Kenneth M. Jastrow II - 01 Jul 2023 Form 4 Insider Report for GENESIS ENERGY LP (GEL)

Role
Director
Signature
Kenneth M. Jastrow II
Issuer symbol
GEL
Transactions as of
01 Jul 2023
Net transactions value
-$77,839
Form type
4
Filing time
05 Jul 2023, 16:16:24 UTC
Previous filing
04 Apr 2023
Next filing
03 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEL Common Units - Class A Options Exercise +4,001 +2.7% 154,001 01 Jul 2023 Direct F1, F2
transaction GEL Common Units - Class A Disposed to Issuer $39,130 -4,001 -2.6% $9.78 150,000 01 Jul 2023 Direct F1, F2
transaction GEL Common Units - Class A Options Exercise +3,958 +2.6% 153,958 01 Jul 2023 Direct F1, F2
transaction GEL Common Units - Class A Disposed to Issuer $38,709 -3,958 -2.6% $9.78 150,000 01 Jul 2023 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 -4,001 -13% 27,366 01 Jul 2023 Common Units - Class A 4,001 Direct F2
transaction GEL Phantom Units Options Exercise -3,958 -14% 23,408 01 Jul 2023 Common Units - Class A 3,958 Direct F2
transaction GEL Phantom Units Award +3,418 +15% 26,826 03 Jul 2023 Common Units - Class A 3,418 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 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.
F4 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.