RICHARD H. BACHMANN - 16 Feb 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
Issuer symbol
EPD
Transactions as of
16 Feb 2024
Transactions value $
-$3,308,041
Form type
4
Filing time
21 Feb 2024, 16:11:06 UTC
Previous filing
08 Feb 2024
Next filing
22 Mar 2024
SEC
View on sec.gov

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 +225,000 +12.32% 2,051,663 16 Feb 2024 Direct F1
transaction EPD Common Units Representing Limited Partnership Interests Tax liability -$2,412,660 -88,538 -4.32% $27.25 1,963,125 16 Feb 2024 Direct
transaction EPD Common Units Representing Limited Partnership Interests Options Exercise +83,500 +4.25% 2,046,625 16 Feb 2024 Direct F1
transaction EPD Common Units Representing Limited Partnership Interests Tax liability -$895,380 -32,858 -1.61% $27.25 2,013,767 16 Feb 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 -225,000 -100% $0* 0 16 Feb 2024 Common Units 225,000 Direct F1, F2
transaction EPD Phantom Units Options Exercise $0 -83,500 -33.33% $0 167,000 16 Feb 2024 Common Units 83,500 Direct F1, F4
holding EPD Phantom Units 300,000 16 Feb 2024 Common Units 300,000 Direct F1, F3
holding EPD Phantom Units 375,000 16 Feb 2024 Common Units 375,000 Direct F1, F5
holding EPD Phantom Units 400,000 16 Feb 2024 Common Units 400,000 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