Genesis Energy (NYSE: GEL) grants VP 34,965 cash-settled phantom units vesting 2029
Rhea-AI Filing Summary
alexander Richard R reported acquisition or exercise transactions in this Form 4 filing.
GENESIS ENERGY LP reported that vice president alexander Richard R received a grant of 34,965 phantom units on April 14, 2026. Each phantom unit is economically equivalent to one common unit and will be settled in cash based on the common unit closing price at vesting.
The award vests fully on April 14, 2029, the third anniversary of the grant date, if the executive remains employed, with potential earlier vesting under specified events. The grant also includes distribution equivalent rights that pay cash amounts equal to quarterly per-common-unit cash distributions on the unvested phantom units.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Units | 34,965 | $0.00 | $0.00 |
Footnotes (3)
- 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).
- 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.
- F3. The reporting person was granted an award of 34,965 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.
Key Figures
Key Terms
Phantom Units financial
distribution equivalent rights financial
vesting date financial
economic equivalent financial
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