ENTERPRISE PRODUCTS PARTNERS L.P. director and 10% owner Randa Duncan Williams reported equity compensation activity involving phantom units and common units. On February 16, 2026, she exercised 482,000 phantom units (each economically equal to one EPD common unit) into 482,000 common units, at a stated price of $36.75 per unit for related tax purposes. To satisfy tax withholding, 189,667 common units were delivered, coded as a tax-withholding disposition, leaving 1,417,390 common units held directly. She also continues to hold multiple phantom unit awards that vest annually from February 16, 2027 through February 16, 2030, each settling one-for-one into EPD common units upon vesting. Large additional blocks of common units are held indirectly through entities such as Enterprise Products Company, EPCO Holdings, various 2018 and 2023 family trusts, 1990 grantor trusts, and spouse-affiliated partnerships, where she disclaims beneficial ownership except to the extent of any pecuniary interest.
Enterprise Products Partners L.P. director Richard H. Bachmann exercised 83,500 phantom units into an equal number of common units representing limited partnership interests on February 16, 2026, at a stated price of $0.00 per unit. Following this derivative exercise, his direct ownership in common units increased, with 2,303,684 units reported before a related tax transaction.
To cover tax obligations tied to this vesting and settlement, 32,858 common units were disposed of at $36.75 per unit, leaving Bachmann with 2,270,826 common units held directly after these transactions. The phantom units are economically equivalent to common units and future phantom unit awards are scheduled to vest annually from February 16, 2027 through February 16, 2030, each expiring upon vesting and settlement into an equal number of common units.
Enterprise Products Partners’ co-CEO AJ Teague reported multiple compensation-related transactions involving phantom units and common units on February 16, 2026. Several batches of phantom units were exercised and settled into common units, each phantom unit being the economic equivalent of one EPD common unit.
Some of the resulting common units were then withheld to cover tax obligations at a price of $36.75 per unit, coded as tax-withholding dispositions rather than open-market sales. After these transactions, Teague held 3,083,226 common units directly, along with additional indirect holdings through a trust, spouse, and minor children. Footnotes also describe remaining phantom units that vest annually beginning on February 16, 2026 and February 16, 2027, settling into an equal number of common units as they vest.
ENTERPRISE PRODUCTS PARTNERS L.P. director and co-chief executive officer W. Randall Fowler reported multiple equity compensation transactions involving phantom units and common units representing limited partnership interests on February 16, 2026.
Several phantom unit awards were exercised or settled, each at a stated price of $0.0000 per unit, resulting in the issuance of common units. To satisfy tax obligations tied to these equity events, Fowler delivered blocks of common units, including 26,070, 29,513 and 27,054 units at a price of $36.7500 per unit in tax-withholding dispositions rather than open-market sales. Following these transactions, he held 1,804,490 common units directly, 708,419 common units indirectly through Three Streams Partners, LP, 2,339 common units indirectly through his spouse, and 295,000 phantom units, each economically equivalent to one EPD common unit.
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.
Enterprise Products Partners EVP Christian M. Nelly reported multiple equity compensation transactions involving phantom units and common units representing limited partnership interests on February 16, 2026. Several phantom unit awards were exercised or converted into common units at a stated price of $0.00 per unit.
Related tax-withholding dispositions of common units occurred at a transaction price of $36.75 per unit, reflecting delivery of units to satisfy tax obligations rather than open-market sales. After these transactions, the reporting person directly held 320,278 common units and 80,000 phantom units, plus 20,000.5 common units indirectly held for the benefit of a family member, for which beneficial ownership is disclaimed except for any pecuniary interest.
Enterprise Products Partners EVP & Chief Commercial Officer Michael C. Hanley reported equity award activity on February 16, 2026. He exercised phantom units into common units and used some of the newly issued units, at $36.75 per unit, to cover tax withholding. Following these transactions, he directly held 158,058 common units, plus 100,000 and 75,000 phantom units that vest in scheduled installments through 2030.
ENTERPRISE PRODUCTS PARTNERS L.P. Executive Vice President & CFO Daniel Boss reported equity compensation activity involving phantom units and common units. On February 16, 2026, multiple phantom unit awards were exercised and settled into common units of EPD, and a portion of the resulting common units was withheld to cover tax obligations at a price of $36.75 per unit. After these exercises and tax-withholding dispositions, Boss directly owned 349,048 common units and 85,000 phantom units, each phantom unit being economically equivalent to one EPD common unit.
Enterprise Products Partners’ executive vice president and COO Graham W. Bacon reported compensation-related unit activity. On February 16, 2026, he exercised phantom units that convert into common units, increasing his direct holdings. In separate entries, blocks of common units were withheld at a stated price of $36.75 per unit to cover tax obligations.
Enterprise Products Partners L.P. director Richard H. Bachmann reported an equity compensation award and updated holdings. On February 10, 2026, he received a grant of 350,000 phantom units at a price of $0 per unit, increasing his directly held phantom units of that grant to 350,000.
Each phantom unit is the economic equivalent of one EPD common unit and will vest on February 16, 2030, then be settled for an equal number of common units. Bachmann also reports direct ownership of 2,220,184 common units, including units acquired under the employee unit purchase plan, and multiple prior phantom unit awards totaling hundreds of thousands of units that vest annually from February 16, 2026 through February 16, 2029.