Weitzel Harry 4
4 · ENTERPRISE PRODUCTS PARTNERS L.P. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Enterprise Products (EPD) EVP Harry Weitzel Exercises Phantom Units, Withholds Shares
What Happened Harry Weitzel, EVP, General Counsel & Secretary and a director of Enterprise Products Partners L.P. (EPD), had phantom-unit awards vest and be converted into common units on February 16, 2026. A total of 90,375 phantom units were settled into EPD common units. To cover tax withholding obligations, approximately 35,564 units were delivered/withheld (disposed) at a withholding value of $36.75 per unit, totaling about $1,306,977. The remaining ~54,811 units were retained by Weitzel.
Key Details
- Transaction date: February 16, 2026; Form 4 filed February 18, 2026 (timely).
- Derivative conversion (Transaction Code M): 90,375 phantom units converted into common units (listed as acquired).
- Tax withholding (Transaction Code F): 8,608; 9,346; 9,543; and 8,067 units withheld — total 35,564 units — at $36.75 each; total withholding value ≈ $1,306,977.
- Some derivative entries show $0 consideration because these were phantom-unit settlements (not an option cash exercise).
- Shares owned after the transaction: not specified in the Form 4.
- Footnotes: phantom units are economically equivalent to one EPD common unit and vested/settled per the award schedules noted in the filing (vesting installments and settlement language).
- Filing appears timely (no late filing flag).
Context These were settlements of deferred/phantom-unit awards rather than open-market purchases or traditional option exercises requiring cash for strike price. The withheld shares were used to satisfy tax withholding obligations (a routine, non-market trade action). Such vested-unit settlements are common compensation events and do not by themselves indicate buying/selling sentiment in the open market.
Insider Transaction Report
- Exercise/Conversion
Common Units Representing Limited Partnership Interests
[F1]2026-02-16+21,875→ 282,412 total - Tax Payment
Common Units Representing Limited Partnership Interests
2026-02-16$36.75/sh−8,608$316,344→ 273,804 total - Exercise/Conversion
Common Units Representing Limited Partnership Interests
[F1]2026-02-16+23,750→ 297,554 total - Tax Payment
Common Units Representing Limited Partnership Interests
2026-02-16$36.75/sh−9,346$343,466→ 288,208 total - Exercise/Conversion
Common Units Representing Limited Partnership Interests
[F1]2026-02-16+24,250→ 312,458 total - Tax Payment
Common Units Representing Limited Partnership Interests
2026-02-16$36.75/sh−9,543$350,705→ 302,915 total - Exercise/Conversion
Common Units Representing Limited Partnership Interests
[F1]2026-02-16+20,500→ 323,415 total - Tax Payment
Common Units Representing Limited Partnership Interests
2026-02-16$36.75/sh−8,067$296,462→ 315,348 total - Exercise/Conversion
Phantom Units
[F1][F2]2026-02-16−21,875→ 0 total→ Common Units (21,875 underlying) - Exercise/Conversion
Phantom Units
[F1][F3]2026-02-16−23,750→ 23,750 total→ Common Units (23,750 underlying) - Exercise/Conversion
Phantom Units
[F1][F4]2026-02-16−24,250→ 48,500 total→ Common Units (24,250 underlying) - Exercise/Conversion
Phantom Units
[F1][F5]2026-02-16−20,500→ 61,500 total→ Common Units (20,500 underlying)
- 83,000
Phantom Units
[F1][F6][F7]→ Common Units (83,000 underlying)
Footnotes (7)
- [F1]Each phantom unit is the economic equivalent of one EPD common unit.
- [F2]These phantom units vested in one remaining annual installment on February 16, 2026. The remaining annual installment expired 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.