James E. Davison Jr. - Jan 2, 2024 Form 4 Insider Report for GENESIS ENERGY LP (GEL)

Role: Director
Signature: James E. Davison, Jr.
Stock symbol: GEL
Transactions as of: Jan 2, 2024
Transactions value $: -$85,535
Form type: 4
Date filed: 1/4/2024, 05:04 PM
Previous filing: Oct 3, 2023
Next filing: Apr 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GEL	Common Units - Class A	Options Exercise		+3.08K	+0.08%		3.89M	Jan 3, 2024	Direct	F1, F2
transaction	GEL	Common Units - Class A	Disposed to Issuer	-$36.8K	-3.08K	-0.08%	$11.95	3.88M	Jan 3, 2024	Direct	F1, F2
transaction	GEL	Common Units - Class A	Options Exercise		+4.09K	+0.11%		3.89M	Jan 4, 2024	Direct	F1, F2
transaction	GEL	Common Units - Class A	Disposed to Issuer	-$48.7K	-4.09K	-0.11%	$11.92	3.88M	Jan 4, 2024	Direct	F1, F2
holding	GEL	Common Units - Class A						446K	Jan 2, 2024	James Ellis Davison, III Trust	F3
holding	GEL	Common Units - Class A						446K	Jan 2, 2024	Sarah Margaret Davison Trust	F3
holding	GEL	Common Units - Class A						446K	Jan 2, 2024	William Charles Davison Trust	F3
holding	GEL	Common Units - Class A						188K	Jan 2, 2024	James E. and Margaret A.B. Davison Special Trust	F4

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		-3.08K	-16.71%		15.4K	Jan 3, 2024	Common Units - Class A	3.08K		Direct	F2
transaction	GEL	Phantom Units	Options Exercise		-4.09K	-26.59%		11.3K	Jan 4, 2024	Common Units - Class A	4.09K		Direct	F2
transaction	GEL	Phantom Units	Award		+2.55K	+22.57%		13.8K	Jan 2, 2024	Common Units - Class A	2.55K		Direct	F5, F6

* 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	Due to the reporting person's relationship with the beneficiaries and trustees of the Sarah Margaret Davison Trust, the William Charles Davison Trust and the James Ellis Davison, III Trust (collectively, the "Trusts"), the reporting person could be deemed to have an indirect pecuniary interest in the Common Units Class A that are beneficially owned by the Trusts. All Common Units Class A owned by the Trusts are reported on these lines. The reporting person disclaims beneficial ownership of these Common Units Class A except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these Common Units Class A for purposes of Section 16 or for any other purpose.
F4	These Common Units Class A are beneficially owned by the James E. and Margaret A.B. Davison Special Trust (the "Special Trust"). The reporting person could be deemed to have an indirect pecuniary interest in such Common Units Class A. All Common Units Class A owned by the Special Trust are reported on this line. The reporting person disclaims beneficial ownership of these Common Units Class A except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these Common Units Class A for purposes of Section 16 or for any other purpose.
F5	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.
F6	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.