Form 4: Enterprise Products Partners Executive Acquires Phantom Units

Daniel Boss, Executive Vice President & CFO of Enterprise Products Partners L.P., reports the acquisition of phantom units representing limited partnership interests.

Summary

• Daniel Boss, the Executive Vice President & CFO of Enterprise Products Partners L.P. (EPD), filed a Form 4.
• The form reports the acquisition of 82,700 phantom units on February 10, 2025, which are the economic equivalent of EPD common units.
• These phantom units vest in four equal annual installments beginning on February 16, 2026.
• Boss directly owns 238,729 common units representing limited partnership interests.
• He also owns phantom units vesting at various dates in the future: 20,500, 42,500, 69,375 and 97,000.
• The price of the acquired phantom units is $0.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of executive compensation. The acquisition of phantom units can be seen as a positive sign of confidence, but it's not a major event.

Positives

• The acquisition of phantom units suggests confidence in the company's future performance.

Future Outlook

The vesting schedule of the phantom units indicates a long-term incentive structure for the executive.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates compensation in the form of phantom units, a common practice in the energy industry.

Stakeholder Impact

• The vesting of phantom units aligns the executive's interests with those of the shareholders.

Key Dates