Bacon Graham W. 4

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.