Energy Transfer (ET) director awarded 7,423 restricted units with 2029–2031 vesting

Rhea-AI Filing Summary

Energy Transfer LP director reports new restricted unit award. On 01/02/2026, a director received 7,423 common units of Energy Transfer LP as an award of restricted units under the Amended and Restated Energy Transfer LP Long-Term Incentive Plan at a price of $0 per unit.

The award is scheduled to vest 60% on January 2, 2029 and 40% on January 2, 2031, generally contingent on the director’s continued service on the board of the partnership’s general partner through each vesting date. Following this grant, the director beneficially owns 1,168,212 common units directly.

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

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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^*

Ramsey Matthew S.

(Last) (First) (Middle)

8111 WESTCHESTER DRIVE

STE 600

(Street)

DALLAS TX 75225

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Energy Transfer LP [ ET ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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	01/02/2026		A		7,423(1)	A	$0	1,168,212	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

Explanation of Responses:

1. An award of restricted units granted under the Amended and Restated Energy Transfer LP Long-Term Incentive Plan scheduled to vest 60% on January 2, 2029 and 40% on January 2, 2031, generally contingent upon the reporting person's continued service on the Board of the general partner of the Partnership on each applicable vesting date.

	/s/ Peggy J. Harrison, Attorney-in-Fact for Mr. Ramsey	01/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Energy Transfer LP (ET) report in this Form 4?

A director of Energy Transfer LP reported receiving an award of 7,423 restricted common units on 01/02/2026 under the company’s long-term incentive plan.

At what price were the 7,423 Energy Transfer LP units acquired?

The 7,423 common units were acquired at a reported price of $0 per unit as part of a restricted unit award under the long-term incentive plan.

How and when will the new restricted units for the Energy Transfer LP director vest?

The restricted units are scheduled to vest 60% on January 2, 2029 and 40% on January 2, 2031, generally contingent on the director’s continued service on the board of the general partner through each vesting date.

How many Energy Transfer LP units does the reporting person own after this transaction?

After the reported transaction, the director beneficially owns 1,168,212 common units of Energy Transfer LP, held in direct ownership.

What is the relationship of the reporting person to Energy Transfer LP (ET)?

The reporting person is identified as a director of Energy Transfer LP and filed the Form 4 as an individual reporting person.

Is this Energy Transfer LP Form 4 related to derivative securities?

No derivative securities are shown as acquired or disposed of in the provided tables. The reported transaction involves non-derivative common units only.