What tax-related activity is disclosed for EPD CFO Daniel Boss in this Form 4?

Several transactions are coded F, meaning common units were delivered to cover tax liabilities tied to vesting and exercise events. These withholdings occurred at a transaction price of $36.75 per EPD common unit according to the reported data.

EPD (EPD) CFO reports phantom unit exercises and tax share withholdings

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

ENTERPRISE PRODUCTS PARTNERS L.P. Executive Vice President & CFO Daniel Boss reported equity compensation activity involving phantom units and common units. On February 16, 2026, multiple phantom unit awards were exercised and settled into common units of EPD, and a portion of the resulting common units was withheld to cover tax obligations at a price of $36.75 per unit. After these exercises and tax-withholding dispositions, Boss directly owned 349,048 common units and 85,000 phantom units, each phantom unit being economically equivalent to one EPD common unit.

Insider Trade Summary

89,300 shares exercised/converted

Mixed 13 txns

Insider Boss Daniel

Role EXECUTIVE VICE PRESIDENT & CFO

Type	Security	Shares	Price	Value
Exercise	Phantom Units	21,250	$0.00	--
Exercise	Phantom Units	23,125	$0.00	--
Exercise	Phantom Units	24,250	$0.00	--
Exercise	Phantom Units	20,675	$0.00	--
Exercise	Common Units Representing Limited Partnership Interests	21,250	$0.00	--
Tax Withholding	Common Units Representing Limited Partnership Interests	8,362	$36.75	$307K
Exercise	Common Units Representing Limited Partnership Interests	23,125	$0.00	--
Tax Withholding	Common Units Representing Limited Partnership Interests	9,100	$36.75	$334K
Exercise	Common Units Representing Limited Partnership Interests	24,250	$0.00	--
Tax Withholding	Common Units Representing Limited Partnership Interests	9,543	$36.75	$351K
Exercise	Common Units Representing Limited Partnership Interests	20,675	$0.00	--
Tax Withholding	Common Units Representing Limited Partnership Interests	8,136	$36.75	$299K
holding	Phantom Units	--	--	--

Holdings After Transaction: Phantom Units — 0 shares (Direct); Common Units Representing Limited Partnership Interests — 316,139 shares (Direct)

Footnotes (1)

Each phantom unit is the economic equivalent of one EPD common unit. These phantom units vested in one remaining annual installment on February 16, 2026. The remaining annual installment expired upon vesting and settlement thereof in exchange for an equal number of EPD common units. 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. 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. 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. These phantom units vest in four equal annual installments beginning on February 16, 2027. Each annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units. The power of attorney under which this form was signed is on file with the Commission.

Form 4 Insider Transactions: What Each Field Means →

02/18/2026 - 04:16 PM

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Boss Daniel

(Last)

(First)

(Middle)

1100 LOUISIANA STREET

SUITE 1000

(Street)

HOUSTON

77002

(City)

(State)

(Zip)

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EXECUTIVE VICE PRESIDENT & CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/16/2026

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Units Representing Limited Partnership Interests	02/16/2026		M		21,250	A	⁽¹⁾	316,139	D
Common Units Representing Limited Partnership Interests	02/16/2026		F		8,362	D	$36.75	307,777	D
Common Units Representing Limited Partnership Interests	02/16/2026		M		23,125	A	⁽¹⁾	330,902	D
Common Units Representing Limited Partnership Interests	02/16/2026		F		9,100	D	$36.75	321,802	D
Common Units Representing Limited Partnership Interests	02/16/2026		M		24,250	A	⁽¹⁾	346,052	D
Common Units Representing Limited Partnership Interests	02/16/2026		F		9,543	D	$36.75	336,509	D
Common Units Representing Limited Partnership Interests	02/16/2026		M		20,675	A	⁽¹⁾	357,184	D
Common Units Representing Limited Partnership Interests	02/16/2026		F		8,136	D	$36.75	349,048	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Units	⁽¹⁾	02/16/2026		M			21,250	⁽²⁾	⁽²⁾	Common Units	21,250	$0	0	D
Phantom Units	⁽¹⁾	02/16/2026		M			23,125	⁽³⁾	⁽³⁾	Common Units	23,125	$0	23,125	D
Phantom Units	⁽¹⁾	02/16/2026		M			24,250	⁽⁴⁾	⁽⁴⁾	Common Units	24,250	$0	48,500	D
Phantom Units	⁽¹⁾	02/16/2026		M			20,675	⁽⁵⁾	⁽⁵⁾	Common Units	20,675	$0	62,025	D
Phantom Units	⁽¹⁾							⁽⁶⁾	⁽⁶⁾	Common Units	85,000		85,000	D⁽⁷⁾

Explanation of Responses:

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

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

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. These phantom units vest in four equal annual installments beginning on February 16, 2027. Each annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.

7. The power of attorney under which this form was signed is on file with the Commission.

Remarks:

Transaction Code M - Exercise or conversion of derivative security exempted pursuant to Rule 16b-3; Transaction Code F - Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3

	/s/Jennifer W. Dickson, Attorney-in-Fact on Behalf of Richard Daniel Boss	02/18/2026
	** 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 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did EPD CFO Daniel Boss report on this Form 4?

Daniel Boss reported multiple exercises of phantom units into Enterprise Products Partners (EPD) common units and related share withholdings to satisfy taxes. These are compensation-related transactions rather than open-market buys or sells, reflecting vesting of prior equity awards.

How many Enterprise Products Partners (EPD) common units does the CFO hold after these transactions?

Following the reported exercises and tax withholdings, Daniel Boss directly owns 349,048 EPD common units. This figure reflects the net balance after new units from phantom award settlements and units withheld to cover associated tax liabilities.

What are phantom units in the context of EPD CFO Daniel Boss’s Form 4 filing?

Each phantom unit is the economic equivalent of one EPD common unit. As these awards vest, they are settled in an equal number of EPD common units, with the phantom units expiring upon settlement according to the vesting schedules described in the footnotes.

Were any of Daniel Boss’s EPD transactions classified as open-market purchases or sales?

No, the transactions are coded as M and F, indicating derivative exercises and tax-withholding dispositions. The filing shows equity award vesting and settlement activity, not open-market purchases or discretionary sales of EPD common units by the CFO.

How many phantom units does the EPD CFO hold after the reported transactions?

After the reported vesting, exercises, and settlements, Daniel Boss holds 85,000 phantom units. According to the footnotes, these units vest in future annual installments and are settled in an equal number of EPD common units upon vesting and settlement.