Form 4: Enterprise Products Partners Director James T. Hackett Reports Acquisition of Common Units

Director James T. Hackett reports acquisition of Enterprise Products Partners common units as compensation for service as a director.

Summary

• James T. Hackett, a director of Enterprise Products Partners L.P., reported acquiring 2,733 common units representing limited partnership interests on February 10, 2025.
• The acquisition was a grant awarded as compensation for service as a director of the company's general partner.
• Following the transaction, Hackett directly owns 263,595 common units.
• Hackett also indirectly owns 4,911 common units by Trust, 5,304 common units by Trust and 34,897 common units by Hackett 2010 Investment, LP.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a standard transaction of a director receiving compensation in the form of company equity, which is generally viewed as a positive sign of alignment with shareholder interests.

Positives

• The acquisition of common units by a director signals confidence in the company's prospects.

Industry Context

This is a routine disclosure related to director compensation in the form of equity. It's common for companies to grant stock or unit options to directors as part of their compensation packages.

Stakeholder Impact

• The transaction aligns the director's interests with those of the shareholders.

Key Dates

Keywords

common units, director compensation, Form 4, Enterprise Products Partners, Hackett, insider transaction