Genesis Energy (NYSE: GEL) grants VP 34,965 cash-settled phantom units vesting 2029
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
alexander Richard R
Role
Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Units | 34,965 | $0.00 | -- |
Holdings After Transaction:
Phantom Units — 34,965 shares (Direct, null)
Footnotes (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 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
Phantom unit grant size: 34,965 phantom units
Underlying common units: 34,965 common units equivalent
Vesting date: April 14, 2029
+1 more
4 metrics
Phantom unit grant size
34,965 phantom units
Grant date April 14, 2026
Underlying common units
34,965 common units equivalent
Each phantom unit equals one common unit economically
Vesting date
April 14, 2029
Full vesting on third anniversary of grant
Expiration date
April 14, 2029
Phantom unit award expiration
Key Terms
Phantom Units, distribution equivalent rights, vesting date, economic equivalent
4 terms
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
"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"
economic equivalent financial
"Each phantom unit is the economic equivalent of one common unit."
FAQ
What insider transaction did GENESIS ENERGY LP (GEL) report for alexander Richard R?
GENESIS ENERGY LP reported a grant of 34,965 phantom units to vice president alexander Richard R. These units were awarded on April 14, 2026 and are tied economically to the company’s common units, but will ultimately be settled in cash rather than shares.
When do the 34,965 phantom units granted by GENESIS ENERGY LP vest?
The 34,965 phantom units granted on April 14, 2026 will vest fully on April 14, 2029. This is the third anniversary of the grant date, and vesting requires that the reporting person remain employed, subject to earlier vesting in certain specified circumstances.
How are GENESIS ENERGY LP phantom units economically linked to common units?
Each phantom unit is the economic equivalent of one common unit of GENESIS ENERGY LP. At vesting, the phantom units are paid in cash based on the closing price of the common units on the vesting date, or the immediately preceding trading day if that date is not a trading day.
Will the GENESIS ENERGY LP phantom units be settled in cash or common units?
The phantom units will be settled in cash rather than in common units. Payment will equal the number of vested phantom units multiplied by the closing price of GENESIS ENERGY LP common units on the vesting date, or the prior trading day if vesting falls on a non-trading day.
What are distribution equivalent rights attached to GENESIS ENERGY LP phantom units?
The award includes distribution equivalent rights that pay cash amounts alongside regular distributions. For each unvested phantom unit, the holder receives cash equal to the quarterly per-common-unit cash distribution multiplied by the number of unvested phantom units, paid concurrently with the issuer’s quarterly distribution.