MARSHALL S. MCCREA III - 05 Dec 2024 Form 4 Insider Report for Energy Transfer LP (ET)

Role: Co-CEO, Director
Signature: Peggy J. Harrison, Attorney-in-fact for Mr. McCrea
Issuer symbol: ET
Transactions as of: 05 Dec 2024
Transactions value $: -$6,340,320
Form type: 4
Filing time: 09 Dec 2025, 17:30:03 UTC
Previous filing: 13 Dec 2023
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
MCCREA MARSHALL S III	Co-CEO, Director	8111 WESTCHESTER DRIVE, SUITE 600, DALLAS	Peggy J. Harrison, Attorney-in-fact for Mr. McCrea	09 Dec 2025	0001276193

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ET	Common Units	Tax liability	-$6.34M	-382K	-5.07%	$16.60	7.16M	05 Dec 2025	Direct	F1
transaction	ET	Common Units	Award	$0	+704K	+9.84%	$0.00	7.86M	05 Dec 2025	Direct	F2
holding	ET	Common Units						45.4K	05 Dec 2024	By: Son

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ET	Cash Units	Award		+235K	+102.58%		464K	05 Dec 2025	Common Units	235K		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Payment of tax liability by withholding securities incident to the vesting of Restricted Units issued under one of the Energy Transfer LP Long-Term Incentive Plans (LTIP). This method is the default option for payment of tax liability upon vesting of LTIP awards.
F2	An award of Restricted Units granted under the Energy Transfer LP Long-Term Incentive Plan that will vest 60% on December 5, 2028 and the remaining 40% on December 5, 2030 generally contingent upon the reporting person's continued employment with the issuer or one of its affiliates on each applicable vesting date.
F3	An award of cash units granted under the Energy Transfer LP Long-Term Cash Restricted Unit Plan, scheduled to vest one-third on December 5, 2026, one-third on December 5, 2027, and one-third on December 5, 2028, generally contingent upon the reporting person's continued employment with the Issuer or one of its affiliates on each applicable vesting date. The cash units will be settled solely in cash at the fair market value of the underlying common units based on the average closing price of a common unit for the ten (10) trading days immediately preceding the applicable vesting date.