TEAGUE AJ 4

What Happened

• AJ Teague, CEO of Enterprise Products Partners L.P. (EPD), received a grant of 295,000 derivative units (phantom units) on February 10, 2026. The award was granted at $0.00 per unit (no cash paid) and is reported as Transaction Code A — a grant/award under Rule 16b-3(d).
• These are phantom units (economic equivalents of common units) that will convert into EPD common units upon vesting and settlement — i.e., they are not immediate open-market purchases or sales.

Key Details

• Transaction date: 2026-02-10; Filing date/Period of Report: 2026-02-10 (timely filing).
• Units granted: 295,000 phantom units; Price per unit: $0.00; Total cash exchanged: $0.
• Shares owned after transaction: not specified in the filing.
• Notable footnotes: F2 confirms each phantom unit equals the economic equivalent of one EPD common unit. Footnotes F3–F7 describe possible vesting schedules (remaining annual installments beginning Feb 16, 2026 or Feb 16, 2027, with one- to four-year installment structures) that govern when and how phantom units will vest and be settled for common units.
• Form signed under a power of attorney on file (F8).

Context

• This is a standard equity compensation award to an executive, not a market purchase or sale; such grants are routine for executive compensation and do not by themselves signal a buy or sell action. Upon vesting and settlement, the phantom units will convert to an equal number of EPD common units (per the footnotes).