Hanley Michael C. 4
4 · ENTERPRISE PRODUCTS PARTNERS L.P. · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Enterprise Products (EPD) EVP Michael Hanley Receives 75,000-Unit Award
What Happened
- Michael C. Hanley, EVP & Chief Commercial Officer of Enterprise Products Partners L.P. (EPD), was granted 75,000 units on February 10, 2026. The award is recorded as a derivative grant at an acquisition price of $0 (Transaction Code A: grant/award under Rule 16b-3(d)).
- The filing treats these as phantom units (economic equivalents of common units) rather than an open‑market purchase or sale, so no cash changed hands at grant.
Key Details
- Transaction date: 2026-02-10; Price: $0.00 (derivative/phantom units).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F2 confirms each phantom unit equals one EPD common unit; other footnotes (F3–F8) describe vesting schedules and settlement mechanics (annual installments beginning Feb 16, 2026 through Feb 16, 2030 for various tranches). F1 notes employee unit purchase plan; F9 references a power of attorney on file.
- Filing timeliness: Reported with Period of Report = 2026-02-10 and filing date 2026-02-10, so appears to be timely.
Context
- This is an equity award (derivative phantom units) that will convert to common units upon vesting according to the issuer’s vesting schedule; it is not an outright market purchase or sale and does not by itself signal a buy/sell decision.
- Transaction Code A indicates a grant/award under Rule 16b-3(d), a routine form of executive compensation.
Insider Transaction Report
Form 4
Hanley Michael C.
EVP & Chief Commercial Officer
Transactions
- Award
Phantom Units
[F2][F8][F9]2026-02-10+75,000→ 75,000 total→ Common Units (75,000 underlying)
Holdings
- 136,075
Common Units Representing Limited Partnership Interests
[F1] - 8,750
Phantom Units
[F2][F3]→ Common Units (8,750 underlying) - 20,000
Phantom Units
[F2][F4]→ Common Units (20,000 underlying) - 28,125
Phantom Units
[F2][F5]→ Common Units (28,125 underlying) - 32,500
Phantom Units
[F2][F6]→ Common Units (32,500 underlying) - 100,000
Phantom Units
[F2][F7]→ Common Units (100,000 underlying)
Footnotes (9)
- [F1]Includes common units acquired under the issuer's employee unit purchase plan.
- [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 on February 16, 2030. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
- [F8]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.
- [F9]The power of attorney under which this form was signed is on file with the Commission.
Signature
/s/Jennifer W. Dickson, Attorney-in-Fact on behalf of Michael C. Hanley|2026-02-10