Thomas E. Long - Dec 12, 2022 Form 4 Insider Report for Energy Transfer LP (ET)

Role: Co-CEO, Director
Signature: Peggy J. Harrison, Attorney-in-fact for Mr. Long
Stock symbol: ET
Transactions as of: Dec 12, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/14/2022, 03:01 PM
Previous filing: Dec 7, 2022
Next filing: Apr 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ET	Common Units	Award	$0	+959K	+34.95%	$0.00	3.7M	Dec 12, 2022	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		+320K	+103.55%		628K	Dec 12, 2022	Common Units	320K		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 Energy Transfer LP Long-Term Incentive Plan that will vest 60% on December 5, 2025 and the remaining 40% on December 5, 2027 generally contingent upon the reporting person's continued employment with the issuer or one of its affiliates on each applicable vesting date.
F2	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, 2023, one-third on December 5, 2024, and one-third on December 5, 2025, 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.

Content

An award of Restricted Units granted under the Energy Transfer LP Long-Term Incentive Plan that will vest 60% on December 5, 2025 and the remaining 40% on December 5, 2027 generally contingent upon the reporting person's continued employment with the issuer or one of its affiliates on each applicable vesting date.

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, 2023, one-third on December 5, 2024, and one-third on December 5, 2025, 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.