Enterprise Products (NYSE: EPD) awards co-CEO 295,000 phantom units

Rhea-AI Filing Summary

Enterprise Products Partners L.P. reported that co-chief executive officer A. James Teague received a grant of 295,000 phantom units at a price of $0 on February 10, 2026. Each phantom unit is the economic equivalent of one EPD common unit and will vest in four equal annual installments beginning on February 16, 2027.

Teague also holds previously granted phantom units covering 66,250, 150,000, 232,500 and 275,000 common units, which vest in annual installments beginning on February 16, 20262,908,860 common units, with additional indirect holdings of 74,911 units by trust, 41,155 units by spouse and 6,060 units by minor children.

02/10/2026 - 05:26 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^*

TEAGUE AJ

(Last) (First) (Middle)

1100 LOUISIANA STREET

SUITE 1000

(Street)

HOUSTON TX 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CO-CHIEF EXECUTIVE OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Units Representing Limited Partnership Interests								2,908,860(1)	D
Common Units Representing Limited Partnership Interests								74,911	I	By Trust
Common Units Representing Limited Partnership Interests								41,155	I	By Spouse
Common Units Representing Limited Partnership Interests								6,060	I	By Minor Children

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Units	(2)							(3)	(3)	Common Units	66,250		66,250	D
Phantom Units	(2)							(4)	(4)	Common Units	150,000		150,000	D
Phantom Units	(2)							(5)	(5)	Common Units	232,500		232,500	D
Phantom Units	(2)							(6)	(6)	Common Units	275,000		275,000	D
Phantom Units	(2)	02/10/2026		A		295,000		(7)	(7)	Common Units	295,000	$0	295,000	D(8)

Explanation of Responses:

1. Includes common units acquired under the issuer's employee unit purchase plan.

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

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

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

Remarks:

Transaction Code A - Grant, award or other acquisition pursuant to Rule 16b-3(d)

	/s/Jennifer W. Dickson, Attorney-in-Fact on behalf of A. James Teague	02/10/2026
	** 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.

FAQ

What insider transaction did EPD report for A. James Teague?

Enterprise Products Partners reported that co-CEO A. James Teague received a grant of 295,000 phantom units on February 10, 2026 at $0 per unit. These units are a form of stock-based compensation tied economically to EPD common units.

How do the EPD phantom units granted to A. James Teague vest?

The newly granted 295,000 phantom units vest in four equal annual installments beginning on February 16, 2027. Upon vesting, each phantom unit is settled in an equal number of EPD common units, aligning executive compensation with long-term unitholder value.

What existing phantom unit awards does A. James Teague hold at EPD?

A. James Teague holds prior phantom unit awards linked to 66,250, 150,000, 232,500, and 275,000 EPD common units. These awards vest in annual installments beginning on February 16, 2026, further extending his long-term incentive exposure.

How many EPD common units does A. James Teague beneficially own directly?

Following the reported transactions, A. James Teague directly beneficially owns 2,908,860 common units of Enterprise Products Partners. This direct ownership position reflects his substantial personal stake in the partnership alongside his executive leadership role.

What indirect EPD holdings are reported for A. James Teague and related parties?

Indirect beneficial ownership includes 74,911 common units held by a trust, 41,155 units held by his spouse, and 6,060 units held by minor children. These positions are reported as indirect interests associated with A. James Teague.

What does it mean that each EPD phantom unit equals one common unit?

Each phantom unit is described as the economic equivalent of one EPD common unit. This means the value delivered at settlement mirrors the value of a single common unit, helping align executive compensation with the partnership’s unit price performance.