Form 4: EPD Executive Nelly Awarded 80,000 Phantom Units

Christian M. Nelly, EVP-FIN/SUSTAIN. AND TREASURER of Enterprise Products Partners L.P., was granted 80,000 phantom units vesting over four years.

Summary

• Christian M. Nelly, EVP-FIN/SUSTAIN. AND TREASURER of Enterprise Products Partners L.P. (EPD), reported changes in beneficial ownership.
• Acquired 80,000 phantom units on February 10, 2026, through a grant or award.
• These newly acquired phantom units will vest in four equal annual installments, commencing on February 16, 2027.
• Directly owns 267,802 common units and, following this transaction, 80,000 phantom units.
• Indirectly owns 20,000.5 common units held for the benefit of a mother-in-law, with beneficial ownership disclaimed except for pecuniary interest.
• Holds additional previously granted phantom units totaling 213,350 units, with various vesting schedules beginning February 16, 2026.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as an executive receiving an equity grant demonstrates continued commitment and aligns their interests with long-term shareholder value, which is generally well-received by the market.

Positives

• The executive received a grant of 80,000 phantom units, which aligns management's long-term interests with those of shareholders.
• The multi-year vesting schedule for the phantom units indicates a sustained commitment from the executive to the company's future performance.

Future Outlook

The newly acquired 80,000 phantom units are scheduled to vest in four equal annual installments beginning on February 16, 2027. Additionally, previously granted phantom units totaling 213,350 units have vesting schedules commencing on February 16, 2026, with some vesting over multiple annual installments.

Industry Context

StockSavvy.ai notes that equity grants to executives are a standard practice in the energy midstream sector, aiming to align management incentives with long-term company performance and shareholder value, particularly in master limited partnerships (MLPs) like EPD.

Related Party Transactions

• Christian M. Nelly indirectly holds 20,000.5 common units through a mother-in-law, though beneficial ownership is disclaimed except for pecuniary interest.

Stakeholder Impact

• Shareholders: Potential positive impact due to increased alignment of executive incentives with long-term company performance.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• Vesting of 21,250 phantom units on February 16, 2026.
• First of two annual installments for 46,250 phantom units on February 16, 2026.
• First of three annual installments for 68,250 phantom units on February 16, 2026.
• First of four annual installments for 77,600 phantom units on February 16, 2026.
• First of four annual installments for the newly acquired 80,000 phantom units on February 16, 2027.

Key Dates

Keywords

Enterprise Products Partners L.P., EPD, Form 4, Insider Transaction, Phantom Units, Executive Compensation, Christian M. Nelly, Equity Grant, Midstream, Energy MLP