Energy Transfer LP (ET) Form 8-K — Jun 3, 2026
Energy Transfer LP announced that Co-CEO Mackie McCrea intends to retire on or before December 31, 2026. Upon his retirement, fellow Co-CEO Thomas Long will assume the role of sole Chief Executive Officer, while McCrea will continue to serve on the Board of Directors. The company approved a separation agreement that includes accelerated vesting of equity awards: 10% for release of claims, 50% for restrictive covenants, and 40% under qualified retirement provisions.
Key figures
- Retirement date window
- on or before December 31, 2026
- Cooperation clause months
- 24
- Accelerated vesting release
- 10%
- Qualified retirement vesting
- 40%
- Restrictive covenant period months
- 12
- Accelerated vesting restrictive covenant
- 50%
Price after filing
Close on the filing date to close N calendar days later (from $19.55). Historical, not a forecast.
AI analysis
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