Common Units - Class A
Indirect holding reported for the trust
Key Terms
phantom units, tandem distribution equivalent rights, indirect pecuniary interest
3 terms
phantom units financial
"payment of the phantom units in cash"
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.
tandem distribution equivalent rights financial
"Award includes tandem distribution equivalent rights"
indirect pecuniary interest regulatory
"could be deemed to have an indirect pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many GEL phantom units did James E. Davison Jr. settle, and at what price?
The 2,420 phantom units were paid in cash on October 1, 2026, based on the average closing price for the 20 trading days immediately before vesting. The corresponding 2,420 Common Units - Class A were acquired and simultaneously disposed of to the issuer at $15.08 per unit.
What are the terms of James E. Davison Jr.'s GEL phantom-unit award?
The October 1, 2026 award comprises 2,924 phantom units, payable in cash based on the average closing price for the 20 trading days immediately before vesting. It also includes tandem distribution equivalent rights: quarterly distributions on each Common Unit - Class A accrue over the vesting period and are paid quarterly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
