Ferrellgas Partners awards Andrew Safran 5,782 units

The award's cash-settlement right follows vesting and is tied to specified service, control or anniversary events.

Rhea-AI Filing Summary

FERRELLGAS PARTNERS L P (symbol: FGPR) is the issuer of record for a Form 4 filing submitted to the SEC. Safran Andrew reported acquisition or exercise transactions in this Form 4 filing.

FERRELLGAS PARTNERS L P director Andrew Safran received a compensation-related award of 5,782 Phantom Units on September 23, 2026, bringing his directly held total to 6,801 Phantom Units after the award. Each Phantom Unit represents the economic equivalent of one Class A Unit. The units vest on September 23, 2027; each vested unit carries a right to a cash payment after the first of termination of Board service, a change of control, or the third anniversary of the grant date. The payment amount is based on the average closing price of a Class A Unit for the 10 trading days immediately preceding that event, subject to the award agreement.

Insider Trade Summary

Grant/Award: 5,782 shares

Grant/Award 1 txn

Insider Safran Andrew

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Units F1, F2, F3, F4	5,782	$0.00	$0.00

Holdings After Transaction: Phantom Units — 6,801 contracts (Direct)

Footnotes (4)

1. F1. Each Phantom Unit represents the economic equivalent of one Class A Unit.
2. F2. Accrues dividend equivalent rights.
3. F3. Vests on September 23, 2027. Each vested Phantom Unit represents the right to receive a cash payment following the first to occur of (1) termination of service from the Board of Directors, (2) a change of control, or (3) the third anniversary of the September 23, 2026 grant date, in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding the first to occur of the foregoing, subject to the terms and conditions of the Phantom Unit Award Agreement.
4. F4. See above note.

Key Figures

Phantom Units awarded: 5,782 Phantom Units Phantom Units held after award: 6,801 Phantom Units Vesting date: September 23, 2027 +2 more

5 metrics

Phantom Units awarded 5,782 Phantom Units Awarded September 23, 2026

Phantom Units held after award 6,801 Phantom Units Direct holdings following the September 23, 2026 transaction

Vesting date September 23, 2027 Phantom Unit award

Class A Unit equivalence 1 Class A Unit per Phantom Unit Economic equivalent

Average closing price period 10 trading days Immediately preceding the first specified payment-triggering event

Key Terms

Phantom Units, dividend equivalent rights, vests, change of control, +1 more

5 terms

Phantom Units financial

"Each Phantom Unit represents the economic equivalent of one Class A Unit."

Phantom units are a form of employee compensation that mimics ownership in a company without issuing real shares: recipients receive cash or stock value tied to the company’s share price or performance when the units vest. They matter to investors because phantom units align employee incentives with shareholder value while avoiding share dilution; however, they create future cash obligations and can affect a company’s financial statements and cash flow.

dividend equivalent rights financial

"Accrues dividend equivalent rights."

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

vests financial

"Vests on September 23, 2027."

change of control financial

"a change of control"

A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.

average closing price financial

"the average closing price of a Class A Unit for the 10 trading days"

The average closing price is the arithmetic mean of a security’s end-of-day prices over a chosen period, found by adding each day’s closing price and dividing by the number of days. It smooths out daily ups and downs to show a typical market value—like averaging daily temperatures to understand a month’s climate—and helps investors spot trends, judge whether a stock is generally rising or falling, and make clearer buy or sell decisions.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Phantom Units did FGPR director Andrew Safran receive?

Andrew Safran received 5,782 Phantom Units on September 23, 2026. He directly held 6,801 Phantom Units after the award.

Do FGPR Phantom Units accrue dividend equivalents?

Yes. Each Phantom Unit accrues dividend equivalent rights.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/25/2026 - 12:34 PM Accepted by SEC EDGAR 09/25/2026 - 12:34 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Safran Andrew

(Last) (First) (Middle)

ONE LIBERTY PLAZA

(Street)

LIBERTY MISSOURI 64068

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FERRELLGAS PARTNERS L P [ NONE ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

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
Phantom Units	(1)	09/23/2026		A(2)		5,782		(3)	(4)	Class A Units	5,782	$0	6,801	D

Explanation of Responses:

1. Each Phantom Unit represents the economic equivalent of one Class A Unit.

2. Accrues dividend equivalent rights.

3. Vests on September 23, 2027. Each vested Phantom Unit represents the right to receive a cash payment following the first to occur of (1) termination of service from the Board of Directors, (2) a change of control, or (3) the third anniversary of the September 23, 2026 grant date, in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding the first to occur of the foregoing, subject to the terms and conditions of the Phantom Unit Award Agreement.

4. See above note.

	/s/ Andrew Safran	09/25/2026
	** 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.
* Form 4: SEC 1474 (03-26)