Enterprise Products (NYSE: EPD) EVP discloses common and phantom unit awards

Rhea-AI Filing Summary

Enterprise Products Partners L.P. executive vice president and chief commercial officer Michael C. Hanley reported his ownership of the company’s equity. He directly holds 135,524.5122 common units representing limited partnership interests.

He also holds several grants of phantom units, each economically equivalent to one EPD common unit. These include 8,750 phantom units that vest in one remaining annual installment on February 16, 2026, and additional grants of 20,000, 28,125 and 32,500 phantom units that vest in multiple equal annual installments beginning on February 16, 2026, with each installment settling in an equal number of common units.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Hanley Michael C.

(Last) (First) (Middle)

1100 LOUISIANA ST, STE 1000

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/01/2025

3. Issuer Name and Ticker or Trading Symbol
ENTERPRISE PRODUCTS PARTNERS L.P. [ EPD ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Commercial Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Units Representing Limited Partnership Interests	135,524.5122	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Units	(1)	(1)	Common Units	8,750	(2)	D
Phantom Units	(3)	(3)	Common Units	20,000	(2)	D
Phantom Units	(4)	(4)	Common Units	28,125	(2)	D
Phantom Units	(5)	(5)	Common Units	32,500	(2)	D(6)

Explanation of Responses:

1. These phantom units vest in one remaining annual installment on February 16, 2026. The remaining annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.

2. Each phantom unit is the economic equivalent of one EPD common unit.

3. These phantom units vest in two remaining equal annual installments beginning on February 16, 2026. Each remaining annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.

4. These phantom units vest in three remaining equal annual installments beginning on February 16, 2026. Each remaining annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.

5. These phantom units vest in four equal annual installments beginning on February 16, 2026. Each annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.

6. The power of attorney under which this form was signed is attached.

	/s/Jennifer W. Dickson, Attorney-in-Fact on behalf of Michael C. Hanley	12/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider ownership did EPD executive Michael C. Hanley report?

He reported direct ownership of 135,524.5122 common units of Enterprise Products Partners L.P., representing limited partnership interests.

What are the phantom units reported by the EPD executive?

He holds several grants of phantom units, each described as the economic equivalent of one EPD common unit, which settle in common units upon vesting.

How many phantom units vest in a single installment for the EPD executive?

A grant of 8,750 phantom units vests in one remaining annual installment on February 16, 2026, then settles in an equal number of EPD common units.

How many additional phantom units does the EPD executive hold and how do they vest?

He holds additional phantom units of 20,000, 28,125, and 32,500, vesting in multiple equal annual installments beginning on February 16, 2026, with each installment settling in common units.

What is the relationship of the reporting person to Enterprise Products Partners (EPD)?

The reporting person is an officer of Enterprise Products Partners L.P., serving as EVP & Chief Commercial Officer.

Who signed the ownership report for the EPD executive?

The report was signed /s/ Jennifer W. Dickson as Attorney-in-Fact on behalf of Michael C. Hanley, under a power of attorney.