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Grant E. Sims

Chief Executive Officer at GENESIS ENERGY
Board
Since August 2006
Age
69 years
Tenure
Has served as Chief Executive Officer at GEL since August 2006 and was promoted to Chairman of the Board in October 2012.

Also at GENESIS ENERGY

ETF
Edward T. Flynn
Executive Vice President of GEL's general partner
GGG
Garland G. Gaspard
Senior Vice President
JJR
Jeffrey J. Rasmussen
Vice President

About

Grant E. Sims has been at the helm of GEL as its Chief Executive Officer since August 2006 and was later promoted to Chairman of the Board in October 2012.

Before his tenure at GEL, he built a substantial part of his career in the energy sector, holding executive roles at Leviathan Gas Pipeline Partners, LP from 1992 to 1999. During that period, he served as the CEO and a director, contributing to the company's evolution through subsequent iterations as El Paso Energy Partners, L.P. and GulfTerra Energy Partners, L.P..

His professional journey highlights a strong track record of driving growth and increasing operational diversity. After leaving Leviathan, he also pursued personal interests, including investments, which further demonstrates his commitment to strategic innovation.

This summary provides an objective and concise overview of his longstanding contribution to GEL and the broader energy sector.

$GEL Performance Under Grant E. Sims

Past Roles

OrganizationRoleDate RangeDetails
Leviathan Gas Pipeline Partners, LP (later known as El Paso Energy Partners, L.P. and GulfTerra Energy Partners, L.P.) Chief Executive Officer and Director 1993 - 1999 Left to pursue personal interests including investments

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Salary$860,000 Annually Fixed annual salary
Bonus$2,112,500 Paid during 2024 Retention and special bonus awards
401(k) Matching & Profit Sharing$17,250 Contributions during 2024 Company matching contributions
Insurance Premiums$702,238 Annually Paid life insurance premiums
LTIP Award - Service-Based$1,800,000 Vests on April 10, 2027 40% of the total LTIP award attributed to service
Termination Benefit - Death or Disability$13,000,000 Upon death or disability event Full vesting of outstanding awards upon qualifying event
Termination Benefit - Change of Control$21,600,000 Upon change of control Unvested awards accelerate to full vesting

Performance Compensation

Data from  FY 2024

Non-Equity Incentive Plan Compensation / LTIP Award - Performance-Based

DetailInformation
Performance MetricsAvailable Cash before Reserves, Consolidated Leverage Ratio, Safety and Sustainability Metrics
Threshold ($)$3,150,000
Target ($)$4,500,000
Maximum ($)$7,200,000
Weight60% performance-based and 40% service-based
Vesting SchedulePerformance-based portion vests in 2026; service-based portion vests on April 10, 2027
Evaluation Period2026 (for performance metrics evaluation)
Grant DateApril 10, 2024
Additional DetailsNo grant date fair value or stock price details provided; actual performance results for payout determination are subject to achieving the metrics in 2026