Energy Transfer director gets 1.1M common units
Energy Transfer LP reported that director Kelcy L. Warren received 1,109,279 common units in connection with a subsidiary’s acquisition of a business entity he owned.
Rhea-AI Filing Summary
Energy Transfer LP reported that director Kelcy L. Warren received 1,109,279 common units in connection with a subsidiary’s acquisition of a business entity he owned. The units were valued at $19.8327 per unit, for total consideration of $22,000,000 in Energy Transfer common units.
Following this award, Mr. Warren directly holds 14,978,717 common units. He also has substantial indirect interests in additional common units through entities such as Kelcy Warren Partners, LP and related partnerships, corporations, and LLCs, while disclaiming beneficial ownership beyond his pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,109,279 shares
Grant/Award
7 txns
Insider
WARREN KELCY L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units | 1,109,279 | $19.8327 | $22.00M |
| holding | Common Units | -- | -- | -- |
| holding | Common Units | -- | -- | -- |
| holding | Common Units | -- | -- | -- |
| holding | Common Units | -- | -- | -- |
| holding | Common Units | -- | -- | -- |
| holding | Common Units | -- | -- | -- |
Holdings After Transaction:
Common Units — 14,978,717 shares (Direct);
Common Units — 146,901,879 shares (Indirect, By: Kelcy Warren Partners, LP);
Common Units — 10,224,429 shares (Indirect, By: Kelcy Warren Partners II, LP);
Common Units — 133,136,757 shares (Indirect, By: Kelcy Warren Partners III, LLC);
Common Units — 1,233,857 shares (Indirect, By: Warren Capital Corp.);
Common Units — 328,383 shares (Indirect, By: ET Company, Ltd.);
Common Units — 601,076 shares (Indirect, By: LE GP, LLC)
Footnotes (7)
- F1. The reported units are owned directly by Kelcy Warren Partners, LP, a limited partnership owned by Mr. Warren. Mr. Warren disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein.
- F2. The reported units are owned directly by Kelcy Warren Partners II, LP, a limited partnership owned by Mr. Warren. Mr. Warren disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein.
- F3. The reported units are owned directly by Warren Capital Corp., a corporation owned by Mr. Warren. Mr. Warren disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein.
- F4. The reported units are owned directly by ET Company Ltd. The reported units represent the estimated pro rata interest of Mr. Warren in ET Company Ltd., including through his interest therein held through Three Dawaco, Inc. Mr. Warren disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein.
- F5. The reported units are owned directly by LE GP, LLC. The reported units represent the estimated pro rata interest of Mr. Warren in LE GP, LLC. Mr. Warren disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein.
- F6. The reported units are owned directly by Kelcy Warren Partners III, LLC (formerly known as Seven Bridges Holdings LLC), a limited liability company owned by Mr. Warren. Mr. Warren disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein.
- F7. In connection with a potential capital project, a subsidiary of Energy Transfer LP ("ET") acquired a business entity owned by Kelcy L. Warren in exchange for $22,000,000 of ET common units. The common units were valued at $19.8327 per unit, based on the volume-weighted average price for the 10 trading days ending May 7, 2026. As a result, Mr. Warren received 1,109,279 ET common units in the transaction.
Key Figures
Units received: 1,109,279 common units
Unit valuation price: $19.8327 per unit
Total consideration value: $22,000,000 of ET common units
+4 more
7 metrics
Units received
1,109,279 common units
Consideration for subsidiary’s acquisition of Warren-owned entity
Unit valuation price
$19.8327 per unit
Volume-weighted average price for 10 trading days ending May 7, 2026
Total consideration value
$22,000,000 of ET common units
Payment for business entity owned by Kelcy L. Warren
Direct holdings after transaction
14,978,717 common units
Direct ownership of Kelcy L. Warren following the award
Indirect holdings via Kelcy Warren Partners, LP
146,901,879 common units
Indirect ownership reported as held by Kelcy Warren Partners, LP
Indirect holdings via Kelcy Warren Partners II, LP
10,224,429 common units
Indirect ownership reported as held by Kelcy Warren Partners II, LP
Indirect holdings via Kelcy Warren Partners III, LLC
133,136,757 common units
Indirect ownership reported as held by Kelcy Warren Partners III, LLC
Key Terms
Common Units, beneficial ownership, pecuniary interest, volume-weighted average price, +1 more
5 terms
Common Units financial
"The reported units are owned directly by Kelcy Warren Partners, LP"
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
beneficial ownership financial
"Mr. Warren disclaims beneficial ownership of the reported units except"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
volume-weighted average price financial
"valued at $19.8327 per unit, based on the volume-weighted average price"
Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.
Form 4 regulatory
"INSIDER FILING DATA (Form 4): {"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Energy Transfer (ET) disclose for Kelcy L. Warren?
Energy Transfer disclosed that director Kelcy L. Warren received 1,109,279 common units. The units were issued as consideration when a subsidiary acquired a business entity he owned, increasing his direct common unit holdings to 14,978,717.
At what price were the new Energy Transfer (ET) common units valued?
The 1,109,279 Energy Transfer common units received by Kelcy L. Warren were valued at $19.8327 per unit. This value was based on the volume-weighted average price for the 10 trading days ending May 7, 2026.
What was the total value of Energy Transfer (ET) units issued to Kelcy L. Warren?
The transaction issued $22,000,000 of Energy Transfer common units to Kelcy L. Warren. This consideration related to a subsidiary’s acquisition of a business entity he owned, with units priced using a 10-day volume-weighted average.
How many Energy Transfer (ET) common units does Kelcy L. Warren now hold directly?
After the reported transaction, Kelcy L. Warren directly holds 14,978,717 Energy Transfer common units. This figure reflects his direct ownership only and excludes additional indirect holdings through various partnerships and corporate entities.
Does Kelcy L. Warren have indirect ownership of Energy Transfer (ET) units?
Yes. Kelcy L. Warren has indirect interests in Energy Transfer common units through entities such as Kelcy Warren Partners, LP and related partnerships and corporations, while he disclaims beneficial ownership beyond his pecuniary interests in those entities.
Why did Energy Transfer (ET) issue units to Kelcy L. Warren?
Energy Transfer issued units to Kelcy L. Warren because a subsidiary acquired a business entity he owned. As consideration for this potential capital project transaction, he received 1,109,279 common units valued at $22,000,000 in total.
AI-generated analysis. How Rhea-AI works. Not financial advice.
