Boss Daniel 4

What Happened
Daniel Boss, Executive Vice President & Chief Financial Officer of Enterprise Products Partners L.P. (EPD), had a total of 89,300 phantom units vest/convert on February 16, 2026. The conversion (reported with transaction code M) resulted in issuance of common units, and 35,141 of those units were withheld (transaction code F) to satisfy tax withholding obligations at $36.75 per share, totaling $1,291,432. Net units issued to Boss after withholding were 54,159.

Key Details

• Transaction date: February 16, 2026; Form 4 filed February 18, 2026 (filed within typical 2‑business‑day window).
• Conversion/vesting: 89,300 phantom units converted to EPD common units (multiple vesting installments).
• Tax withholding: 35,141 shares withheld at $36.75/share to satisfy taxes; total cash value withheld = $1,291,432 (line items: $307,304; $334,425; $350,705; $298,998).
• Net shares delivered to insider: 54,159 common units (89,300 converted − 35,141 withheld).
• Transaction codes: M = exercise/conversion of derivative security (Rule 16b‑3 exempt); F = payment of tax liability by withholding securities.
• Phantom unit detail: Phantom units are economic equivalents of EPD common units and were settled upon vesting (per filing footnotes explaining staggered vesting/settlement).
• Shares owned after the transaction: Not specified in the excerpt provided.

Context

• These actions reflect vesting/conversion of previously granted phantom-unit awards, not an open‑market buy or sale. The withholding of shares to cover taxes is a routine, administrative step (a cashless settlement method) and does not necessarily indicate a change in the insider’s view of the company.
• M-coded conversions under Rule 16b‑3 are common for executives receiving equity compensation; F-coded withheld shares are standard to satisfy tax liabilities.