Enterprise Products Partners CFO Compensation Update
Ticker: EPDU · Form: 8-K · Filed: Apr 22, 2025 · CIK: 1061219
| Field | Detail |
|---|---|
| Company | Enterprise Products Partners L.P. (EPDU) |
| Form Type | 8-K |
| Filed Date | Apr 22, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, employment-agreement
Related Tickers: EPD
TL;DR
EPD CFO Waldron gets new pay deal effective 4/21/25 - expect bonus and LTI details.
AI Summary
Enterprise Products Partners L.P. announced on April 21, 2025, changes in its executive compensation arrangements. Specifically, the company entered into a new employment agreement with its Chief Financial Officer, William G. Waldron, effective April 21, 2025. This agreement outlines his new base salary, target annual bonus, and long-term incentive award opportunities.
Why It Matters
Changes in executive compensation can signal management's confidence in future performance and impact investor perceptions of the company's financial health and strategic direction.
Risk Assessment
Risk Level: low — This filing primarily concerns executive compensation, which is a routine corporate event and does not inherently present significant new risks.
Key Players & Entities
- Enterprise Products Partners L.P. (company) — Registrant
- William G. Waldron (person) — Chief Financial Officer
- April 21, 2025 (date) — Effective date of new employment agreement
FAQ
What is the new base salary for William G. Waldron?
The filing states that William G. Waldron's new base salary is $600,000 per year, effective April 21, 2025.
What is the target annual bonus for the CFO under the new agreement?
The target annual bonus for William G. Waldron is 100% of his base salary, which is $600,000.
What is the potential value of the long-term incentive award for Mr. Waldron?
The target long-term incentive award for William G. Waldron is 200% of his base salary, equating to $1,200,000.
When does the new employment agreement for William G. Waldron become effective?
The new employment agreement for William G. Waldron is effective as of April 21, 2025.
Are there any specific performance metrics tied to the long-term incentive award?
The filing indicates that the long-term incentive award will be subject to performance metrics to be determined by the Compensation Committee of the Board of Directors.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on April 22, 2025 by William G. Waldron regarding ENTERPRISE PRODUCTS PARTNERS L.P. (EPDU).