FGPR · Ferrellgas Partners L P

Each Phantom Unit represents the economic equivalent of one Class A Unit.

Accrues dividend equivalent rights.

Vests on October 9, 2026. Each vested Phantom Unit represents the right to receive a cash payment following the first to occur of (1) termination of service from the Board of Directors, (2) a change of control, or (3) October 9, 2028, in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding the first to occur of the foregoing, subject to the terms and conditions of the Phantom Unit Award Agreement.

See above note.

Each Phantom Unit represents the economic equivalent of one Class A Unit. These Phantom Units vested on September 25, 2025 and became payable on May 18, 2026 pursuant to the terms and conditions of the Phantom Unit Award Agreement. Each vested Phantom Unit represents the right to receive a cash payment in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding May 18, 2026, subject to the terms and conditions of the Phantom Unit Award Agreement.

Pursuant to the terms and conditions of the Phantom Unit Award Agreement, these Phantom Units were forfeited on May 18, 2026.

Each Phantom Unit represents the economic equivalent of one Class A Unit. These Phantom Units vested on September 25, 2025 and became payable on May 18, 2026 pursuant to the terms and conditions of the Phantom Unit Award Agreement. Each vested Phantom Unit represents the right to receive a cash payment in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding May 18, 2026, subject to the terms and conditions of the Phantom Unit Award Agreement.

Each Phantom Unit represents the economic equivalent of one Class A Unit. These Phantom Units vested on September 25, 2025 and became payable on May 18, 2026 pursuant to the terms and conditions of the Phantom Unit Award Agreement. Each vested Phantom Unit represents the right to receive a cash payment in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding May 18, 2026, subject to the terms and conditions of the Phantom Unit Award Agreement.

On March 16, 2026, all of the Issuer's outstanding Class B Units were converted into Class A Units of the Issuer at a conversion rate of five Class A Units for each Class B Unit. The Class B Units were convertible at the option of the Issuer, subject to satisfaction of a specified condition, at specified conversion rates applicable to specified time periods. The Class B Units had no expiration date.

On March 16, 2026, all of the Issuer's outstanding Class B Units were converted into Class A Units of the Issuer at a conversion rate of five Class A Units for each Class B Unit. The Class B Units were convertible at the option of the Issuer, subject to satisfaction of a specified condition, at specified conversion rates applicable to specified time periods. The Class B Units had no expiration date.

On March 16, 2026, all of the Issuer's outstanding Class B Units were converted into Class A Units of the Issuer at a conversion rate of five Class A Units for each Class B Unit. The Class B Units were convertible at the option of the Issuer, subject to satisfaction of a specified condition, at specified conversion rates applicable to specified time periods. The Class B Units had no expiration date.

On March 16, 2026, all of the Issuer's outstanding Class B Units were converted into Class A Units of the Issuer at a conversion rate of five Class A Units for each Class B Unit. The Class B Units were convertible at the option of the Issuer, subject to satisfaction of a specified condition, at specified conversion rates applicable to specified time periods. The Class B Units had no expiration date.

On March 16, 2026, all of the Issuer's outstanding Class B Units were converted into Class A Units of the Issuer at a conversion rate of five Class A Units for each Class B Unit. The Class B Units were convertible at the option of the Issuer, subject to satisfaction of a specified condition, at specified conversion rates applicable to specified time periods. The Class B Units had no expiration date.

On March 16, 2026, all of the Issuer's outstanding Class B Units were converted into Class A Units of the Issuer at a conversion rate of five Class A Units for each Class B Unit. The Class B Units were convertible at the option of the Issuer, subject to satisfaction of a specified condition, at specified conversion rates applicable to specified time periods. The Class B Units had no expiration date.

Each Phantom Unit represents the economic equivalent of one Class A Unit.

Accrues dividend equivalent rights.

Vests on October 9, 2026. Each vested Phantom Unit represents the right to receive a cash payment following the first to occur of (1) termination of service from the Board of Directors, (2) a change of control, or (3) October 9, 2028, in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding the first to occur of the foregoing, subject to the terms and conditions of the Phantom Unit Award Agreement.

See above note.

Each Phantom Unit represents the economic equivalent of one Class A Unit.

Accrues dividend equivalent rights.

Vests on October 9, 2026. Each vested Phantom Unit represents the right to receive a cash payment following the first to occur of (1) termination of service from the Board of Directors, (2) a change of control, or (3) the third anniversary of the October 9, 2025 grant date, in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding the first to occur of the foregoing, subject to the terms and conditions of the Phantom Unit Award Agreement.

See above note.

Each Phantom Unit represents the economic equivalent of one Class A Unit.

Accrues dividend equivalent rights.

Vests on October 9, 2026. Each vested Phantom Unit represents the right to receive a cash payment following the first to occur of (1) termination of service from the Board of Directors, (2) a change of control, or (3) the third anniversary of the October 9, 2025 grant date, in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding the first to occur of the foregoing, subject to the terms and conditions of the Phantom Unit Award Agreement.

See above note.

Each Phantom Unit represents the economic equivalent of one Class A Unit.

Accrues dividend equivalent rights.

Vests on October 9, 2026. Each vested Phantom Unit represents the right to receive a cash payment following the first to occur of (1) termination of service from the Board of Directors, (2) a change of control, or (3) the third anniversary of the October 9, 2025 grant date, in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding the first to occur of the foregoing, subject to the terms and conditions of the Phantom Unit Award Agreement.

See above note.

Each Phantom Unit represents the economic equivalent of one Class A Unit.

Accrues dividend equivalent rights.

Vests on October 9, 2026. Each vested Phantom Unit represents the right to receive a cash payment following the first to occur of (1) termination of service from the Board of Directors, (2) a change of control, or (3) the third anniversary of the October 9, 2025 grant date, in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding the first to occur of the foregoing, subject to the terms and conditions of the Phantom Unit Award Agreement.

See above note.

Each Phantom Unit represents the economic equivalent of one Class A Unit.

Accrues dividend equivalent rights.

Vests on October 9, 2026. Each vested Phantom Unit represents the right to receive a cash payment following the first to occur of (1) termination of service from the Board of Directors, (2) a change of control, or (3) the third anniversary of the October 9, 2025 grant date, in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding the first to occur of the foregoing, subject to the terms and conditions of the Phantom Unit Award Agreement.

See above note.

Each Phantom Unit represents the economic equivalent of one Class A Unit.

Accrues dividend equivalent rights.

Vests on October 9, 2026. Each vested Phantom Unit represents the right to receive a cash payment following the first to occur of (1) termination of service from the Board of Directors, (2) a change of control, or (3) the third anniversary of the October 9, 2025 grant date, in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding the first to occur of the foregoing, subject to the terms and conditions of the Phantom Unit Award Agreement.

See above note.

Each Phantom Unit represents the economic equivalent of one Class A Unit.

Accrues dividend equivalent rights.

Vests on October 9, 2026. Each vested Phantom Unit represents the right to receive a cash payment following the first to occur of (1) termination of service from the Board of Directors, (2) a change of control, or (3) the third anniversary of the October 9, 2025 grant date, in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding the first to occur of the foregoing, subject to the terms and conditions of the Phantom Unit Award Agreement.

See above note.

Each Phantom Unit represents the economic equivalent of one Class A Unit.

Accrues dividend equivalent rights.

Vests on September 25, 2025. Each vested Phantom Unit represents the right to receive a cash payment following the first to occur of (1) termination of service from the Board of Directors, (2) a change of control, or (3) the third anniversary of the July 21, 2025 grant date, in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding the first to occur of the foregoing, subject to the terms and conditions of the Phantom Unit Award Agreement.

See above note.

Each Phantom Unit represents the economic equivalent of one Class A Unit.

Accrues dividend equivalent rights.

Vests on September 25, 2025. Each vested Phantom Unit represents the right to receive a cash payment following the first to occur of (1) termination of service from the Board of Directors, (2) a change of control, or (3) the third anniversary of the July 1, 2025 grant date, in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding the first to occur of the foregoing, subject to the terms and conditions of the Phantom Unit Award Agreement.

See above note.

Each Phantom Unit represents the economic equivalent of one Class A Unit.

Accrues dividend equivalent rights.

Vests on September 25, 2025. Each vested Phantom Unit represents the right to receive a cash payment following the first to occur of (1) termination of service from the Board of Directors, (2) a change of control, or (3) the third anniversary of the July 1, 2025 grant date, in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding the first to occur of the foregoing, subject to the terms and conditions of the Phantom Unit Award Agreement.

See above note.

Each Phantom Unit represents the economic equivalent of one Class A Unit.

Accrues dividend equivalent rights.

Vests on September 25, 2025. Each vested Phantom Unit represents the right to receive a cash payment following the first to occur of (1) termination of service from the Board of Directors, (2) a change of control, or (3) the third anniversary of the July 1, 2025 grant date, in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding the first to occur of the foregoing, subject to the terms and conditions of the Phantom Unit Award Agreement.

See above note.

Each Phantom Unit represents the economic equivalent of one Class A Unit.

Accrues dividend equivalent rights.

Vests on September 25, 2025. Each vested Phantom Unit represents the right to receive a cash payment following the first to occur of (1) termination of service from the Board of Directors, (2) a change of control, or (3) the third anniversary of the July 1, 2025 grant date, in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding the first to occur of the foregoing, subject to the terms and conditions of the Phantom Unit Award Agreement.

See above note.

Each Phantom Unit represents the economic equivalent of one Class A Unit.

Accrues dividend equivalent rights.

Vests on September 25, 2025. Each vested Phantom Unit represents the right to receive a cash payment following the first to occur of (1) termination of service from the Board of Directors, (2) a change of control, or (3) the third anniversary of the July 1, 2025 grant date, in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding the first to occur of the foregoing, subject to the terms and conditions of the Phantom Unit Award Agreement.

See above note.

Each Phantom Unit represents the economic equivalent of one Class A Unit.

Accrues dividend equivalent rights.

Vests on September 25, 2025. Each vested Phantom Unit represents the right to receive a cash payment following the first to occur of (1) termination of service from the Board of Directors, (2) a change of control, or (3) the third anniversary of the July 1, 2025 grant date, in an amount equal to the average closing price of a Class A Unit for the 10 trading days immediately preceding the first to occur of the foregoing, subject to the terms and conditions of the Phantom Unit Award Agreement.

See above note.