Thomas E. Long - 05 Dec 2025 Form 4 Insider Report for Energy Transfer LP (ET)

Reporting relationship: Co-CEO, Director
Issuer ticker: ET
Reported as of: 05 Dec 2025
Net transaction value: -$5,488,574
SEC form: 4
Accepted by SEC: 09 Dec 2025, 17:30:15 UTC
Prior SEC filing: 24 Apr 2025
Next SEC filing: 23 Apr 2026
Source filing: View source filing
Reporting owner signature: Peggy J. Harrison, Attorney-in-fact for Mr. Long

Key filing fact

Thomas E. Long filed Form 4 for Energy Transfer LP (ET) on 09 Dec 2025.

Key facts

This page summarizes Thomas E. Long's Form 4 filing for Energy Transfer LP (ET).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 09 Dec 2025, 17:30.

Change

Previous filing in this sequence was filed on 24 Apr 2025.
Current net transaction value: -$5,488,574.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001345700 Primary reporting owner

Long Thomas E

Relationship: Co-CEO, Director
Address: 8111 WESTCHESTER DRIVE, SUITE 600, DALLAS
Signature: Peggy J. Harrison, Attorney-in-fact for Mr. Long
Signature date: 09 Dec 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ET transaction

Common Units

Tax liability

Transaction value: $5,488,574
Shares: -330,637
Change %: -7.1%
Price: $16.60
Shares after: 4,318,653
Date: 05 Dec 2025
Ownership: Direct
Footnotes: F1

ET transaction

Common Units

Award

Transaction value: $0
Shares: +704,438
Change %: +16%
Price: $0.000000
Shares after: 5,023,091
Date: 05 Dec 2025
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ET transaction Derivative

Cash Units

Award

Transaction value
Shares: +234,812
Change %: +103%
Price
Shares after: 463,716
Date: 05 Dec 2025
Ownership: Direct
Underlying class: Common Units
Underlying amount: 234,812
Exercise price
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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.

Footnote 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.

Footnote 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.