Form 4: Enterprise Products Partners Executive Acquires Shares Through Partnership Liquidation
SEC Form 4 Filing
Harry Weitzel, EVP, General Counsel & SEC of Enterprise Products Partners, acquired 20,776 common units due to the liquidation of EPD 2018 Unit IV L.P.
Summary
- On April 23, 2024, Harry Weitzel, EVP, General Counsel & SEC of Enterprise Products Partners, acquired 20,776 common units representing limited partnership interests.
- This acquisition occurred due to the liquidation of EPD 2018 Unit IV L.P. (EPD IV).
- Weitzel's Class B limited partner interest in EPD IV automatically converted into the right to receive these common units based on his percentage share prior to the liquidation.
- Following the liquidation and distributions, Weitzel no longer holds any interest in EPD IV.
- After the transaction, Weitzel beneficially owns 260,537 common units.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to partnership liquidation and executive's beneficial ownership. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This transaction reflects internal restructuring within Enterprise Products Partners and its related entities. It's a routine event related to partnership interests and doesn't necessarily indicate a major shift in the company's overall strategy or performance.
Key Dates
| Date | Description |
|---|---|
| 04/23/2024 | Date of transaction and liquidation of EPD IV. |
| 04/25/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.