secwatch.observer — SEC 8-K summary
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Issuer:     Energy Transfer LP (ET)
CIK:        0001276187
Form:       8-K
Filed at:   2026-06-03T20:31:47+00:00
Accession:  0001276187-26-000030
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Energy Transfer Co-CEO Marshall McCrea to retire by Dec 31, 2026; Thomas Long to become sole CEO
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- Marshall McCrea to retire by December 31, 2026; will continue as co-CEO and remain on Board.
- Thomas Long to assume sole CEO role upon McCrea's retirement.
- Compensation Committee accelerates 10% and 50% of unvested equity awards; additional 40% delayed per qualified retirement provisions.
- McCrea to enter separation agreement with 12-month non-compete, non-solicit, non-disparagement, and cooperation clauses.
- Treatment of 2025 award depends on retirement date; if before Dec 5, 2026, awards continue vesting while on Board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1276187/000127618726000030/0001276187-26-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1276187/000127618726000030/et-20260601.htm
  HTML page:      https://secwatch.observer/filing/0001276187-26-000030

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