ENTERPRISE PRODUCTS PARTNERS L.P.|4Feb 10, 5:30 PM ET

Enterprise Products Co 4

4 · ENTERPRISE PRODUCTS PARTNERS L.P. · Filed Feb 10, 2026

Research Summary

AI-generated summary of this filing

Updated Feb 10, 2026

Enterprise Products (EPD) 10% Owner Randa Williams Receives 500,000 Units

What Happened

Randa D. Williams, a reported 10% owner related to Enterprise Products Partners L.P. (EPD), received a grant of 500,000 derivative units on February 10, 2026. The grant is reported as a derivative award with an acquisition price of $0.00 (no cash paid at grant). Transaction code A indicates this was a grant/award under Rule 16b-3(d).

Key Details

Transaction date: 2026-02-10; Price: $0.00 per unit; Quantity: 500,000 units (derivative/award).
Shares owned after transaction: Not specified in the excerpt provided.
Notable footnotes: Filing notes these are phantom units (each is the economic equivalent of one EPD common unit) that will expire upon vesting and settlement in exchange for an equal number of common units; footnotes also show various trusts and affiliated entities hold other common units for which Ms. Williams disclaims beneficial ownership except to the extent of any pecuniary interest. A power of attorney used to sign the form is on file with the SEC.
Filing timeliness: No late-filing flag indicated in the provided data.

Context

This was an award/grant (not an open-market purchase or sale). As a derivative grant, these phantom units typically convert to common units only upon vesting (see footnotes for vesting schedules) and therefore represent compensation/longer-term alignment rather than an immediate investment or disposition. Ms. Williams serves as a voting trustee/director of related trust entities and disclaims beneficial ownership of units held directly by those entities except for any pecuniary interest.

Insider Transaction Report

Form 4

Period: 2026-02-10

ENTERPRISE PRODUCTS PARTNERS L.P.EPD

WILLIAMS RANDA DUNCAN

Director10% Owner

Transactions

Award
Phantom Units
[F14][F19][F20]
2026-02-10+500,000→ 500,000 total
→ Common Units (500,000 underlying)

Holdings

Common Units Representing Limited Partnership Interests
1,125,057
Common Units Representing Limited Partnership Interests
[F1]
(indirect: By EPCO)
74,754,703
Common Units Representing Limited Partnership Interests
[F2]
(indirect: By EPCO Holdings)
604,549,004
Common Units Representing Limited Partnership Interests
[F3]
(indirect: By Trust)
4,915,182
Common Units Representing Limited Partnership Interests
[F4]
(indirect: By Trust)
4,915,182
Common Units Representing Limited Partnership Interests
[F5]
(indirect: By Trust)
4,915,182
Common Units Representing Limited Partnership Interests
[F6]
(indirect: By Trust)
1,638,394
Common Units Representing Limited Partnership Interests
[F7]
(indirect: By Trust)
1,638,394
Common Units Representing Limited Partnership Interests
[F8]
(indirect: By Trust)
1,638,394
Common Units Representing Limited Partnership Interests
[F9]
(indirect: By Trust)
469,923
Common Units Representing Limited Partnership Interests
[F10]
(indirect: By Trust)
469,923
Common Units Representing Limited Partnership Interests
[F11]
(indirect: By Trust)
469,923
Common Units Representing Limited Partnership Interests
[F12]
(indirect: By A&W Ltd.)
640,637
Common Units Representing Limited Partnership Interests
[F13]
(indirect: By Chaswil, Ltd.)
106,613
Common Units Representing Limited Partnership Interests
(indirect: By Spouse)
9,090
Common Units Representing Limited Partnership Interests
(indirect: By Spouse)
4,040
Phantom Units
[F14][F15]
→ Common Units (482,000 underlying)
482,000
Phantom Units
[F14][F16]
→ Common Units (535,000 underlying)
535,000
Phantom Units
[F14][F17]
→ Common Units (550,000 underlying)
550,000
Phantom Units
[F14][F18]
→ Common Units (475,000 underlying)
475,000

Footnotes (20)

[F1]These common units representing limited partner interests in the issuer ("Common Units") are owned directly by Enterprise Products Company ("EPCO"). Ms. Williams serves as one of three voting trustees who collectively have voting and dispositive power over the outstanding voting stock of EPCO. Ms. Williams disclaims beneficial ownership of the Common Units owned directly by EPCO, except to the extent of her pecuniary interest therein.
[F10]These Common Units are owned directly by The Dannine Gale Duncan 1990 Grantor Trust (the "DGD Grantor Trust"), for which Ms. Williams serves as a director of an entity trustee. Ms. Williams disclaims beneficial ownership of the Common Units owned directly by the DGD Grantor Trust, except to the extent of her pecuniary interest therein.
[F11]These Common Units are owned directly by The Milane Diane Duncan 1990 Grantor Trust (the "MDD Grantor Trust"), for which Ms. Williams serves as a director of an entity trustee. Ms. Williams disclaims beneficial ownership of the Common Units owned directly by the MDD Grantor Trust, except to the extent of her pecuniary interest therein.
[F12]These Common Units are owned directly by Alkek and Williams, Ltd. ("A&W Ltd."), an affiliate of Ms. Williams' spouse. Ms. Williams disclaims beneficial ownership of the Common Units owned directly by A&W Ltd., except to the extent of her pecuniary interest therein. Includes Common Units acquired in the issuer's distribution reinvestment plan.
[F13]These Common Units are owned directly by Chaswil, Ltd., an affiliate of Ms. Williams' spouse. Ms. Williams disclaims beneficial ownership of the Common Units owned directly by Chaswil, Ltd., except to the extent of her pecuniary interest therein. Includes Common Units acquired in the issuer's distribution reinvestment plan.
[F14]Each phantom unit is the economic equivalent of one EPD Common Unit.
[F15]These phantom units vest on February 16, 2026. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD Common Units.
[F16]These phantom units vest on February 16, 2027. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD Common Units.
[F17]These phantom units vest on February 16, 2028. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD Common Units.
[F18]These phantom units vest on February 16, 2029. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD Common Units.
[F19]These phantom units vest on February 16, 2030. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD Common Units.
[F2]These Common Units are owned directly by EPCO Holdings, Inc. ("EPCO Holdings"), which is a direct wholly owned subsidiary of EPCO. Ms. Williams disclaims beneficial ownership of the Common Units owned directly by EPCO Holdings, except to the extent of her pecuniary interest therein.
[F20]The power of attorney under which this form was signed is on file with the Commission.
[F3]These Common Units are owned directly by The Randa Duncan Williams 2018 Family Trust (the "RDW 2018 Family Trust"), for which Ms. Williams serves as a director of an entity trustee. Ms. Williams disclaims beneficial ownership of the Common Units owned directly by the RDW 2018 Family Trust, except to the extent of her pecuniary interest therein.
[F4]These Common Units are owned directly by The Dannine Gale Duncan 2018 Family Trust (the "DGD 2018 Family Trust"), for which Ms. Williams serves as a director of an entity trustee. Ms. Williams disclaims beneficial ownership of the Common Units owned directly by the DGD 2018 Family Trust, except to the extent of her pecuniary interest therein.
[F5]These Common Units are owned directly by The Milane Duncan Frantz 2018 Family Trust (the "MDF 2018 Family Trust"), for which Ms. Williams serves as a director of an entity trustee. Ms. Williams disclaims beneficial ownership of the Common Units owned directly by the MDF 2018 Family Trust, except to the extent of her pecuniary interest therein.
[F6]These Common Units are owned directly by The Randa Duncan Williams 2023 Family Trust (the "RDW 2023 Family Trust"), for which Ms. Williams serves as a director of an entity trustee. Ms. Williams disclaims beneficial ownership of the Common Units owned directly by the RDW 2023 Family Trust, except to the extent of her pecuniary interest therein.
[F7]These Common Units are owned directly by The Dannine Gale Duncan 2023 Family Trust (the "DGD 2023 Family Trust"), for which Ms. Williams serves as a director of an entity trustee. Ms. Williams disclaims beneficial ownership of the Common Units owned directly by the DGD 2023 Family Trust, except to the extent of her pecuniary interest therein.
[F8]These Common Units are owned directly by The Milane Duncan Frantz 2023 Family Trust (the "MDF 2023 Family Trust"), for which Ms. Williams serves as a director of an entity trustee. Ms. Williams disclaims beneficial ownership of the Common Units owned directly by the MDF 2023 Family Trust, except to the extent of her pecuniary interest therein.
[F9]These Common Units are owned directly by The Randa Lynn Duncan 1990 Grantor Trust (the "RLD Grantor Trust"), for which Ms. Williams serves as a director of an entity trustee. Ms. Williams disclaims beneficial ownership of the Common Units owned directly by the RLD Grantor Trust, except to the extent of her pecuniary interest therein.

Signature

/s/Jennifer W. Dickson, Attorney-in-Fact on behalf of Randa Duncan Williams and Assistant Secretary of EPCO and EPCO Holdings|2026-02-10

Documents

1 file

4
form4-02102026_100243.xmlPrimary