Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers

On January 6, 2023, the Board of Directors (the "Board") of Crestwood Equity GP LLC, the general partner of Crestwood Equity Partners LP (the "Partnership") approved the Second Amendment (the "Amendment") to the Crestwood Equity Partners LP 2018 Long Term Incentive Plan (the "Plan"). Pursuant to the Amendment, if a participant is Involuntary Terminated during the twelve (12) month period immediately following the date a Change of Control (as defined in the Plan) occurs, then all the participant's awards shall become fully vested on the date of such termination. A participant is "Involuntarily Terminated" if the participant's employment or service is terminated by the Partnership without Employer Cause (as defined in the participant's Award Agreement or, if not defined, as determined by the Compensation Committee in its sole discretion) or by the participant due to Employee Cause (as defined in the participant's Award Agreement, to the extent such provision is included in the participant's Award Agreement).

The foregoing summary of the material provisions of the Amendment is intended to be general in nature and is qualified by the full text of the Amendment, which is incorporated by reference herein as an exhibit this Form 8-K.

Additionally, on January 6, 2023, Crestwood Operations LLC ("Employer") entered into a 2023 Omnibus Amendment to each Executive Employment Agreement for each of Robert Phillips, Robert Halpin, Steven Dougherty, Joel Lambert, William Moore, Diaco Aviki, and John Black ("Omnibus Amendment"). Pursuant to the Omnibus Amendment, equity awards issued on or after January 1, 2023, will not become vested in connection with a Change of Control (as defined in the Plan). Such awards will, however, become vested in connection with any termination by the Employer for reasons other than Employer Cause or any resignation by the employee due to Employee Cause (each as defined in the Executive Employment Agreement). The Omnibus Amendment also makes certain additional changes to the Executive Employment Agreements, including updating the definition of "Employee Cause" in each employment agreement to provide that a change in the employee's reporting relationship will be a basis for resignation, clarifying the manner performance awards will become vested in connection with a termination by the Employer for reasons other than Employer Cause or resignation by the employee due to Employee Cause, and conforming the terms of the confidentiality provisions to comply with changes in applicable law.

The foregoing summary of the material provisions of the Omnibus Amendment is intended to be general in nature and is qualified by the full text of the Omnibus Amendment, which is incorporated by reference herein as Exhibit 10.2 to this Form 8-K

Item 9.01 Financial Statements and Exhibits




(d) Exhibits.

Exhibit
Number       Description

10.1           Second Amendment to the Crestwood Equity Partners LP Long Term
             Incentive Plan dated as of January 6, 2023

10.2           2023 Omnibus Amendment to 2023 Employment Agreement dates as of
             January 6, 2023

104          Cover Page Interactive Data File (embedded within the Inline XBRL
             document).



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