Conrad P. Albert - Jul 1, 2021 Form 4 Insider Report for GENESIS ENERGY LP (GEL)

Role: Director
Signature: Conrad P. Albert
Stock symbol: GEL
Transactions as of: Jul 1, 2021
Transactions value $: -$13,569
Form type: 4
Date filed: 7/2/2021, 05:55 PM
Next filing: Oct 5, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GEL	Common Units - Class A	Options Exercise		+1.18K	+7.89%		16.2K	Jul 2, 2021	Direct	F1, F2
transaction	GEL	Common Units - Class A	Disposed to Issuer	-$13.6K	-1.18K	-7.31%	$11.47	15K	Jul 2, 2021	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GEL	Phantom Units	Options Exercise		-1.18K	-3.76%		30.3K	Jul 2, 2021	Common Units - Class A	1.18K		Direct	F2
transaction	GEL	Phantom Units	Award		+2.16K	+7.15%		32.4K	Jul 1, 2021	Common Units - Class A	2.16K		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.