Form 4: Enterprise Products Partners Executive Graham W. Bacon Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Executive Vice President & COO of Enterprise Products Partners L.P., Graham W. Bacon, reports transactions involving common units and phantom units, resulting in adjustments to his beneficial ownership.
Summary
- On February 16, 2025, Graham W. Bacon, Executive Vice President & COO of Enterprise Products Partners L.P., reported transactions involving common units representing limited partnership interests and phantom units.
- These transactions included the vesting and settlement of phantom units in exchange for EPD common units, as well as the withholding of securities to cover tax liabilities.
- The reported transactions resulted in changes to Bacon's direct ownership of common units, with holdings fluctuating due to acquisitions and disposals related to the vesting of phantom units and tax obligations.
- Bacon's direct ownership of common units representing limited partnership interests after the reported transactions is 621,893.
- The reporting person also holds 67,500 phantom units that vest in future annual installments.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing detailing transactions related to executive compensation. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Future Outlook
The document indicates that Mr. Bacon holds phantom units that will continue to vest in future annual installments through February 16, 2026.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership in a publicly traded partnership, which is common in the energy infrastructure sector.
Stakeholder Impact
- The transactions reported may have a minor impact on the total outstanding units of Enterprise Products Partners L.P.
Key Dates
| Date | Description |
|---|---|
| 02/16/2025 | Date of earliest transaction involving common units and phantom units. |
| 02/16/2026 | Date when additional phantom units begin to vest in annual installments. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Enterprise Products Partners, EPD, Graham W. Bacon, Executive Vice President, COO, Common Units, Phantom Units, Vesting, Tax Liability, Securities
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