Energy Transfer (NYSE: ET) officer covers taxes via 46,255-unit withholding

Rhea-AI Filing Summary

Energy Transfer LP executive reports tax-related unit withholding. An executive vice president of operations at Energy Transfer LP reported a disposition of 46,255 common units of the company on 12/05/2025 at a price of $16.6 per unit. According to the explanation, the units were withheld to cover tax liability triggered by the vesting of Restricted Units granted under an Energy Transfer LP Long-Term Incentive Plan, which is described as the default method for paying taxes on these awards.

After this tax withholding, the reporting person beneficially owns 652,731 common units, held directly. The form is filed for a single reporting person and indicates the individual serves as EVP - Operations of Energy Transfer LP.

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^*

McIlwain Gregory G.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/05/2025

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	12/05/2025		F		46,255(1)	D	$16.6	652,731	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. Payment of tax liability by withholding securities incident to the vesting of Restricted Units issued under one of the Energy Transfer LP Long-Term Incentive Plans (LTIP). This method is the default option for payment of tax liability upon vesting of LTIP awards.

	Peggy J. Harrison, Attorney-in-fact for Mr. McIlwain	12/09/2025
	** 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 (ET) report in this Form 4?

The filing reports that an Energy Transfer LP executive vice president of operations had 46,255 common units disposed of on 12/05/2025 at $16.6 per unit, classified under transaction code F.

Why were 46,255 Energy Transfer (ET) common units disposed of?

The units were withheld to pay a tax liability arising from the vesting of Restricted Units issued under one of Energy Transfer LP's Long-Term Incentive Plans. The filing notes this withholding is the default option for tax payment when such awards vest.

How many Energy Transfer (ET) units does the reporting person own after the transaction?

Following the reported tax-withholding transaction, the reporting person beneficially owns 652,731 common units of Energy Transfer LP, held with direct ownership.

What is the reporting person’s role at Energy Transfer (ET)?

The individual is identified as an Officer of Energy Transfer LP, serving as EVP - Operations.

Was this Energy Transfer (ET) insider Form 4 filed by one or multiple reporting persons?

The document indicates that the Form 4 was filed by one reporting person, not a group filing.

Does this Energy Transfer (ET) Form 4 involve derivative securities?

The table for derivative securities is present but contains no derivative transactions reported; the only detailed entry relates to common units and tax withholding tied to Restricted Units vesting.