Ferrellgas Partners awards Ferrell 5,782 units

The director’s award vests September 23, 2027, and vested units carry cash-payment rights after specified service, control, or anniversary events.

Rhea-AI Filing Summary

FERRELLGAS PARTNERS L P (FGPR) director James E. Ferrell acquired 5,782 Phantom Units on September 23, 2026, bringing his directly held balance to 27,003 Phantom Units. Each unit represents the economic equivalent of one Class A Unit and accrues dividend equivalent rights. The award vests September 23, 2027; each vested unit carries a right to a cash payment after the first of termination of service from the Board of Directors, a change of control, or the third anniversary of the grant date. Payment is based on the average closing price of a Class A Unit for the preceding 10 trading days.

Insider Trade Summary

Grant/Award: 5,782 shares

Grant/Award 1 txn

Insider FERRELL JAMES E

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 — 27,003 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 acquired: 5,782 Phantom Units Directly held Phantom Units: 27,003 Phantom Units Class A Unit equivalent: 1 Class A Unit per Phantom Unit +2 more

5 metrics

Phantom Units acquired 5,782 Phantom Units Award acquisition on September 23, 2026

Directly held Phantom Units 27,003 Phantom Units Following the acquisition

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

Vesting date September 23, 2027 Phantom Unit award

Price calculation period 10 trading days Average Class A Unit closing price immediately preceding the specified event

Key Terms

Phantom Unit, dividend equivalent rights, Phantom Unit Award Agreement

3 terms

Phantom Unit financial

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

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.

Phantom Unit Award Agreement financial

"subject to the terms and conditions of the Phantom Unit Award Agreement"

FAQ

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

How many Phantom Units did FGPR director James E. Ferrell acquire?

James E. Ferrell acquired 5,782 Phantom Units on September 23, 2026, bringing his directly held total to 27,003 Phantom Units. No Rule 10b5-1 plan is reported.

When do James E. Ferrell’s Phantom Units vest, and how is payment determined?

The 5,782 Phantom Units vest September 23, 2027. Each vested unit carries a right to a cash payment after the first of termination of service from the Board of Directors, a change of control, or the third anniversary of the September 23, 2026 grant date. Payment equals the average closing price of a Class A Unit for the 10 trading days immediately preceding that event.

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

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Available on EDGAR 09/25/2026 - 12:35 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^*

FERRELL JAMES E

(Last) (First) (Middle)

C/O FERRELLGAS, INC.

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	27,003	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/ James E. Ferrell	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)