HANLEY MICHAEL C. (EVP & Chief Commercial Officer) exercised options at ENTERPRISE PRODUCTS PARTNERS L.P.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 4 exercises

HANLEY MICHAEL C.

Filed: 2/18/2026ACC: 0002099050-26-000004

InsiderHANLEY MICHAEL C.CIK 2099050

→

IssuerENTERPRISE PRODUCTS PARTNERS L.P.CIK 1061219

Officer· EVP & Chief Commercial Officer

Since Feb 2026

-14.27K

Net shares

Net seller

$524.3K

Total sold

Open market trades

0B · 0S

Total transactions

36.25K acquired · 50.52K disposed

Non-Derivative Transactions8

Common Units Representing Limited Partnership Interests

Direct

M · Option Exercise

+8.75K

Price / share

—

Trade value

—

% of position

6.4%

2/16/2026

136.07K→144.82K

Common Units Representing Limited Partnership Interests

Direct

F · Tax Withholding

−3.44K

Price / share

$36.75

Trade value

$126.57K

% of position

2.4%

2/16/2026

144.82K→141.38K

Common Units Representing Limited Partnership Interests

Direct

M · Option Exercise

+10K

Price / share

—

Trade value

—

% of position

7.1%

2/16/2026

141.38K→151.38K

Common Units Representing Limited Partnership Interests

Direct

F · Tax Withholding

−3.94K

Price / share

$36.75

Trade value

$144.61K

% of position

2.6%

2/16/2026

151.38K→147.45K

Common Units Representing Limited Partnership Interests

Direct

M · Option Exercise

+9.38K

Price / share

—

Trade value

—

% of position

6.4%

2/16/2026

147.45K→156.82K

Common Units Representing Limited Partnership Interests

Direct

F · Tax Withholding

−3.69K

Price / share

$36.75

Trade value

$135.61K

% of position

2.4%

2/16/2026

156.82K→153.13K

Common Units Representing Limited Partnership Interests

Direct

M · Option Exercise

+8.13K

Price / share

—

Trade value

—

% of position

5.3%

2/16/2026

153.13K→161.26K

Common Units Representing Limited Partnership Interests

Direct

F · Tax Withholding

−3.20K

Price / share

$36.75

Trade value

$117.53K

% of position

2.0%

2/16/2026

161.26K→158.06K

Total

Net shares

+21.98K

Net value

-$524.31K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Units Representing Limited Partnership Interests Direct	2/16/2026	M · Option Exercise	+8.75K	—	—	6.4%	136.07K	144.82K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	F · Tax Withholding	−3.44K	$36.75	$126.57K	2.4%	144.82K	141.38K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	M · Option Exercise	+10K	—	—	7.1%	141.38K	151.38K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	F · Tax Withholding	−3.94K	$36.75	$144.61K	2.6%	151.38K	147.45K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	M · Option Exercise	+9.38K	—	—	6.4%	147.45K	156.82K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	F · Tax Withholding	−3.69K	$36.75	$135.61K	2.4%	156.82K	153.13K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	M · Option Exercise	+8.13K	—	—	5.3%	153.13K	161.26K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	F · Tax Withholding	−3.20K	$36.75	$117.53K	2.0%	161.26K	158.06K
Total			+21.98K		-$524.31K

Derivative Transactions4

Phantom Units

Direct

M · Option Exercise

Converts to

Common Units

8.75K shares

−8.75K

Strike price

Held after

0.00

Exercisable

—

2/16/2026

Phantom Units

Direct

M · Option Exercise

Converts to

Common Units

10K shares

−10K

Strike price

Held after

10K

Exercisable

—

2/16/2026

Phantom Units

Direct

M · Option Exercise

Converts to

Common Units

9.38K shares

−9.38K

Strike price

Held after

18.75K

Exercisable

—

2/16/2026

Phantom Units

Direct

M · Option Exercise

Converts to

Common Units

8.13K shares

−8.13K

Strike price

Held after

24.38K

Exercisable

—

2/16/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Phantom Units Direct	Common Units8.75K shares	2/16/2026	M · Option Exercise	−8.75K	—	0.00
Phantom Units Direct	Common Units10K shares	2/16/2026	M · Option Exercise	−10K	—	10K
Phantom Units Direct	Common Units9.38K shares	2/16/2026	M · Option Exercise	−9.38K	—	18.75K
Phantom Units Direct	Common Units8.13K shares	2/16/2026	M · Option Exercise	−8.13K	—	24.38K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)2

Phantom Units

Direct

Underlying security

Common Units

Underlying shares

100K

Shares owned

100K

Exercise price

Expiration

—

Exercise window

—

Phantom Units

Direct

Underlying security

Common Units

Underlying shares

75K

Shares owned

75K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

175K

Owned

175K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Phantom Units Direct	Common Units	—	—	100K	100K
Phantom Units Direct	Common Units	—	—	75K	75K
Total				175K	175K