Equity awards reshape EPD (EPD) counsel Harry Weitzel’s holdings

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.

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

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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^*

Weitzel Harry

(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)
	EVP, GENERAL COUNSEL & SEC

3. Date of Earliest Transaction (Month/Day/Year)
02/16/2026

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	02/16/2026		M		21,875	A	(1)	282,412	D
Common Units Representing Limited Partnership Interests	02/16/2026		F		8,608	D	$36.75	273,804	D
Common Units Representing Limited Partnership Interests	02/16/2026		M		23,750	A	(1)	297,554	D
Common Units Representing Limited Partnership Interests	02/16/2026		F		9,346	D	$36.75	288,208	D
Common Units Representing Limited Partnership Interests	02/16/2026		M		24,250	A	(1)	312,458	D
Common Units Representing Limited Partnership Interests	02/16/2026		F		9,543	D	$36.75	302,915	D
Common Units Representing Limited Partnership Interests	02/16/2026		M		20,500	A	(1)	323,415	D
Common Units Representing Limited Partnership Interests	02/16/2026		F		8,067	D	$36.75	315,348	D

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	(1)	02/16/2026		M			21,875	(2)	(2)	Common Units	21,875	$0	0	D
Phantom Units	(1)	02/16/2026		M			23,750	(3)	(3)	Common Units	23,750	$0	23,750	D
Phantom Units	(1)	02/16/2026		M			24,250	(4)	(4)	Common Units	24,250	$0	48,500	D
Phantom Units	(1)	02/16/2026		M			20,500	(5)	(5)	Common Units	20,500	$0	61,500	D
Phantom Units	(1)							(6)	(6)	Common Units	83,000		83,000	D(7)

Explanation of Responses:

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

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

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

Remarks:

Transaction Code M - Exercise or conversion of derivative security exempted pursuant to Rule 16b-3; Transaction Code F - Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3

	/s/Jennifer W. Dickson, Attorney-in-Fact on Behalf of Harry P. Weitzel	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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.