Hanley Michael C. 4

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.