Enterprise Products Co 4

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.