Genesis Energy (GEL) director Davison acquired 3,096 shares
Insider transactions reported
James E. Davison Jr. (director at Genesis Energy, L.P., GEL) reported that they acquired 3,096 shares, and returned to the company 3,096 shares at $13.51 between Jul 1, 2024 and Jul 3, 2024. After these transactions the filing shows 3,883,045 shares held directly.
- Reporting person
- Davison James E. Jr.
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Jul 3, 2024 | Exercise or conversion of a derivative (M) | Common Units - Class A1, 2 | +3,096 | - | - | 3,886,141 direct |
| Jul 3, 2024 | Sale back to the company (D) | Common Units - Class A1, 2 | -3,096 | $13.51 | $41.8K | 3,883,045 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Jul 3, 2024 | Exercise or conversion of a derivative (M) | Phantom UnitsOn 3,096 Common Units - Class A2 | -3,096 | - | - | 8,144 direct |
| Jul 1, 2024 | Grant or award (A) | Phantom UnitsOn 2,584 Commom Units - Class A5, 6 | +2,584 | - | - | 10,728 direct |
Holdings before and after
- Phantom Units: 11,240 to 10,728 direct
Other positions listed
- Common Units - Class A: 446,461 indirect, James Ellis Davison, III Trust
- Common Units - Class A: 446,462 indirect, Sarah Margaret Davison Trust
- Common Units - Class A: 446,460 indirect, William Charles Davison Trust
- Common Units - Class A: 187,856 indirect, James E. and Margaret A.B. Davison Special Trust
Footnotes from the filing
- 1. 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.
- 2. 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.
- 3. 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.
- 4. 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.
- 5. 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.
- 6. 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.
Transaction codes in this filing
- Exercise or conversion of a derivative:
- Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
- Sale back to the company:
- Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.
FAQ
What did Davison report in this GEL Form 4?
James E. Davison Jr. (director at Genesis Energy, L.P., GEL) reported that they acquired 3,096 shares, and returned to the company 3,096 shares at $13.51 between Jul 1, 2024 and Jul 3, 2024. After these transactions the filing shows 3,883,045 shares held directly.
How many GEL shares does Davison hold after this filing?
The filing shows 3,883,045 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
What does transaction code M mean on an SEC Form 4?
Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
Historical context for GEL
Earlier insider filings at GEL
- Jul 3, 2024Director Gasaway Sharilyn S converted options into 3,418 units of Common Units - Class A and returned $46,177 worth of Common Units - Class A to the company (3,418 units at $13.51) (SEC Form 4)
- Jul 3, 2024Director Davison James E converted options into 3,096 units of Common Units - Class A and returned $41,827 worth of Common Units - Class A to the company (3,096 units at $13.51) (SEC Form 4)
- Jul 3, 2024Director Albert Conrad P converted options into 3,289 units of Common Units - Class A and returned $44,434 worth of Common Units - Class A to the company (3,289 units at $13.51) (SEC Form 4)
- Jul 3, 2024Director Jastrow Kenneth M Ii converted options into 3,418 units of Common Units - Class A and returned $46,177 worth of Common Units - Class A to the company (3,418 units at $13.51) (SEC Form 4)
- Jul 3, 2024Director Taylor Jack T converted options into 3,289 units of Common Units - Class A and returned $44,434 worth of Common Units - Class A to the company (3,289 units at $13.51) (SEC Form 4)
- Market cap
- 30-day
- Sector
- Energy
- Industry
- Oil Refining/Marketing
- Listed since
- 1996
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