Genesis Energy director updates holdings after phantom unit vesting
Genesis Energy LP director Jack T. Taylor reported changes in his ownership of the partnership’s Common Units - Class A and related phantom units as of 01/02/2026.
Rhea-AI Filing Summary
Genesis Energy LP director Jack T. Taylor reported changes in his ownership of the partnership’s Common Units - Class A and related phantom units as of 01/02/2026. A total of 3,732 phantom units vested and were paid in cash, which is treated as acquiring and then surrendering an equal number of Common Units - Class A to the issuer, at a cash value based on the average closing price over the 20 trading days before vesting.
Following these transactions, Taylor directly owned 32,865 Common Units - Class A and 10,231 phantom units2,716 phantom units, which are scheduled to vest on 01/02/2027 and will be settled in cash based on the average closing price before that vesting date, including tandem distribution equivalent rights that accrue quarterly distributions during the vesting period.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Units | 3,732 | $0.00 | $0.00 |
| Grant/Award | Phantom Units | 2,716 | $0.00 | $0.00 |
| Exercise | Common Units - Class A | 3,732 | $0.00 | $0.00 |
| Disposition | Common Units - Class A | 3,732 | $15.74 | $59K |
Footnotes (4)
- 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. 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.
- 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did GEL director Jack T. Taylor report on Form 4?
How many Genesis Energy LP common units does Jack T. Taylor own after this transaction?
What happened to the 3,732 phantom units reported in the GEL Form 4?
What new equity-linked compensation did GEL grant to Jack T. Taylor?
What are the total phantom units Jack T. Taylor holds after this Genesis Energy LP filing?
How is the cash value of GEL phantom units determined at vesting?
Do GEL phantom units for Jack T. Taylor include distribution rights?
AI-generated analysis. How Rhea-AI works. Not financial advice.