Thomas E. Long - 16 Dec 2021 Form 4 Insider Report for Energy Transfer LP (ET)

Role
Co-CEO, Director
Signature
Peggy J. Harrison, Attorney-in-fact for Mr. Long
Issuer symbol
ET
Transactions as of
16 Dec 2021
Net transactions value
$0
Form type
4
Filing time
20 Dec 2021, 16:01:18 UTC
Previous filing
13 Dec 2021
Next filing
17 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ET Common Units Award $0 +1,121,250 +69% $0.000000 2,756,118 16 Dec 2021 Direct F1

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 +373,750 373,750 16 Dec 2021 Common Units 373,750 Direct F3
holding ET Phantom Units 48,430 16 Dec 2021 Common Units 48,430 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.