Enterprise Products Partners (NYSE: EPD) director gets 2,560 units as board pay
Rhea-AI Filing Summary
Enterprise Products Partners L.P. director Rebecca G. Followill reported an equity award of 2,560 common units representing limited partnership interests on February 10, 2026. The units were acquired from the issuer as compensation for her service as a director of its general partner under Rule 16b-3(d).
After this award, she directly beneficially owns 13,448 common units. In addition, 1,200 common units are held indirectly for the benefit of her mother-in-law; she disclaims beneficial ownership of those indirect units except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units Representing Limited Partnership Interests | 2,560 | $0.00 | -- |
| holding | Common Units Representing Limited Partnership Interests | -- | -- | -- |
Footnotes (1)
- These common units were acquired from the issuer as compensation for service as a director of its general partner. Includes common units acquired in the issuer's distribution reinvestment plan. These common units are held for the benefit of the specified member of the reporting person's immediate family. The reporting person disclaims beneficial ownership of these common units, except to the extent of her pecuniary interest, if any. The power of attorney under which this form was signed is on file with the Commission.
FAQ
What did EPD director Rebecca Followill report in this Form 4 filing?
Rebecca G. Followill reported receiving 2,560 Enterprise Products Partners common units as director compensation. The units were granted by the issuer under Rule 16b-3(d), increasing her directly beneficially owned position to 13,448 common units following the reported transaction.
How many EPD units does Rebecca Followill own after the reported transaction?
After the transaction, she directly beneficially owns 13,448 Enterprise Products Partners common units. The Form 4 also shows 1,200 units held indirectly for the benefit of her mother-in-law, for which she disclaims beneficial ownership except for any pecuniary interest.
What was the price of the EPD units granted to Rebecca Followill?
The 2,560 Enterprise Products Partners common units were acquired at a price of $0 per unit. They were received as compensation for her service as a director of the partnership’s general partner, rather than purchased in the open market.
Why did Rebecca Followill receive 2,560 EPD common units?
She received the 2,560 Enterprise Products Partners common units as compensation for serving as a director of the issuer’s general partner. The filing notes this grant as an acquisition under Rule 16b-3(d) related to director service compensation.
How are the EPD units held for Rebecca Followill’s mother-in-law treated?
The Form 4 shows 1,200 Enterprise Products Partners common units held indirectly for her mother-in-law. The filing states these units are for the benefit of that family member and that Followill disclaims beneficial ownership except to the extent of her pecuniary interest, if any.
Does this EPD Form 4 indicate any derivative securities for Rebecca Followill?
No derivative securities are listed for Rebecca G. Followill in the provided Form 4 excerpt. Table II for derivative securities is present structurally but contains no disclosed derivative positions or transactions in the available content.