Form 4: Enterprise Products Partners Executive Bacon Acquires Shares Through Partnership Liquidation
SEC Form 4 Filing
Graham W. Bacon, Executive Vice President & COO of Enterprise Products Partners L.P., acquired 25,970 common units due to the liquidation of EPD 2018 Unit IV L.P.
Summary
- On April 23, 2024, Graham W. Bacon, Executive Vice President & COO of Enterprise Products Partners L.P., acquired 25,970 common units representing limited partnership interests.
- This acquisition resulted from the liquidation of EPD 2018 Unit IV L.P. (EPD IV).
- Bacon'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, Bacon no longer holds any interest in EPD IV.
- After the transaction, Bacon beneficially owns 564,277 common units.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transaction is a routine insider activity related to a partnership liquidation. It doesn't indicate any significant positive or negative outlook for the company.
Industry Context
This Form 4 filing reflects an insider transaction related to the liquidation of a limited partnership within the Enterprise Products Partners structure. Such transactions are common in partnerships and often relate to internal restructuring or investment vehicles.
Key Dates
| Date | Description |
|---|---|
| 04/23/2024 | Date of transaction and liquidation of EPD IV, resulting in the acquisition of common units. |
| 04/25/2024 | Date of signature of the Form 4 filing. |
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