Equity awards reshape EPD (EPD) counsel Harry Weitzel’s holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enterprise Products Partners’ EVP and General Counsel Harry Weitzel reported multiple equity award transactions in the form of phantom units and common units representing limited partnership interests. The activity reflects the vesting and settlement of phantom unit awards into common units, together with related tax-withholding dispositions.
On February 16, 2026, Weitzel exercised and converted several grants of phantom units, receiving corresponding EPD common units at no exercise price, while a portion of the newly issued common units was delivered back at $36.75 per unit to satisfy tax liabilities. Following these transactions, he directly held 315,348 EPD common units and 83,000 phantom units, with each phantom unit economically equivalent to one EPD common unit.
Positive
- None.
Negative
- None.
Insider Trade Summary
90,375 shares exercised/converted
Mixed
13 txns
Insider
Weitzel Harry
Role
EVP, GENERAL COUNSEL & SEC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Units | 21,875 | $0.00 | -- |
| Exercise | Phantom Units | 23,750 | $0.00 | -- |
| Exercise | Phantom Units | 24,250 | $0.00 | -- |
| Exercise | Phantom Units | 20,500 | $0.00 | -- |
| Exercise | Common Units Representing Limited Partnership Interests | 21,875 | $0.00 | -- |
| Tax Withholding | Common Units Representing Limited Partnership Interests | 8,608 | $36.75 | $316K |
| Exercise | Common Units Representing Limited Partnership Interests | 23,750 | $0.00 | -- |
| Tax Withholding | Common Units Representing Limited Partnership Interests | 9,346 | $36.75 | $343K |
| Exercise | Common Units Representing Limited Partnership Interests | 24,250 | $0.00 | -- |
| Tax Withholding | Common Units Representing Limited Partnership Interests | 9,543 | $36.75 | $351K |
| Exercise | Common Units Representing Limited Partnership Interests | 20,500 | $0.00 | -- |
| Tax Withholding | Common Units Representing Limited Partnership Interests | 8,067 | $36.75 | $296K |
| holding | Phantom Units | -- | -- | -- |
Holdings After Transaction:
Phantom Units — 0 shares (Direct);
Common Units Representing Limited Partnership Interests — 282,412 shares (Direct)
Footnotes (1)
- Each phantom unit is the economic equivalent of one EPD common unit. These phantom units vested in one remaining annual installment on February 16, 2026. The remaining annual installment expired 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 executive Harry Weitzel report in this Form 4 filing?
Harry Weitzel reported vesting and settlement of phantom unit awards into Enterprise Products Partners common units, along with related tax-withholding dispositions. These are equity compensation events, not open‑market trades, and adjust his direct ownership in both common units and phantom units.
How many Enterprise Products Partners common units does Harry Weitzel hold after these transactions?
After the reported February 16, 2026 transactions, Harry Weitzel directly holds 315,348 common units of Enterprise Products Partners. This figure reflects both the phantom unit conversions into common units and the units delivered to cover associated tax obligations at the stated price.
What are phantom units in the context of EPD and Harry Weitzel’s awards?
For Enterprise Products Partners, each phantom unit is economically equivalent to one EPD common unit. Phantom units are typically deferred equity awards that vest over time and settle in common units, as reflected when Weitzel’s vested phantom units were exchanged for an equal number of common units.
What type of transactions are coded “M” and “F” in Harry Weitzel’s Form 4 for EPD?
Code “M” transactions represent the exercise or conversion of derivative securities, here phantom units settling into common units at no exercise price. Code “F” transactions are dispositions of common units used to pay the exercise price or tax liabilities, at a reported price of $36.75 per unit.
Did Harry Weitzel buy or sell EPD units on the open market in this filing?
The filing shows no open‑market buys or sells. Instead, it reports equity award‑related transactions: phantom units converting into common units and certain common units delivered back to satisfy tax liabilities, which are coded as tax‑withholding dispositions rather than discretionary market trades.
How many phantom units does Harry Weitzel hold after the reported EPD transactions?
Following the reported activity, Harry Weitzel directly holds 83,000 phantom units of Enterprise Products Partners. These units vest over future years in specified annual installments and, upon vesting and settlement, are exchanged for an equal number of EPD common units.