Enterprise Products (NYSE: EPD) EVP granted 83,000 phantom units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enterprise Products Partners EVP and General Counsel Harry Weitzel reported an equity-based compensation award. On February 10, 2026, he received a grant of 83,000 phantom units at a price of $0 per unit under Transaction Code A, which indicates a grant, award or other acquisition pursuant to Rule 16b-3(d).
Each phantom unit is the economic equivalent of one EPD common unit. These 83,000 phantom units vest in four equal annual installments beginning on February 16, 2027, with each installment settled in an equal number of EPD common units upon vesting. Separately, he directly holds 260,537 common units representing limited partnership interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Weitzel Harry
Role
EVP, GENERAL COUNSEL & SEC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Units | 83,000 | $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 — 83,000 shares (Direct);
Common Units Representing Limited Partnership Interests — 260,537 shares (Direct)
Footnotes (1)
- 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 insider transaction did EPD EVP Harry Weitzel report on this Form 4?
Harry Weitzel reported receiving a grant of 83,000 phantom units in Enterprise Products Partners on February 10, 2026. The award was coded as Transaction Code A, indicating a grant, award or other acquisition pursuant to Rule 16b-3(d).
How many Enterprise Products Partners (EPD) phantom units were granted and at what price?
The filing shows a grant of 83,000 phantom units to Harry Weitzel at a price of $0 per unit. Each phantom unit is described as the economic equivalent of one EPD common unit, to be settled in common units upon vesting.
What are EPD phantom units and how are they settled for Harry Weitzel?
EPD phantom units are described as the economic equivalent of one EPD common unit. For the reported grants, each phantom unit will expire upon vesting and be settled in an equal number of EPD common units, effectively delivering common units instead of cash.
What is the vesting schedule for Harry Weitzel’s 83,000 newly granted phantom units at EPD?
The 83,000 newly granted phantom units vest in four equal annual installments beginning on February 16, 2027. Each annual installment will expire upon vesting and settlement, with Weitzel receiving an equal number of Enterprise Products Partners common units each year.
What other phantom unit awards for EPD does the Form 4 indicate for Harry Weitzel?
The Form 4 lists several existing phantom unit awards with remaining installments that vest annually beginning on February 16, 2026, in one, two, three, or four equal installments. Each installment is scheduled to be settled in an equal number of Enterprise Products Partners common units upon vesting.
How many Enterprise Products Partners (EPD) common units does Harry Weitzel directly own?
The filing reports that Harry Weitzel directly owns 260,537 common units representing limited partnership interests in Enterprise Products Partners. This common unit position is separate from his phantom unit awards, which will be settled in additional common units as they vest.
What roles does Harry Weitzel hold at Enterprise Products Partners (EPD) according to this Form 4?
According to the filing, Harry Weitzel serves as both a Director and an Officer of Enterprise Products Partners, with the officer title listed as EVP, General Counsel & SEC. The form indicates he is not a 10% owner of the issuer.