Enterprise Products Partners L.P. Files SC 13D/A Amendment

TL;DR

EPD filing update: Duncan LLC & related entities filed 13D/A. No major changes noted, but watch for ownership shifts.

AI Summary

On April 23, 2024, Enterprise Products Partners L.P. filed an SC 13D/A amendment. The filing lists Dan Duncan LLC, Enterprise Products Co., EPCO Holdings, Inc., and various voting trustees as group members. These entities are associated with the company's common units, with Richard H. Bachmann serving as the authorized contact.

Why It Matters

This filing indicates a change in the reporting of beneficial ownership for Enterprise Products Partners L.P., potentially affecting how stakeholders view control and influence over the company.

Risk Assessment

Risk Level: low — The filing is an amendment to a previous filing and does not appear to introduce new significant risks or changes in control.

Key Numbers

• 293792-10-7 — CUSIP Number (Identifies the class of securities (Common Units))

Key Players & Entities

• ENTERPRISE PRODUCTS PARTNERS L.P. (company) — Subject Company
• Dan Duncan LLC (company) — Group Member
• Enterprise Products Co (company) — Group Member
• EPCO Holdings, Inc. (company) — Group Member
• Richard H. Bachmann (person) — Authorized Contact

FAQ

Key Financial Figures

• $25.95 — rsuant to the DRIP at prices of between $25.95 and $26.94 per Common Unit. The sourc
• $26.94 — he DRIP at prices of between $25.95 and $26.94 per Common Unit. The source of the fu
• $29.02 — are traded) is equal to or greater than $29.02 (as such dollar amount may be adjusted

Filing Documents

• d801088dsc13da.htm (SC 13D/A) — 157KB
• 0001193125-24-114026.txt ( ) — 158KB

of each of the Original Schedule 13D and the Duncan Trustee Schedule 13D is hereby amended to add

Item 4 of each of the Original Schedule 13D and the Duncan Trustee Schedule 13D is hereby amended to add the paragraphs below: The information set forth under Item 3 is incorporated into this Item 4 by reference. The purpose of the Phantom Unit Awards is to promote the interests of EPCO, the Issuer, and EPD GP by providing Ms. Williams (as a key EPCO employee) with incentive compensation awards to encourage superior performance. The purpose of the 2023-2024 DRIP Unit Purchases by Alkek and Chaswil is to hold the purchased securities for investment purposes. The purpose of the Employee Partnership 2023 Amendments was to better ensure the effectiveness of the incentive arrangement for certain EPCO employees represented by EPD IV and EPCO II. The purpose of each of the EPD IV Liquidation and the EPCO II Liquidation is to distribute the Common Units previously held by each such Employee Partnership in accordance with the terms of its partnership agreement. Other than described above, none of the Reporting Persons has any plans or proposals of the type referred to in clauses (a) through (j) of Item 4 of Schedule 13D, although they reserve the right to formulate such plans or proposals in the future. Item5. Interests in Securities of the Issuer.

of each of the Original Schedule 13D and the Duncan Trustee Schedule 13D is hereby amended and restated in its

Item 5 of each of the Original Schedule 13D and the Duncan Trustee Schedule 13D is hereby amended and restated in its entirety as follows: (a) and (b) As set forth herein, Randa Duncan Williams may be deemed to have beneficial ownership of an aggregate of 701,903,083 Common Units, representing approximately 32.3% of the outstanding Common Units, including Common Units deemed beneficially owned through her indirect influence as one of three voting trustees controlling EPCO. Ms. Williams has sole voting and dispositive power over the 852,132 Common Units that she holds directly and has shared voting and dispositive power over another 701,050,951 Common Units, consisting of (i) the 679,303,707 Common Units beneficially owned by EPCO, by virtue of her status as one of the EPCO Trustees, (ii) 7,023,500 Common Units owned directly by family trusts of which Ms. Williams and/or members of Ms. Williams immediate family are named beneficiaries, (iii) 14,047,001 Common Units owned directly by additional family trusts for which Ms. Williams serves as a director of an entity trustee, (iv) 568,933 Common Units owned directly by Alkek, (v) 9,090 Common Units owned by Ms. Williams spouse, (vi) 4,040 Common Units held jointly by Ms. Williams and her spouse and (vii) 94,680 Common Units owned directly by Chaswil. Ms. Williams disclaims beneficial ownership of the Common Units beneficially owned by the EPCO Trustees, the family trusts, Alkek and Chaswil, as described above, except to the extent of her voting and dispositive interests in such Common Units. As set forth herein, the EPCO Trustees have shared voting and dispositive power over the 679,303,707 Common Units beneficially owned by EPCO, representing approximately 31.3% of the outstanding Common Units. The Common Units beneficially owned by EPCO include: (i) 74,754,703 Common Units owned directly by EPCO and (ii) 604,549,004 Common Units owned directly by EPCO Holdings. EPCO Holdings is a wholly owned subsidiary of EPCO. Ex

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View this SC 13D/A filing on SEC EDGAR