Enterprise Products (NYSE: EPD) awards CFO 85,000 phantom units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enterprise Products Partners L.P. executive Daniel Boss, Executive Vice President & CFO, received a grant of 85,000 phantom units on February 10, 2026. The award was made at a price of $0 under compensation rules for officers.
Each phantom unit is economically equivalent to one EPD common unit and the 85,000-unit grant vests in four equal annual installments beginning on February 16, 2027, settling in an equal number of common units. Following this transaction, Boss also holds 294,889 common units and previously granted phantom units in separate awards, all reported as directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Boss Daniel
Role
EXECUTIVE VICE PRESIDENT & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Units | 85,000 | $0.00 | -- |
| holding | Phantom Units | -- | -- | -- |
| holding | Phantom Units | -- | -- | -- |
| holding | Phantom Units | -- | -- | -- |
| holding | Phantom Units | -- | -- | -- |
| holding | Common Units Representing Limited Partnership Interests | -- | -- | -- |
Holdings After Transaction:
Phantom Units — 85,000 shares (Direct);
Common Units Representing Limited Partnership Interests — 294,889 shares (Direct)
Footnotes (1)
- Includes common units acquired under the issuer's employee unit purchase plan. Each phantom unit is the economic equivalent of one EPD common unit. 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. 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.
FAQ
What did EPD disclose about CFO Daniel Boss in this Form 4 filing?
Enterprise Products Partners L.P. reported that Executive Vice President & CFO Daniel Boss received 85,000 phantom units on February 10, 2026. These units are part of his equity-based compensation and are directly owned, alongside his previously reported common unit and phantom unit holdings.
How many phantom units were granted to EPD CFO Daniel Boss and on what terms?
Daniel Boss was granted 85,000 phantom units at a price of $0 on February 10, 2026. Each phantom unit is economically equivalent to one EPD common unit and this grant vests in four equal annual installments beginning on February 16, 2027, settling in common units.
What are phantom units in the EPD Form 4 for Daniel Boss?
In this filing, phantom units are equity-based awards that are the economic equivalent of EPD common units. Upon vesting and settlement, each phantom unit converts into one common unit. Vesting occurs over specified annual installments, as detailed for each award in the footnotes.
When do Daniel Boss’s newly granted EPD phantom units vest?
The 85,000 phantom units granted to Daniel Boss vest in four equal annual installments beginning on February 16, 2027. Each installment expires upon vesting and is settled in an equal number of Enterprise Products Partners L.P. common units, according to the filing’s footnotes.
What EPD equity holdings does Daniel Boss report after this Form 4 transaction?
After the reported grant, Daniel Boss reports direct beneficial ownership of 294,889 common units and several outstanding phantom unit awards. These include the new 85,000-unit grant and earlier phantom unit awards with various remaining vesting schedules into and beyond February 16, 2026.
What transaction code is used in the EPD Form 4 for Daniel Boss’s award?
The transaction is coded “A,” indicating a grant, award or other acquisition pursuant to Rule 16b-3(d). It reflects the issuance of 85,000 phantom units to Executive Vice President & CFO Daniel Boss as part of his officer compensation, at no cash purchase price.