Energy Transfer (ET) director discloses 7,423-unit equity grant

Rhea-AI Filing Summary

Energy Transfer LP director reported new equity activity in the partnership’s common units. On January 2, 2026, the director received an award of 7,423 restricted common units under the Amended and Restated Energy Transfer LP Long-Term Incentive Plan at a price of $0 per unit. These restricted units are scheduled to vest 60% on January 2, 2029 and 40% on January 2, 2031, generally contingent on continued service on the Board of the general partner through each vesting date.

Following the reported transactions, the director beneficially owns 751,138 common units directly and an additional 629,112 common units indirectly through the Grimm Family Limited Partnership. The filing classifies the reporting person’s relationship to Energy Transfer LP as a Director and indicates the form is filed for one reporting person.

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^*

Grimm Michael K

(Last) (First) (Middle)

P.O. BOX 8813

(Street)

HORSESHOE BAY TX 78657

(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	12/29/2025		G	V	10	A	$0	243,715	D
Common Units	01/02/2026		A		7,423(1)	A	$0	751,138	D
Common Units								629,112	I	By: Grimm Family Limited Partnership

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. Grimm	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) disclose in this filing?

The filing reports that a director of Energy Transfer LP received an award of 7,423 restricted common units on January 2, 2026 under the company’s long-term incentive plan.

How do the 7,423 restricted units granted to the Energy Transfer (ET) 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 on each vesting date.

What is the Energy Transfer (ET) director’s beneficial ownership after these transactions?

After the reported transactions, the director beneficially owns 751,138 common units directly and 629,112 common units indirectly through the Grimm Family Limited Partnership.

Under what plan were the restricted units for the Energy Transfer (ET) director granted?

The 7,423 restricted units were granted under the Amended and Restated Energy Transfer LP Long-Term Incentive Plan.

Were any derivative securities reported in this Energy Transfer (ET) insider filing?

The section for derivative securities is included but does not list any specific derivative security transactions in the provided content.

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, as indicated in the relationship section of the filing.