Form 4: Enterprise Products Partners Executive Acquires Shares Through Partnership Liquidation

Christian M. Nelly, an executive at Enterprise Products Partners, acquired 12,985 common units due to the liquidation of EPD 2018 Unit IV L.P.

Summary

• On April 23, 2024, Christian M. Nelly, EVP-FIN/SUSTAIN. AND TREASURER of Enterprise Products Partners L.P., acquired 12,985 common units representing limited partnership interests.
• This acquisition occurred due to the liquidation of EPD 2018 Unit IV L.P. (EPD IV).
• Nelly's Class B limited partner interest in EPD IV automatically converted into the right to receive these common units based on their percentage share of Class B limited partner interests in EPD IV immediately prior to the liquidation.
• Following the liquidation and distributions, Nelly no longer holds any interest in EPD IV.
• After the transaction, Nelly directly owns 214,659 common units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document simply reports a transaction related to a partnership liquidation. There is no indication of positive or negative implications for the company.

Positives

• The acquisition of common units increases Nelly's direct stake in Enterprise Products Partners, aligning their interests with those of other unitholders.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be informative for investors.

Stakeholder Impact

• The transaction provides transparency to stakeholders regarding insider ownership.

Key Dates