Richard H. Bachmann - Feb 16, 2024 Form 4 Insider Report for ENTERPRISE PRODUCTS PARTNERS L.P. (EPD)

Role
Director
Signature
/s/Jennifer W. Dickson, Attorney-in-Fact on Behalf of Richard H. Bachmann
Stock symbol
EPD
Transactions as of
Feb 16, 2024
Transactions value $
-$3,308,041
Form type
4
Date filed
2/21/2024, 04:11 PM
Previous filing
Feb 8, 2024
Next filing
Mar 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EPD Common Units Representing Limited Partnership Interests Options Exercise +225K +12.32% 2.05M Feb 16, 2024 Direct F1
transaction EPD Common Units Representing Limited Partnership Interests Tax liability -$2.41M -88.5K -4.32% $27.25 1.96M Feb 16, 2024 Direct
transaction EPD Common Units Representing Limited Partnership Interests Options Exercise +83.5K +4.25% 2.05M Feb 16, 2024 Direct F1
transaction EPD Common Units Representing Limited Partnership Interests Tax liability -$895K -32.9K -1.61% $27.25 2.01M Feb 16, 2024 Direct

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 EPD Phantom Units Options Exercise $0 -225K -100% $0.00* 0 Feb 16, 2024 Common Units 225K Direct F1, F2
transaction EPD Phantom Units Options Exercise $0 -83.5K -33.33% $0.00 167K Feb 16, 2024 Common Units 83.5K Direct F1, F4
holding EPD Phantom Units 300K Feb 16, 2024 Common Units 300K Direct F1, F3
holding EPD Phantom Units 375K Feb 16, 2024 Common Units 375K Direct F1, F5
holding EPD Phantom Units 400K Feb 16, 2024 Common Units 400K Direct F1, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom unit is the economic equivalent of one EPD common unit.
F2 These phantom units vested on February 16, 2024. These phantom units expired upon vesting and settlement thereof in exchange for an equal number of EPD common units.
F3 These phantom units vest on February 16, 2025. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
F4 These phantom units vest in three remaining equal annual installments beginning on February 16, 2024. Each remaining annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
F5 These phantom units vest on February 16, 2027. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
F6 These phantom units vest on February 16, 2028. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
F7 The power of attorney under which this form was signed is on file with the Commission.

Remarks:

Transaction Code M - Exercise or conversion of derivative security exempted pursuant to Rule 16b-3; Transaction Code F - Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3