Weitzel Harry 4

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.