Genesis Energy (NYSE: GEL) director reports phantom unit vesting and new award
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
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Units | 3,732 | $0.00 | -- |
| Grant/Award | Phantom Units | 2,716 | $0.00 | -- |
| Exercise | Common Units - Class A | 3,732 | $0.00 | -- |
| Disposition | Common Units - Class A | 3,732 | $15.74 | $59K |
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.