Bacon Graham W. 4
4 · ENTERPRISE PRODUCTS PARTNERS L.P. · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Enterprise Products (EPD) EVP/COO Graham Bacon Receives Award
What Happened
Graham W. Bacon, Executive Vice President & COO of Enterprise Products Partners L.P. (EPD), was granted 85,000 phantom units (a derivative award) on February 10, 2026. The units were reported with an acquisition price of $0.00 (Transaction Code A — grant/award under Rule 16b-3(d)). Phantom units are the economic equivalent of EPD common units and will convert to common units upon vesting and settlement as described in the filing.
Key Details
- Transaction date: 2026-02-10; filing date/accession: 2026-02-10 (no late filing indicated).
- Security: 85,000 phantom units (derivative), acquisition price reported as $0.00.
- Shares owned after transaction: not specified in the provided summary.
- Footnotes of note: F1 clarifies each phantom unit equals one EPD common unit; F2–F6 describe staged annual vesting installments (some beginning Feb 16, 2026 or Feb 16, 2027) and conversion on vesting; F7 notes a power of attorney on file.
- Remark: Transaction Code A = grant/award.
Context
Phantom units are a form of deferred/derivative compensation that give the holder the economic equivalent of common units and typically convert to actual units (or cash tied to unit value) when they vest. This was an award/grant rather than an open-market purchase or a sale; there is no immediate cash transaction or sale reported.
Insider Transaction Report
- Award
Phantom Units
[F1][F6][F7]2026-02-10+85,000→ 85,000 total→ Common Units (85,000 underlying)
- 621,893
Common Units Representing Limited Partnership Interests
- 23,750
Phantom Units
[F1][F2]→ Common Units (23,750 underlying) - 50,000
Phantom Units
[F1][F3]→ Common Units (50,000 underlying) - 67,500
Phantom Units
[F1][F4]→ Common Units (67,500 underlying) - 75,000
Phantom Units
[F1][F5]→ Common Units (75,000 underlying)
Footnotes (7)
- [F1]Each phantom unit is the economic equivalent of one EPD common unit.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]The power of attorney under which this form was signed is on file with the Commission.