FOWLER W RANDALL 4
4 · ENTERPRISE PRODUCTS PARTNERS L.P. · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Enterprise Products (EPD) CEO Randall Fowler Receives 295,000-Unit Award
What Happened
- Randall W. Fowler, CEO of Enterprise Products Partners L.P. (EPD), was granted 295,000 units on February 10, 2026. The reported acquisition price is $0.00 because these are derivative awards (phantom units/equivalents), not an open‑market purchase.
- The filing identifies these as phantom or unit-equivalent awards that have economic value tied to EPD common units and will convert into (or be settled in) an equal number of EPD common units upon vesting.
Key Details
- Transaction date: 2026-02-10; Transaction code: A (Grant/award under Rule 16b-3(d)).
- Grant: 295,000 units; reported price: $0.00; total cash exchanged: $0.
- Shares owned after transaction: not specified in the provided data.
- Notable footnotes from the filing:
- F3: Each phantom unit equals the economic equivalent of one EPD common unit.
- F4–F8: Portions of the award vest in staggered annual installments (some in 1–4 remaining annual installments beginning Feb 16, 2026, and some beginning Feb 16, 2027) and will be exchanged for an equal number of common units upon vesting.
- F1: Includes common units from the employee unit purchase plan; F2: reporting person disclaims beneficial ownership of units held by Three Streams Partners, LP; F9: power of attorney on file.
- Filing timeliness: Report filed on the same date as the transaction (2026-02-10), so not indicated as late.
Context
- These are deferred-compensation style phantom unit awards—economic equivalents to common units that convert into units upon vesting—so this is not an immediate market buy or sale. Grants are typically part of executive compensation and do not by themselves signal a near-term trading intent.
Insider Transaction Report
Form 4
FOWLER W RANDALL
DirectorCO-CHIEF EXECUTIVE OFFICER
Transactions
- Award
Phantom Units
[F3][F8][F9]2026-02-10+295,000→ 295,000 total→ Common Units (295,000 underlying)
Holdings
- 1,630,124
Common Units Representing Limited Partnership Interests
[F1] - 708,419(indirect: By Three Streams Partners, LP)
Common Units Representing Limited Partnership Interests
[F2] - 2,339(indirect: By Spouse)
Common Units Representing Limited Partnership Interests
- 66,250
Phantom Units
[F3][F4]→ Common Units (66,250 underlying) - 150,000
Phantom Units
[F3][F5]→ Common Units (150,000 underlying) - 232,500
Phantom Units
[F3][F6]→ Common Units (232,500 underlying) - 275,000
Phantom Units
[F3][F7]→ Common Units (275,000 underlying)
Footnotes (9)
- [F1]Includes common units acquired under the issuer's employee unit purchase plan.
- [F2]The reporting person disclaims beneficial ownership of issuer common units held by Three Streams Partners, LP except to the extent of his pecuniary interest therein.
- [F3]Each phantom unit is the economic equivalent of one EPD common unit.
- [F4]These phantom units vest in one remaining annual installment on February 16, 2026. The remaining annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
- [F5]These phantom units vest in two remaining equal annual installments beginning on February 16, 2026. Each remaining annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
- [F6]These phantom units vest in three remaining equal annual installments beginning on February 16, 2026. Each remaining annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
- [F7]These phantom units vest in four equal annual installments beginning on February 16, 2026. Each annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
- [F8]These phantom units vest in four equal annual installments beginning on February 16, 2027. Each annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
- [F9]The power of attorney under which this form was signed is on file with the Commission.
Signature
/s/Jennifer W. Dickson, Attorney-in-Fact on behalf of W. Randall Fowler|2026-02-10