EPD CFO exercises phantom units, withholds shares
ENTERPRISE PRODUCTS PARTNERS L.P.
Accepted by SEC EDGAR
Learn about SEC filing dates
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
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
Exercise
12 txns
Insider
Boss Daniel
Role
EXECUTIVE VICE PRESIDENT & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Units | 21,250 | $0.00 | $0.00 |
| Exercise | Phantom Units | 23,125 | $0.00 | $0.00 |
| Exercise | Phantom Units | 24,250 | $0.00 | $0.00 |
| Exercise | Phantom Units | 20,675 | $0.00 | $0.00 |
| Exercise | Common Units Representing Limited Partnership Interests | 21,250 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Units Representing Limited Partnership Interests | 8,362 | $36.75 | $307K |
| Exercise | Common Units Representing Limited Partnership Interests | 23,125 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Units Representing Limited Partnership Interests | 9,100 | $36.75 | $334K |
| Exercise | Common Units Representing Limited Partnership Interests | 24,250 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Units Representing Limited Partnership Interests | 9,543 | $36.75 | $351K |
| Exercise | Common Units Representing Limited Partnership Interests | 20,675 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Units Representing Limited Partnership Interests | 8,136 | $36.75 | $299K |
| Holding | Phantom Units | -- | -- | -- |
Holdings After Transaction:
Phantom Units — 218,650 contracts for 85,000 underlying shares (Direct);
Common Units Representing Limited Partnership Interests — 349,048 shares (Direct)
Footnotes (7)
- F1. Each phantom unit is the economic equivalent of one EPD common unit.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. The power of attorney under which this form was signed is on file with the Commission.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
