Marshall S. Mccrea III - Dec 16, 2021 Form 4 Insider Report for Energy Transfer LP (ET)

Role: Co-CEO, Director
Signature: Peggy J. Harrison, Attorney-in-fact for Mr. McCrea
Stock symbol: ET
Transactions as of: Dec 16, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/20/2021, 04:01 PM
Previous filing: Dec 14, 2021
Next filing: Dec 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ET	Common Units	Award	$0	+1.12M	+24.27%	$0.00	5.74M	Dec 16, 2021	Direct	F1
holding	ET	Common Units						45.4K	Dec 16, 2021	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		+374K			374K	Dec 16, 2021	Common Units	374K		Direct	F3
holding	ET	Phantom Units						215K	Dec 16, 2021	Common Units	215K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	An award of restricted units granted under the Amended and Restated Energy Transfer LP Long-Term Incentive Plan, scheduled to vest 60% on December 5, 2024 and 40% on December 5, 2026, generally contingent upon the reporting person's continued employment with the Issuer or one of its affiliates on each applicable vesting date.
F2	Phantom units previously granted under the Amended and Restated Energy Transfer LP Long-Term Incentive Plan that may vest in Partnership units, cash or other securities, 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, 2022, one-third on December 5, 2023, and one-third on December 5, 2024, 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.