EPD awards 80,000 phantom units to EVP Nelly
Enterprise Products Partners L.P. executive vice president of finance, sustainability and treasurer Christian M. Nelly reported an equity-based compensation grant.
Rhea-AI Filing Summary
Enterprise Products Partners L.P. executive vice president of finance, sustainability and treasurer Christian M. Nelly reported an equity-based compensation grant. On February 10, 2026, he received 80,000 phantom units, each economically equivalent to one EPD common unit, at a price of $0 per unit.
The 80,000 phantom units vest in four equal annual installments beginning on February 16, 2027, with each installment settling into the same number of EPD common units. Following this grant, Nelly also reports existing direct phantom unit holdings that vest over 2026 and later, plus 267,802 common units held directly and 20,000.5 common units held indirectly for the benefit of a family member, for which he disclaims full beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 80,000 shares
Grant/Award
7 txns
Insider
Nelly Christian M.
Role
EVP-FIN/SUSTAIN. AND TREASURER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Units | 80,000 | $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 | -- | -- | -- |
Holdings After Transaction:
Phantom Units — 293,350 contracts for 213,350 underlying shares (Direct);
Common Units Representing Limited Partnership Interests — 267,802 shares (Direct);
Common Units Representing Limited Partnership Interests — 20,000.5 shares (Indirect, By Mother-In-Law)
Footnotes (8)
- F1. These common units are held for the benefit of the specified member of the reporting person's immediate family. The reporting person disclaims beneficial ownership of these common units, except to the extent of his pecuniary interest, if any.
- 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 did EPD executive Christian Nelly report in this Form 4 filing?
Christian M. Nelly reported receiving 80,000 phantom units of Enterprise Products Partners L.P. as equity-based compensation. Each phantom unit is economically equivalent to one EPD common unit and was granted at a price of $0 per unit on February 10, 2026.
How do the 80,000 phantom units granted to EPD’s Nelly vest?
The 80,000 phantom units vest in four equal annual installments beginning February 16, 2027. Each installment expires upon vesting and is settled in an equal number of Enterprise Products Partners L.P. common units, aligning compensation with long-term unit performance.
What are phantom units in the EPD Form 4 for Christian Nelly?
In this filing, each phantom unit is the economic equivalent of one Enterprise Products Partners L.P. common unit. They represent deferred equity-based compensation that vests over time and is settled in EPD common units upon vesting, according to the specified schedules.
What other phantom unit holdings does Christian Nelly report at EPD?
Beyond the new 80,000-unit grant, Nelly reports existing direct phantom unit positions of 21,250, 46,250, 68,250 and 77,600 units. These vest in one to four remaining annual installments beginning February 16, 2026, and settle into an equal number of EPD common units.
How many EPD common units does Christian Nelly hold directly and indirectly?
Nelly reports direct ownership of 267,802 Enterprise Products Partners L.P. common units. Additionally, 20,000.5 common units are held indirectly for the benefit of a specified immediate family member, for which he disclaims beneficial ownership except to any pecuniary interest.
What is Christian Nelly’s role at Enterprise Products Partners L.P.?
Christian M. Nelly is identified as an officer of Enterprise Products Partners L.P., serving as executive vice president for finance and sustainability and as treasurer. The Form 4 reflects equity-based awards and holdings related to his executive role at the partnership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
