Nelly Christian M. 4
4 · ENTERPRISE PRODUCTS PARTNERS L.P. · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Enterprise Products (EPD) EVP Nelly Christian Receives 80,000-Unit Award
What Happened
Nelly Christian M., Executive Vice President — Finance, Sustainability and Treasurer of Enterprise Products Partners L.P. (EPD), was granted 80,000 phantom units (a derivative award) on February 10, 2026. The grant shows an acquisition price of $0.00 (no cash paid). Each phantom unit is economically equivalent to one EPD common unit and may be settled in common units upon vesting.
Key Details
- Transaction date: 2026-02-10; Transaction code: A (grant/award under Rule 16b-3(d)).
- Amount: 80,000 phantom units; Price reported: $0.00; reported value $0 (derivative award).
- Shares owned after transaction: Not specified in the provided filing.
- Notable footnotes: F2 confirms each phantom unit equals one EPD common unit; F3–F7 describe various multi-year vesting schedules (annual installments) for phantom-unit awards; F1 notes certain common units may be held for a family member with limited pecuniary interest; F8 references a power of attorney on file.
- Filing timeliness: Period of report and filing date are both 2026-02-10 (filed timely).
Context
This was a compensation-related derivative award (phantom units), not an open-market purchase or sale. Phantom units typically convert into common units when they vest and are settled; they do not by themselves indicate immediate buying or selling pressure. For retail investors, grants show executive compensation alignment with shareholders but are not direct indicators of short-term insider buying or selling.
Insider Transaction Report
- Award
Phantom Units
[F2][F7][F8]2026-02-10+80,000→ 80,000 total→ Common Units (80,000 underlying)
- 267,802
Common Units Representing Limited Partnership Interests
- 20,000.5(indirect: By Mother-In-Law)
Common Units Representing Limited Partnership Interests
[F1] - 21,250
Phantom Units
[F2][F3]→ Common Units (21,250 underlying) - 46,250
Phantom Units
[F2][F4]→ Common Units (46,250 underlying) - 68,250
Phantom Units
[F2][F5]→ Common Units (68,250 underlying) - 77,600
Phantom Units
[F2][F6]→ Common Units (77,600 underlying)
Footnotes (8)
- [F1]These common units are held for the benefit of the specified member of the reporting person's immediate family. The reporting person disclaims beneficial ownership of these common units, except to the extent of his pecuniary interest, if any.
- [F2]Each phantom unit is the economic equivalent of one EPD common unit.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]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.
- [F8]The power of attorney under which this form was signed is on file with the Commission.