EPD co-CEO granted 295,000 phantom units
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.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 295,000 shares
Grant/Award
9 txns
Insider
TEAGUE AJ
Role
CO-CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Units | 295,000 | $0.00 | $0.00 |
| holding | Phantom Units | -- | -- | -- |
| holding | Phantom Units | -- | -- | -- |
| holding | Phantom Units | -- | -- | -- |
| holding | Phantom Units | -- | -- | -- |
| holding | Common Units Representing Limited Partnership Interests | -- | -- | -- |
| holding | Common Units Representing Limited Partnership Interests | -- | -- | -- |
| holding | Common Units Representing Limited Partnership Interests | -- | -- | -- |
| holding | Common Units Representing Limited Partnership Interests | -- | -- | -- |
Holdings After Transaction:
Phantom Units — 1,018,750 contracts for 723,750 underlying shares (Direct);
Common Units Representing Limited Partnership Interests — 2,908,860 shares (Direct);
Common Units Representing Limited Partnership Interests — 74,911 shares (Indirect, By Trust);
Common Units Representing Limited Partnership Interests — 41,155 shares (Indirect, By Spouse);
Common Units Representing Limited Partnership Interests — 6,060 shares (Indirect, By Minor Children)
Footnotes (8)
- F1. Includes common units acquired under the issuer's employee unit purchase plan.
- F2. Each phantom unit is the economic equivalent of one EPD common unit.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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 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 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
