| | IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF UNITHOLDERS TO BE HELD ON MAY | | |
| | The Notice of Annual Meeting, the proxy statement for the Annual Meeting and our | | |
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| Proposal | | | Common Units Entitled to Vote (including Series A Preferred Units on an as-converted basis) | | | Explanation | |
| Proposals 1, 2, 3 and | | | | | Excludes common units held by Plains AAP as of the Record Date. The number of common units owned by Plains AAP is, by design, equivalent to the number of outstanding PAGP Class A and Class B shares. PAGP Class A and Class B shareholders will vote on proposals 1, 2, 3 and | |
| Proposal | | | Voting Options | | | Vote Required for Approval of Proposal at the | | ||||
| 1. The election of | | | You may vote “FOR”, or you may “WITHHOLD” authority to vote for, all, some or none of the nominees for director. | | | Directors will be elected by a plurality of the votes cast, in person or by proxy, by the holders of the Class A, Class B and Class C shares present and entitled to vote, voting as a single class. Broker non-votes are not considered votes cast and will have no effect on the election of directors. | | ||||
| 2. The ratification of the appointment of PricewaterhouseCoopers LLP as PAGP’s and PAA’s independent registered public accounting firm for the fiscal year ending December 31, | | | You may vote “FOR” or “AGAINST” the proposal, or you may “ABSTAIN” from voting. | | | In order for this proposal to be approved, it must receive a majority of the votes cast, in person or by proxy, by the holders of the Class A, Class B and Class C shares present and entitled to vote, voting as a single class. Abstentions will be counted as votes present and entitled to vote and will have the same effect as votes “AGAINST” this proposal. We do not expect there to be any broker non-votes | | ||||
| 3. The approval, on a non-binding advisory basis, of our | | | You may vote “FOR” or “AGAINST” the proposal, or you may “ABSTAIN” from voting. | | | In order for this non-binding proposal to be approved, it must receive a majority of the votes cast, in person or by proxy, by the holders of the Class A, Class B and Class C shares present and entitled to vote, voting as a single class. Abstentions will be counted as votes present and entitled to vote and will have the same effect as votes “AGAINST” this proposal. Broker non-votes are not considered votes cast and will have no effect on the outcome of this proposal. | |
| Proposal | | | Voting Options | | | Vote Required for Approval of Proposal at the PAGP Annual Meeting | |
| 4. Voting, on a non-binding advisory basis, on the frequency with which future advisory votes to approve our named executive officer compensation should be held. | | | You may vote to hold future advisory votes to approve our named executive officer compensation every “ONE YEAR”, “TWO YEARS” or “THREE YEARS”, or you may “ABSTAIN” from voting. | | | The option (one, two or three years) that receives a majority of the votes cast, in person or by proxy, by the holders of the Class A, Class B and Class C shares present and entitled to vote, voting as a single class; provided, however, if no option receives a majority of votes cast, the option that receives the greatest number of votes cast. Abstentions and broker non-votes will not be counted as votes cast “FOR” any alternative of a one, two or three year frequency. | |
| | Voting Class | | | | Percentage of Overall Voting Rights | | | | Number of Voting Shares/Units | | | |||
| | PAGP Class A Shares (Nasdaq: PAGP) | | | | | | | | | | | | ||
| | PAGP Class B Shares | | | | | | | | | | | | ||
| | PAGP Class C Shares | | | | | | | | | | | | | |
| | • On Behalf of PAA Common Unitholders (excluding Plains AAP) (Nasdaq: PAA) | | | | | | | | | | | | ||
| | • On Behalf of PAA Series A Preferred Unitholders | | | | | | 9.2% | | | | | 71.1 million | | |
| | TOTAL | | | | | | 100.0% | | | | | | |
| | Name | | | | PAGP Class A Shares | | | | PAGP Class B Shares | | | | PAA Common Units | | | | PAA Series A Preferred Units | | | | Total Holdings | | | | Percent of Consolidated Voting Structure | | | | Name | | | | PAGP Class A Shares | | | | PAGP Class B Shares | | | | PAA Common Units | | | | PAA Series A Preferred Units | | | | Total Holdings | | | | Percent of Consolidated Voting Structure | | | ||||||||||||||||||||||||||||||||||||
| | Alps Advisors | | | | | | 1,029 | | | | | | | — | | | | | | | 55,337 | | | | | | | — | | | | | | | 56,366 | | | | | | | 7.3% | | | | | ALPS Advisors | | | | | | 783 | | | | | | | — | | | | | | | 60,732 | | | | | | | — | | | | | | | 61,515 | | | | | | | 8.0% | | | |
| | EMG Investments/John Raymond | | | | | | 257 | | | | | | | 11,459 | | | | | | | 1,603 | | | | | | | 20,376 | | | | | | | 33,695 | | | | | | | 4.3% | | | | | EMG Investments/John Raymond | | | | | | 273 | | | | | | | 11,459 | | | | | | | 1,603 | | | | | | | 20,376 | | | | | | | 33,710 | | | | | | | 4.4% | | | |
| | Tortoise Capital Advisors | | | | | | 12,781 | | | | | | | — | | | | | | | 19,667 | | | | | | | — | | | | | | | 32,448 | | | | | | | 4.2% | | | | | Invesco Advisors | | | | | | 3,135 | | | | | | | — | | | | | | | 29,916 | | | | | | | — | | | | | | | 33,052 | | | | | | | 4.3% | | | |
| | Kayne Anderson Capital Advisors | | | | | | 4,378 | | | | | | | 13,965 | | | | | | | 9,984 | | | | | | | 1,358 | | | | | | | 29,685 | | | | | | | 3.9% | | | | | Tortoise Capital Advisors | | | | | | 11,538 | | | | | | | — | | | | | | | 18,351 | | | | | | | — | | | | | | | 29,889 | | | | | | | 3.9% | | | |
| | Invesco Advisors | | | | | | 1,921 | | | | | | | — | | | | | | | 26,797 | | | | | | | — | | | | | | | 28,718 | | | | | | | 3.7% | | | | | Harvest Fund Advisors | | | | | | 2,810 | | | | | | | — | | | | | | | 23,220 | | | | | | | — | | | | | | | 26,030 | | | | | | | 3.4% | | | |
| | EnCap | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 25,357 | | | | | | | 25,357 | | | | | | | 3.3% | | | | | EnCap | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 25,357 | | | | | | | 25,357 | | | | | | | 3.3% | | | |
| | Goldman Sachs Asset Management | | | | | | 9,120 | | | | | | | — | | | | | | | 13,605 | | | | | | | — | | | | | | | 22,725 | | | | | | | 3.0% | | | | | Goldman Sachs Asset Management | | | | | | 6,547 | | | | | | | — | | | | | | | 15,941 | | | | | | | — | | | | | | | 22,487 | | | | | | | 2.9% | | | |
| | ClearBridge Investments | | | | | | 8,211 | | | | | | | — | | | | | | | 6,838 | | | | | | | — | | | | | | | 15,049 | | | | | | | 2.0% | | | | | Energy Income Partners | | | | | | 11,312 | | | | | | | — | | | | | | | 4,385 | | | | | | | — | | | | | | | 15,697 | | | | | | | 2.0% | | | |
| | Energy Income Partners | | | | | | 10,874 | | | | | | | — | | | | | | | 3,005 | | | | | | | — | | | | | | | 13,879 | | | | | | | 1.8% | | | | | ClearBridge Investments | | | | | | 8,332 | | | | | | | — | | | | | | | 6,704 | | | | | | | — | | | | | | | 15,036 | | | | | | | 2.0% | | | |
| | MFS Investment Management | | | | | | 13,007 | | | | | | | — | | | | | | | 78 | | | | | | | — | | | | | | | 13,085 | | | | | | | 1.7% | | | | | Mirae Asset Global Investments | | | | | | 1,369 | | | | | | | — | | | | | | | 12,908 | | | | | | | — | | | | | | | 14,277 | | | | | | | 1.8% | | | |
| | | | | | Independent | | | | Audit Committee | | | | Compensation Committee | | | | Governance Committee | | | | HSES Committee | | | | Board Chair | | | | Lead Director | | |
| | Class I Directors (Term expires | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Willie Chiang, Chairman of the Board and | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
| | Ellen | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||
| | Alexandra D. | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||
| | Lawrence M. | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||
| | Class II Directors (Term expires 2025) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Victor Burk | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
| | Kevin S. McCarthy | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||
| | Harry N. Pefanis, President | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Gary R. Petersen | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | Independent | | | | Audit Committee | | | | Compensation Committee | | | | Governance Committee | | | | HSES Committee | | | | Board Chair | | | | Lead Director | | | ||||||||||||
| | Class III Directors (Term expires 2024) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||
| | Greg L. Armstrong, Senior Advisor to the CEO (former Chairman of the Board and CEO)* | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||
| | John T. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||
| | Bobby S. | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||
| | Christopher M. Temple (Not standing for re-election) | | | | | | | | | | | | | | | | | | | | | | | | | | |
| * | | | Nominated by the Board for | |
| | | Determined by the Board to be independent under applicable Nasdaq and SEC rules. | | |
| | | Company Employee — independence has not been assessed by the Board. | | |
| | | Committee Member | | |
| | | Committee Chair | | |
| | | Board Chair | | |
| | | Lead Director | |
| | • Public Company Experience (Officer/Director) | | | | • Industry Experience (Upstream/Midstream/Downstream) | | |
| | • Finance/Accounting | | | | • Private Equity | | |
| | • Business Development/Strategy/Commercial | | | | • Diversity (Gender/Race/Ethnicity) | | |
| | • Legal/Governance/Government Relations | | | | • International | | |
| | • Operations/Engineering/ | | | | • Cybersecurity/IT | | |
| | | | | | • |
| | Board Diversity Matrix (As of March 27, 2023) | | | ||||||||||||||||
| | Total Number of Directors | | | | 12 | | | ||||||||||||
| | | | | | Female | | | | Male | | | | Non-Binary | | | | Did Not Disclose | | |
| | Part I: Gender Identity | | | ||||||||||||||||
| | Directors | | | | 2 | | | | 10 | | | | | | | | | | |
| | Part II: Demographic Background | | | ||||||||||||||||
| | African American or Black | | | | | | | | | | | | | | | | | | |
| | Alaskan Native or Native American | | | | | | | | | | | | | | | | | | |
| | Asian | | | | | | | | 1 | | | | | | | | | | |
| | Hispanic or Latinx | | | | | | | | | | | | | | | | | | |
| | Native Hawaiian or Pacific Islander | | | | | | | | | | | | | | | | | | |
| | White | | | | 2 | | | | 9 | | | | | | | | | | |
| | Two or More Races or Ethnicities | | | | | | | | | | | | | | | | | | |
| | LGBTQ+ | | | | | | | ||||||||||||
| | Did Not Disclose Demographic Background | | | | | | |
Energy Evolution | | |
| | | | | | Armstrong | | | | Burk | | | | Chiang | | | | DeSanctis | | | | McCarthy | | | | Pefanis | | | | Petersen | | | | Pruner | | | | Raymond | | | | Shackouls | | | | Temple | | | | Ziemba | | | ||||||||||||||||||||||||||||||||||||||||
| | Public Company Experience | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | ||||
| | Finance/Accounting | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | ||||
| | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | |||||
| | Legal/Governance/ Government Relations | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | ||||
| | Operations/Engineering/ Construction/ | | | | | | ✓ | | | | | | | | | | | | | | ✓ | | | | | | | ✓ | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | ✓ | | | | | | | | | | | | | | ✓ | | | | ||||
| | Industry Experience | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | ||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | ✓ | | | | | | | | | | | |||||
| | Diversity | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | International | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | ✓ | | | | | | | | | | | | | | ✓ | | | | ||||
| | Cybersecurity/IT | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | ✓ | | | | ||||
| | Energy Evolution | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | | ✓ | | | |
| | Board Diversity Matrix (As of March 25, 2024) | | | ||||||||||||||||
| | Total Number of Directors | | | | 12 | | | ||||||||||||
| | | | | | Female | | | | Male | | | | Non-Binary | | | | Did Not Disclose | | |
| | Part I: Gender Identity | | | ||||||||||||||||
| | Directors | | | | 2 | | | | 10 | | | | | | | | | | |
| | Part II: Demographic Background | | | ||||||||||||||||
| | African American or Black | | | | | | | | | | | | | | | | | | |
| | Alaskan Native or Native American | | | | | | | | | | | | | | | | | | |
| | Asian | | | | | | | | 1 | | | | | | | | | | |
| | Hispanic or Latinx | | | | | | | | | | | | | | | | | | |
| | Native Hawaiian or Pacific Islander | | | | | | | | | | | | | | | | | | |
| | White | | | | 2 | | | | 9 | | | | | | | | | | |
| | Two or More Races or Ethnicities | | | | | | | | | | | | | | | | | | |
| | LGBTQ+ | | | | | | | ||||||||||||
| | Did Not Disclose Demographic Background | | | | | | |
ZIEMBA since 2020 |
| | GREG L. ARMSTRONG Not Independent PAGP/PAA Director since 1998 Former Chairman and CEO Committees: None | | | | Greg L. Armstrong, age | | | | Board Qualifications: • Public Company Experience • Finance/Accounting • Business Development/ Strategy/Commercial • Legal/Governance/ Government Relations • Operations/Engineering/ • Industry Experience • International | | |
| | JOHN T. RAYMOND Independent PAGP/PAA Director since 2010 Committees: Compensation (chair) | | | | John T. Raymond, age | | | | Board Qualifications: • Public Company Experience • Finance/Accounting • Business Development/ Strategy/Commercial • Legal/Governance/ Government Relations • Operations/Engineering/ • Industry Experience • Private Equity | | |
| | | | | | Inc. and Ocean Energy, Inc. From 1992 to 1998, he was a Vice President with Howard Weil Labouisse Friedrichs, Inc. Mr. Raymond has been a direct or indirect owner of PAA’s general partner since 2001 and served on the board of PAA’s general partner from 2001 to 2005. He serves on numerous other private company boards and currently serves on the board of NGL Energy Holdings LLC, the general partner of NGL Energy Partners, L.P., and ESM Acquisition Corp. Mr. Raymond is also co-founder and portfolio manager of EMG Advisors. Mr. Raymond received a BSM degree from the A.B. Freeman School of Business at Tulane University with dual concentrations in finance and accounting and currently sits on the board of the Business School Council. He also serves as a director on the board of the American Heart Association, as a member of the MD Anderson Cancer Center Board of Visitors and is a member of YPO. The Board has determined that Mr. Raymond is “independent” under applicable Nasdaq and SEC rules. We believe that Mr. Raymond’s experience with investment in and management of a variety of upstream and midstream assets and operations provides a valuable resource to the Board. | | | | • International • Energy Evolution | | |
| | BOBBY S. SHACKOULS Lead Director Independent PAGP/PAA Director since 2010 Committees: Governance (chair) Compensation | | | | Bobby S. Shackouls, age | | | | Board Qualifications: • Public Company Experience • Finance/Accounting • Business Development/ Strategy/Commercial • Legal/Governance/ Government Relations • Operations/Engineering/ • Industry Experience • International | | |
| | Not Independent PAGP/PAA Director | | | | | | | Board Qualifications: • Public Company Experience • Finance/Accounting • Business Development/ Strategy/Commercial • Legal/Governance/ Government Relations • Operations/Engineering/ Construction/Technical • Industry Experience • Diversity • International • Energy Evolution | | | |
| | ELLEN R. DESANCTIS Independent PAGP/PAA Director since 2022 Committees: Audit HSES | | | | Ellen R. DeSanctis, age 67, has served as a director of PAGP GP since August 2022. She recently served as Senior Vice President of Corporate Relations for ConocoPhillips, where she worked from 2012 until her retirement in 2022. In that capacity, she was responsible for investor relations, corporate communications and charitable programs. Prior to ConocoPhillips, Ms. DeSanctis had responsibility for similar functions, as well as strategic planning roles, for a number of upstream energy companies, including Petrohawk Energy Corporation, Rosetta Resources, Burlington Resources, Vastar Resources and ARCO. Ms. DeSanctis spent her early career as an engineer for Shell Oil Company. Ms. DeSanctis serves on the board of SilverBow Resources, Inc. She also serves as a member of the board of directors of St. Agnes Academy in Houston and served as past chair of the Girl Scouts of San Jacinto Council. Ms. DeSanctis holds a BA in Geological and Geophysical Sciences from Princeton University and an MBA from UCLA. The Board has determined that Ms. DeSanctis is “independent” under applicable Nasdaq and SEC rules. Ms. DeSanctis’s diverse, strategic and stakeholder-focused background brings a valuable perspective to the Board. | | | | Board Qualifications: • Public Company Experience • Finance/Accounting • Business Development/ Strategy/Commercial • Legal/Governance/ Government Relations • Operations/Engineering/ Construction/Technical • Industry Experience • Diversity • International | | |
| | ALEXANDRA D. PRUNER Independent PAGP/PAA Director since 2018 Committees: Audit Governance | | | | Alexandra D. Pruner, age 62, has served as a director of PAGP GP since December 2018. Ms. Pruner has served as a Senior Advisor of Perella Weinberg Partners (“PWP”), a global independent advisory firm providing strategic and financial advice and asset-management services, and its energy division, Tudor, Pickering, Holt & Co., since December 2018. She previously served as Partner and Chief Financial Officer of PWP from December 2016 through November 2018. She served as CFO and a member of the Management Committee at Tudor, Pickering, Holt & Co. from the firm’s founding in 2007 until its combination with PWP in 2016. Ms. Pruner served as a director and member of the audit committee of Anadarko Petroleum Corporation from December 2018 until August 2019. She has also served as a director of NRG Energy, Inc. since October 2019, as chair of the board of Malta Inc. since April 2022, and as a director of Encino Acquisition Partners, LLC since November 2019 and as chair of the board since December 2021. She is the founder and a board member of Women’s Global Leadership Conference in Energy & Technology, is an Emeritus Director of the Amegy Bank Development Board, and is Chair of Brown University’s President’s Advisory Council on the Economics Department. She also serves on the Board of the Houston Zoo and the Texas Medical Center, among other volunteer efforts. Ms. Pruner holds a BA in Economics from Brown University. The Board has determined that Ms. Pruner is “independent” under applicable Nasdaq and SEC rules and qualifies as an “Audit Committee Financial Expert.” Ms. Pruner’s extensive experience in the energy industry from a variety of perspectives, along with her strong finance and investment banking background, make her uniquely qualified to serve on the Board. | | | | Board Qualifications: • Public Company Experience • Finance/Accounting • Business Development/ Strategy/Commercial • Legal/Governance/ Government Relations • Industry Experience • Diversity • International • Cybersecurity/IT • Energy Evolution | | |
| | LAWRENCE M. ZIEMBA Independent PAGP/PAA Director since 2020 Committees: Audit HSES (chair) | | | | Lawrence M. Ziemba, age 68, has served as a director of PAGP GP since January 2020. Mr. Ziemba served as Executive Vice President, Refining, and on the executive committee of Phillips 66 from May 2012 until his retirement in December 2017. From 2001 to May 2012, he served in various downstream positions with ConocoPhillips, including President, Global Refining, and chairman of WRB LLC, a downstream joint venture with Cenovus, a Canadian oil producer. He also held various positions of increasing responsibility with Tosco/Unocal from 1977 to 2001. He has held a number of industry leadership positions, including with API and AFPM. Mr. Ziemba has served on the board of directors of PBF Energy since 2023. From 2020 through 2022 he served as a director of PBF Logistics GP LLC. He also served on the board of trustees of Duchesne Academy in Houston. Mr. Ziemba received a BS in mechanical engineering from the University of Illinois — Champaign and an MBA from the University of Chicago. The Board has determined that Mr. Ziemba is “independent” under applicable Nasdaq and SEC rules. We believe that his operations, technical and project management expertise, coupled with his business sense and understanding of strategic positioning in the energy space, adds a diverse operating and downstream perspective to the Board. | | | | Board Qualifications: • Public Company Experience • Finance/Accounting • Business Development/ Strategy/Commercial • Legal/Governance/ Government Relations • Operations/Engineering/ Construction/Technical • Industry Experience • International • Cybersecurity/IT • Energy Evolution | | |
| | VICTOR BURK Independent PAGP/PAA Director since 2010 Committees: Audit (chair) | | | | Victor Burk, age | | | | Board Qualifications: • Public Company Experience • Finance/Accounting • Business Development/ Strategy/Commercial • Legal/Governance/ Government Relations • Industry Experience • International | | |
| | KEVIN S. MCCARTHY Independent PAGP/PAA Director since 2020 Committees: Governance HSES | | | | Kevin S. McCarthy, age | | | | Board Qualifications: • Public Company Experience • Finance/Accounting • Business Development/ Strategy/Commercial • Legal/Governance/ Government Relations • Industry Experience • Private Equity | | |
| | HARRY N. PEFANIS Not Independent PAGP/PAA Director since 2017 President Committees: None | | | | Harry N. Pefanis, age | | | | Board Qualifications: • Public Company Experience • Finance/Accounting • Business Development/ Strategy/Commercial • Legal/Governance/ Government Relations • Operations/Engineering/ • Industry Experience • International |
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| | GARY R. PETERSEN Independent PAGP/PAA Director since 2001 Committees: Compensation Governance | | | | Gary R. Petersen, age | | | | Board Qualifications: • Public Company Experience • Finance/Accounting • Business Development/ Strategy/Commercial • Legal/Governance/ Government Relations • Industry Experience • Private Equity • International | | |
| | Name | | | | Age (as of 3/ | | | | Position | | | |||
| | Willie Chiang* | | | | | | | | | | Chairman of the Board and Chief Executive Officer | | | |
| | Harry N. Pefanis* | | | | | | | | | | President and Director | | | |
| | Al Swanson | | | | | | | | | | Executive Vice President and Chief Financial Officer | | | |
| | Richard K. McGee | | | | | | | | | | Executive Vice President, General Counsel and Secretary | | | |
| | Chris R. Chandler | | | | | | | | | | Executive Vice President and Chief Operating Officer | | | |
| | Jeremy L. Goebel | | | | | | | | | | Executive Vice President and Chief Commercial Officer | | | |
| | Chris Herbold | | | | | | | | | | Senior Vice President, Finance and Chief Accounting Officer | | |
| | Named Executive Officer | | | | Title | | |
| | Willie Chiang | | | | Chairman and Chief Executive Officer | | |
| | Harry Pefanis | | | | President | | |
| | Al Swanson | | | | EVP and Chief Financial Officer | | |
| | Richard McGee | | | | EVP, General Counsel and Secretary | | |
| | Chris Chandler | | | | EVP and Chief Operating Officer | | |
| | Jeremy Goebel | | | | EVP and Chief Commercial Officer | | |
| | What We Do | | | | What We Don’t Do | | |
| | ✓ We emphasize pay for performance ✓ ✓ Our annual bonus program is 100% performance based with payout based on a formulaic framework ✓ 50% of NEO long-term equity incentives are performance based, requiring performance over a multi-year period ✓ Compensation program design mitigates against excessive risk taking ✓ Independent compensation consultant ✓ Regular investor engagement on compensation and other matters ✓ Equity Ownership Guidelines for executive officers and directors ✓ Clawback Policy that applies to | | | | No guaranteed bonuses No excise tax gross ups Directors and officers are prohibited from hedging or pledging company securities Our equity plan prohibits backdating or repricing of options No significant perquisites for our executive officers No single-trigger change in control protections in our long-term incentive plan grants | | |
| | 98% Say on Pay Support in | | |
| | Outreach in 2023 to outstanding equity | | |
| | What We Pay | | | | Why We Pay It | | | | Key Features | | |
| | Base Salary | | | | Attract and retain high-performing executives by providing a secure and appropriate level of base pay | | | | • Foundational element of our compensation program; short-term and long-term incentive compensation components are based on a percentage of base salary • Subject to adjustment • Smallest component of NEO compensation | | |
| | Annual Cash Incentive Awards | | | | Motivate and reward near-term performance and retention | | | | • 100% performance based • Encourages achievement of objective and transparent annual business, ESG and individual goals established at beginning of year • Payout based on formulaic framework | | |
| | Long-Term Equity Incentive Awards | | | | Motivate and reward long-term performance and retention and create additional alignment with investors | | | | • Long-term equity incentives are 50% • Performance-based awards earned based upon performance over cumulative three-year period • Performance metrics include relative TSR with negative TSR modifier, and DCF/CUE with leverage modifier (potential downward adjustment only) • Distribution Equivalent Rights (“DERs”) associated with long-term equity awards provide additional potential motivation and alignment with other equity holders | | |
| | What We Pay | | | | Why We Pay It | | | | Key Features | | |
| | Employee Benefits | | | | Attract and retain talent | | | | • Customary health and welfare benefits for all U.S. employees, including 401(k) Plan • No defined benefit or pension plans • No significant perquisites | | |
| | Entity/Index Name (Ticker) | | | | Benchmarking Peer Group | | | | Peer Group | | |
| | Energy Transfer LP (ET) | | | | | | | | | ||
| | Enterprise Products Partners LP (EPD) | | | | | | | | | ||
| | Kinder Morgan Inc. (KMI) | | | | | | | | | ||
| | The Williams Companies Inc. (WMB) | | | | | | | | | ||
| | MPLX LP (MPLX) | | | | | | | | | ||
| | ONEOK Inc. (OKE) | | | | | | | | | ||
| | Targa Resources Corp. (TRGP) | | | | | | | | | ||
| | Western Midstream Partners LP (WES) | | | | | | | | | ||
| | EnLink Midstream LLC (ENLC) | | | | | | | | | ||
| | Magellan Midstream Partners LP (MMP) | | | | | | | | |||
| | |||||||||||
| | Equitrans Midstream Corporation (ETRN) | | | | | | | | | | |
| | Crestwood Equity Partners LP (CEQP) | | | | | | | | | | |
| | | | | | | | | ||||
| | |||||||||||
| | NuStar Energy LP (NS) | | | | | | | | | | |
| | S&P 500 Index (SPX) | | | | | | | | | | |
| | Alerian Midstream Energy Index (AMNA) | | | | | | | | | |
| | 2022 Performance Objectives and Results (all figures rounded) | | | | 2023 Performance Objectives and Results (all figures rounded) | | | ||||||||||||||||
| | Quantitative Goals | | | | Quantitative Goals | | | ||||||||||||||||
| | Metrics | | | | 2022 Goals | | | | 2022 Results | | | | Metrics | | | | 2023 Goals | | | | 2023 Results | | |
| | Adjusted EBITDA attributable to PAA(1) | | | | $2.2 billion | | | | $2.510 billion | | | | Adjusted EBITDA attributable to PAA(1) | | | | $2.50 billion | | | | $2.71 billion | | |
| | Implied DCF per common unit and CUE(1) | | | | $2.00 | | | | $2.26 | | | | Implied DCF per common unit and CUE(1) | | | | $2.33 | | | | $2.46 | | |
| | Safety and Environmental | | | | 20% improvement in certain safety and environmental metrics over 2020 results | | | | • ~18% reduction in recordable injuries • ~35% decrease in number of federally reportable releases | | | | Safety and Environmental | | | | • Total Recordable Injury Rate:0.25 • Federally Reportable Releases: 10 | | | | • Total Recordable Injury Rate: 0.31 • Federally Reportable Releases: 19 | | |
| | Qualitative Goals | | | ||||||||
| | • Financial: strengthen financial positioning and flexibility; • Investment: maintain capital discipline by • Operations and Management: advance and complete key programs and initiatives, including | | | ||||||||
| | (1) Adjusted EBITDA attributable to PAA and Implied DCF are non-GAAP financial measures. Information regarding these non-GAAP financial measures, including a reconciliation to the most directly comparable GAAP measures, is included under the caption “Non-GAAP Financial Measures” beginning on page | | |
| | Named Executive Officer | | | | Annual Base Salary | | | |||
| | Willie Chiang | | | | | $ | 800,000 | | | |
| | Harry Pefanis | | | | | $ | 600,000 | | | |
| | Al Swanson | | | | | $ | 550,000 | | | |
| | Richard McGee | | | | | $ | 550,000 | | | |
| | Chris Chandler | | | | | $ | 600,000 | | | |
| | Jeremy Goebel | | | | | $ | 600,000 | | | |
| | Named Executive Officer | | | | Annual Bonus Target (as a Percentage of Base Salary) | | | |||
| | Willie Chiang | | | | | | 250% | | | |
| | Harry Pefanis | | | | | | 200% | | | |
| | Al Swanson | | | | | | 150% | | | |
| | Richard McGee | | | | | | 150% | | | |
| | Chris Chandler | | | | | | 150% | | | |
| | Jeremy Goebel | | | | | | 150% | | | |
| | (67% weighting) | | | Threshold | | | Target | | | Max | | | | 2022 Formulaic Payout Calculation | | |||||||||
| | Adjusted EBITDA attributable to PAA/DCF (% Target) | | | | | 92.50% | | | | | | 100% | | | | | | 110% | | | | | ||
| | Safety/Env Reduction vs. ‘20 (% Target) | | | | | -10% | | | | | | -20% | | | | | | -30% | | | | | ||
| | Payout | | | | | 0% | | | | | | 100% | | | | | | 200% | | | | |
| | Company Performance Metrics | | | Weight | | | Threshold | | | Target | | | Max | | | Result | | | Payout % | | | Wgtd % | | | |||||||||||||||||||||
| | Adjusted EBITDA attributable to PAA | | | | | 40% | | | | | $ | 2,035 | | | | | $ | 2,200 | | | | | $ | 2,420 | | | | | $ | 2,510 | | | | | | 200% | | | | | | 80% | | | |
| | Implied DCF/Common Unit and CUE | | | | | 40% | | | | | $ | 1.85 | | | | | $ | 2.00 | | | | | $ | 2.20 | | | | | $ | 2.26 | | | | | | 200% | | | | | | 80% | | | |
| | Safety (TRIR) | | | | | 10% | | | | | | 0.34 | | | | | | 0.30 | | | | | | 0.27 | | | | | | 0.31 | | | | | | 84% | | | | | | 8.4% | | | |
| | Environmental (DOT releases) | | | | | 10% | | | | | | 15 | | | | | | 14 | | | | | | 12 | | | | | | 11 | | | | | | 200% | | | | | | 20% | | | |
| | Company Performance Subtotal | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 188.4% | | | |
| | (60% weighting) | | | Threshold | | | Target | | | Max | | | | 2023 Formulaic Payout Calculation | | |||||||||
| | Adjusted EBITDA attributable to PAA/DCF (% Target) | | | | | 92.50% | | | | | | 100% | | | | | | 110% | | | | | ||
| | Safety (TRIR) | | | | | 0.28 | | | | | | 0.25 | | | | | | 0.22 | | | | | ||
| | Environmental (FRR) | | | | | 13 | | | | | | 10 | | | | | | 7 | | | | | ||
| | Payout | | | | | 0% | | | | | | 100% | | | | | | 200% | | | | |
| | Company Performance Metrics | | | Weight | | | Threshold | | | Target | | | Max | | | Result | | | Payout % | | | Wgtd % | | | |||||||||||||||||||||
| | Adjusted EBITDA attributable to PAA(1) | | | | | 40% | | | | | $ | 2,313 | | | | | $ | 2,500 | | | | | $ | 2,750 | | | | | $ | 2,684 | | | | | | 174% | | | | | | 70% | | | |
| | Implied DCF/Common Unit and CUE(1) | | | | | 40% | | | | | $ | 2.16 | | | | | $ | 2.33 | | | | | $ | 2.56 | | | | | $ | 2.43 | | | | | | 141% | | | | | | 56% | | | |
| | Safety (TRIR)(2) | | | | | 10% | | | | | | 0.28 | | | | | | 0.25 | | | | | | 0.22 | | | | | | 0.31 | | | | | | 50% | | | | | | 5% | | | |
| | Environmental (FRR) | | | | | 10% | | | | | | 13 | | | | | | 10 | | | | | | 7 | | | | | | 19 | | | | | | 0 | | | | | | 0% | | | |
| | Company Performance Subtotal | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 131% | | | |
| | Name | | | | Individual Performance Highlights | | | | Payout Score | | |
| | Willie Chiang | | | | • Overall leadership, culture and tone setting • Investor • Led strategic positioning for • Ongoing Board initiatives, leadership development/succession | | | | | | |
| | Harry Pefanis | | | | • Significant role in • Leadership of long-term efficiency initiative • Mentored/developed key individuals • Strategic positioning for • Develop/maintain/enhance major commercial relationships | | | | | | |
| | Al Swanson | | | | • Finance group leadership • • Key role in • • | | | | | | |
| | Richard McGee | | | | • Legal/Land and HR group oversight/leadership during • • • | | | | | | |
| | Chris Chandler | | | | • Drive operating excellence and continued multi-year trend of HSE and reliability improvements • Operational reliability and successful capital program to capture Permian growth • Record • • • • • | | | | | | |
| | Jeremy Goebel | | | | • • Led key commercial strategies that drove financial overperformance vs. plan • Solid execution enabled capture of unforecasted market opportunities • Led key • • $ • • Increased Permian dedicated acreage by • Significant additional volume capture (Permian and elsewhere) • Drove NGL strategy/execution (including IPL/Co-ed restructuring) • Oversight of emerging energy effort • Significant role in attractive positioning of business for | | | | | |
| | Named Executive Officer | | 2022 Target Bonus Amount | | | Company Results | | Individual Results | | | Percent of Target Bonus Earned | | 2022 Actual Bonus Amount(1) | | | | Named Executive Officer | | 2023 Target Bonus Amount | | | Company Results | | Individual Results | | | Percent of Target Bonus Earned | | 2023 Actual Bonus Amount(1) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Company Score | | | | Weight | | | | Individual Score | | | | Weight | | | | | Company Score | | | | Weight | | | | Individual Score | | | | Weight | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Willie Chiang | | | $ | 2,000,000 | | | | | 188% | | | x | | | | 67% | | | + | | | | 163% | | | x | | | | 33% | | | = | | | | 180% | | | | $ | 3,600,000 | | | | | Willie Chiang | | | $ | 2,000,000 | | | | | 131% | | | x | | | | 60% | | | + | | | | 175% | | | x | | | | 40% | | | = | | | | 149% | | | | $ | 2,975,000 | | | | ||||||||||||||||||||||
| | Harry Pefanis | | | $ | 1,200,000 | | | | | 188% | | | x | | | | 67% | | | + | | | | 150% | | | x | | | | 33% | | | = | | | | 176% | | | | $ | 2,105,000 | | | | | Harry Pefanis | | | $ | 1,200,000 | | | | | 131% | | | x | | | | 60% | | | + | | | | 100% | | | x | | | | 40% | | | = | | | | 119% | | | | $ | 1,425,000 | | | | ||||||||||||||||||||||
| | Al Swanson | | | $ | 825,000 | | | | | 188% | | | x | | | | 67% | | | + | | | | 150% | | | x | | | | 33% | | | = | | | | 176% | | | | $ | 1,450,000 | | | | | Al Swanson | | | $ | 825,000 | | | | | 131% | | | x | | | | 60% | | | + | | | | 160% | | | x | | | | 40% | | | = | | | | 143% | | | | $ | 1,180,000 | | | | ||||||||||||||||||||||
| | Richard McGee | | | $ | 825,000 | | | | | 188% | | | x | | | | 67% | | | + | | | | 175% | | | x | | | | 33% | | | = | | | | 184% | | | | $ | 1,515,000 | | | | | Richard McGee | | | $ | 825,000 | | | | | 131% | | | x | | | | 60% | | | + | | | | 160% | | | x | | | | 40% | | | = | | | | 143% | | | | $ | 1,180,000 | | | | ||||||||||||||||||||||
| | Chris Chandler | | | $ | 900,000 | | | | | 188% | | | x | | | | 67% | | | + | | | | 200% | | | x | | | | 33% | | | = | | | | 192% | | | | $ | 1,730,000 | | | | | Chris Chandler | | | $ | 900,000 | | | | | 131% | | | x | | | | 60% | | | + | | | | 175% | | | x | | | | 40% | | | = | | | | 149% | | | | $ | 1,340,000 | | | | ||||||||||||||||||||||
| | Jeremy Goebel | | | $ | 900,000 | | | | | 188% | | | x | | | | 67% | | | + | | | | 200% | | | x | | | | 33% | | | = | | | | 192% | | | | $ | 1,730,000 | | | | | Jeremy Goebel | | | $ | 900,000 | | | | | 131% | | | x | | | | 60% | | | + | | | | 175% | | | x | | | | 40% | | | = | | | | 149% | | | | $ | 1,340,000 | | | |
| | Named Executive Officer | | | | Annual LTIP Award Target Value (as a percentage of base salary) | | | | 2022 Annual LTIP Award Value | | | | 2022 Annual Phantom Units Granted(1) | | | | Time-Vested Phantom Units (50%) | | | | Performance- Vested Phantom Units (50%) | | | | Named Executive Officer | | | | Annual LTIP Award Target Value (as a percentage of base salary) | | | | 2023 Annual LTIP Award Value | | | | 2023 Annual Phantom Units Granted(1) | | | | Time-Based Phantom Units (50%) | | | | Performance- Based Phantom Units (50%) | | | ||||||||||||||||||||||||
| | Willie Chiang | | | | | | 600% | | | | | | $ | 4,800,000 | | | | | | | 440,000 | | | | | | | 220,000 | | | | | 220,000 | | | | Willie Chiang | | | | | | 600% | | | | | | $ | 4,800,000 | | | | | | | 324,100 | | | | | | | 162,050 | | | | | 162,050 | | |
| | Harry Pefanis | | | | | | 500% | | | | | | | n/a(2) | | | | | | | n/a(2) | | | | | | | n/a(2) | | | | | n/a(2) | | | | Harry Pefanis | | | | | | 500% | | | | | | | n/a(2) | | | | | | | n/a(2) | | | | | | | n/a(2) | | | | | n/a(2) | | |
| | Al Swanson | | | | | | 275% | | | | | | $ | 1,513,000 | | | | | | | 138,600 | | | | | | | 69,300 | | | | | 69,300 | | | | Al Swanson | | | | | | 275% | | | | | | $ | 1,513,000 | | | | | | | 102,150 | | | | | | | 51,075 | | | | | 51,075 | | |
| | Richard McGee | | | | | | 275% | | | | | | $ | 1,513,000 | | | | | | | 138,600 | | | | | | | 69,300 | | | | | 69,300 | | | | Richard McGee | | | | | | 275% | | | | | | $ | 1,513,000 | | | | | | | 102,150 | | | | | | | 51,075 | | | | | 51,075 | | |
| | Chris Chandler | | | | | | 325% | | | | | | $ | 1,950,000 | | | | | | | 178,700 | | | | | | | 89,350 | | | | | 89,350 | | | | Chris Chandler | | | | | | 325% | | | | | | $ | 1,950,000 | | | | | | | 131,650 | | | | | | | 65,825 | | | | | 65,825 | | |
| | Jeremy Goebel | | | | | | 325% | | | | | | $ | 1,950,000 | | | | | | | 178,700 | | | | | | | 89,350 | | | | | 89,350 | | | | Jeremy Goebel | | | | | | 325% | | | | | | $ | 1,950,000 | | | | | | | 131,650 | | | | | | | 65,825 | | | | | 65,825 | | |
| | Title | | | | Multiple of Base Salary or Annual Cash Retainer | | | |||
| | CEO | | | | | | 6x | | | |
| | President | | | | | | 5x | | | |
| | EVP | | | | | | 3x | | | |
| | SVP | | | | | | 1x | | | |
| | Director | | | | | | 5x | | | |
| | Name and Current Principal Position | | | | Year | | | | Salary ($)(1) | | | | Stock Awards ($)(2) | | | | Non-Equity Incentive Plan Compensation ($) | | | | All Other Compensation ($)(3) | | | | Total ($) | | | | Name and Current Principal Position | | | | Year | | | | Salary ($) | | | | Stock Awards ($)(1) | | | | Non-Equity Incentive Plan Compensation ($)(2) | | | | All Other Compensation ($)(3) | | | | Total ($) | | | ||||||||||||||||||||||||||||||||||||
| | Willie Chiang | | | | | | 2022 | | | | | | | 750,000 | | | | | | | 3,927,000 | | | | | | | 3,600,000 | | | | | | | 19,140 | | | | | | | 8,296,140 | | | | | Willie Chiang | | | | | | 2023 | | | | | | | 800,000 | | | | | | | 3,658,279 | | | | | | | 2,975,000 | | | | | | | 20,640 | | | | | | | 7,453,919 | | | |
| | Chairman and Chief Executive | | | | | | 2021 | | | | | | | 600,000 | | | | | | | 2,053,850 | | | | | | | 1,720,000 | | | | | | | 18,360 | | | | | | | 4,392,210 | | | | | Chairman and Chief Executive Officer | | | | | | 2022 | | | | | | | 750,000 | | | | | | | 3,927,000 | | | | | | | 3,600,000 | | | | | | | 19,140 | | | | | | | 8,296,140 | | | |
| | Officer | | | | | | 2020 | | | | | | | 600,000 | | | | | | | 2,247,181 | | | | | | | 1,425,000 | | | | | | | 18,060 | | | | | | | 4,290,241 | | | | | | | 2021 | | | | | | | 600,000 | | | | | | | 2,053,850 | | | | | | | 1,720,000 | | | | | | | 18,360 | | | | | | | 4,392,210 | | | | | |||
| | Harry Pefanis | | | | | | 2022 | | | | | | | 550,000 | | | | | | | — | | | | | | | 2,105,000 | | | | | | | 19,140 | | | | | | | 2,674,140 | | | | | Harry Pefanis | | | | | | 2023 | | | | | | | 600,000 | | | | | | | — | | | | | | | 1,425,000 | | | | | | | 20,640 | | | | | | | 2,045,640 | | | |
| | President | | | | | | 2021 | | | | | | | 400,000 | | | | | | | — | | | | | | | 1,150,000 | | | | | | | 18,360 | | | | | | | 1,568,360 | | | | | President | | | | | | 2022 | | | | | | | 550,000 | | | | | | | — | | | | | | | 2,105,000 | | | | | | | 19,140 | | | | | | | 2,674,140 | | | |
| | | | | | | | 2020 | | | | | | | 400,000 | | | | | | | — | | | | | | | 950,000 | | | | | | | 18,060 | | | | | | | 1,368,060 | | | | | | | 2021 | | | | | | | 400,000 | | | | | | | — | | | | | | | 1,150,000 | | | | | | | 18,360 | | | | | | | 1,568,360 | | | | | |||
| | Al Swanson | | | | | | 2022 | | | | | | | 512,500 | | | | | | | 1,237,005 | | | | | | | 1,450,000 | | | | | | | 19,140 | | | | | | | 3,218,645 | | | | | Al Swanson | | | | | | 2023 | | | | | | | 550,000 | | | | | | | 1,153,018 | | | | | | | 1,180,000 | | | | | | | 20,640 | | | | | | | 2,903,658 | | | |
| | Executive Vice President and | | | | | | 2021 | | | | | | | 400,000 | | | | | | | 821,267 | | | | | | | 980,000 | | | | | | | 18,360 | | | | | | | 2,219,627 | | | | | Executive Vice President and Chief Financial Officer | | | | | | 2022 | | | | | | | 512,500 | | | | | | | 1,237,005 | | | | | | | 1,450,000 | | | | | | | 19,140 | | | | | | | 3,218,645 | | | |
| | Chief Financial Officer | | | | | | 2020 | | | | | | | 400,000 | | | | | | | 898,896 | | | | | | | 775,000 | | | | | | | 18,060 | | | | | | | 2,091,956 | | | | | | | 2021 | | | | | | | 400,000 | | | | | | | 821,267 | | | | | | | 980,000 | | | | | | | 18,360 | | | | | | | 2,219,627 | | | | | |||
| | Richard McGee | | | | | | 2022 | | | | | | | 512,500 | | | | | | | 1,237,005 | | | | | | | 1,515,000 | | | | | | | 19,140 | | | | | | | 3,283,645 | | | | | Richard McGee | | | | | | 2023 | | | | | | | 550,000 | | | | | | | 1,153,018 | | | | | | | 1,180,000 | | | | | | | 20,640 | | | | | | | 2,903,658 | | | |
| | Executive Vice President, | | | | | | 2021 | | | | | | | 400,000 | | | | | | | 821,267 | | | | | | | 1,050,000 | | | | | | | 18,360 | | | | | | | 2,289,627 | | | | | Executive Vice President, General Counsel and Secretary | | | | | | 2022 | | | | | | | 512,500 | | | | | | | 1,237,005 | | | | | | | 1,515,000 | | | | | | | 19,140 | | | | | | | 3,283,645 | | | |
| | General Counsel and Secretary | | | | | | 2020 | | | | | | | 400,000 | | | | | | | 898,896 | | | | | | | 775,000 | | | | | | | 18,060 | | | | | | | 2,091,956 | | | | | | | 2021 | | | | | | | 400,000 | | | | | | | 821,267 | | | | | | | 1,050,000 | | | | | | | 18,360 | | | | | | | 2,289,627 | | | | | |||
| | Chris Chandler | | | | | | 2022 | | | | | | | 550,000 | | | | | | | 4,081,569 | | | | | | | 1,730,000 | | | | | | | 19,140 | | | | | | | 6,380,709 | | | | | Chris Chandler | | | | | | 2023 | | | | | | | 600,000 | | | | | | | 1,485,999 | | | | | | | 1,340,000 | | | | | | | 20,640 | | | | | | | 3,446,639 | | | |
| | Executive Vice President and | | | | | | 2021 | | | | | | | 400,000 | | | | | | | 821,267 | | | | | | | 1,010,000 | | | | | | | 18,360 | | | | | | | 2,249,627 | | | | | Executive Vice President and Chief Operating Officer | | | | | | 2022 | | | | | | | 550,000 | | | | | | | 4,081,569 | | | | | | | 1,730,000 | | | | | | | 19,140 | | | | | | | 6,380,709 | | | |
| | Chief Operating Officer | | | | | | 2020 | | | | | | | 400,000 | | | | | | | 898,896 | | | | | | | 800,000 | | | | | | | 18,060 | | | | | | | 2,116,956 | | | | | | | 2021 | | | | | | | 400,000 | | | | | | | 821,267 | | | | | | | 1,010,000 | | | | | | | 18,360 | | | | | | | 2,249,627 | | | | | |||
| | Jeremy Goebel | | | | | | 2022 | | | | | | | 550,000 | | | | | | | 4,081,569 | | | | | | | 1,730,000 | | | | | | | 19,140 | | | | | | | 6,380,709 | | | | | Jeremy Goebel | | | | | | 2023 | | | | | | | 600,000 | | | | | | | 1,485,999 | | | | | | | 1,340,000 | | | | | | | 20,640 | | | | | | | 3,446,639 | | | |
| | Executive Vice President and | | | | | | 2021 | | | | | | | 400,000 | | | | | | | 821,267 | | | | | | | 1,170,000 | | | | | | | 18,360 | | | | | | | 2,409,627 | | | | | Executive Vice President and Chief Commercial Officer | | | | | | 2022 | | | | | | | 550,000 | | | | | | | 4,081,569 | | | | | | | 1,730,000 | | | | | | | 19,140 | | | | | | | 6,380,709 | | | |
| | Chief Commercial Officer | | | | | | 2020 | | | | | | | 400,000 | | | | | | | 898,896 | | | | | | | 800,000 | | | | | | | 18,060 | | | | | | | 2,116,956 | | | | | | | 2021 | | | | | | | 400,000 | | | | | | | 821,267 | | | | | | | 1,170,000 | | | | | | | 18,360 | | | | | | | 2,409,627 | | | |
| | Name | | | | Grant Date | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards | | | | Estimated Future Payouts Under Equity Incentive Plan Awards(1) | | | | All Other Stock Awards: Number Of Shares Of Stock or Units (#)(2) | | | | Grant Date Fair Value Of Stock and Option Awards ($)(3) | | | | Name | | | | Grant Date | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards | | | | Estimated Future Payouts Under Equity Incentive Plan Awards(1) | | | | All Other Stock Awards: Number of Shares of Stock or Units (#)(2) | | | | Grant Date Fair Value Of Stock and Option Awards ($)(3) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Threshold ($) | | | | Target ($) | | | | Maximum ($) | | | | Threshold (#) | | | | Target (#) | | | | Maximum (#) | | | | Threshold ($) | | | | Target ($) | | | | Maximum ($) | | | | Threshold (#) | | | | Target (#) | | | | Maximum (#) | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Willie Chiang | | | | | | 2/24/22 | | | | | | | — | | | | | | | 2,000,000 | | | | | | | 4,000,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | Willie Chiang | | | | | | 2/16/23 | | | | | | | — | | | | | | | 2,000,000 | | | | | | | 4,000,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | | | | | | | 8/18/22 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 220,000 | | | | | | | 440,000 | | | | | | | 220,000 | | | | | | | 3,927,000 | | | | | | | | | | | 8/17/23 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 162,050 | | | | | | | 324,100 | | | | | | | 162,050 | | | | | | | 3,658,279 | | | | |
| | Harry Pefanis | | | | | | 2/24/22 | | | | | | | — | | | | | | | 1,200,000 | | | | | | | 2,400,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | Harry Pefanis | | | | | | 2/16/23 | | | | | | | — | | | | | | | 1,200,000 | | | | | | | 2,400,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |
| | Al Swanson | | | | | | 2/24/22 | | | | | | | — | | | | | | | 825,000 | | | | | | | 1,650,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | Al Swanson | | | | | | 2/16/23 | | | | | | | — | | | | | | | 825,000 | | | | | | | 1,650,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | | | | | | | 8/18/22 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 69,300 | | | | | | | 138,600 | | | | | | | 69,300 | | | | | | | 1,237,005 | | | | | | | | | | | 8/17/23 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 51,075 | | | | | | | 102,150 | | | | | | | 51,075 | | | | | | | 1,153,018 | | | | |
| | Richard McGee | | | | | | 2/24/22 | | | | | | | — | | | | | | | 825,000 | | | | | | | 1,650,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | Richard McGee | | | | | | 2/16/23 | | | | | | | — | | | | | | | 825,000 | | | | | | | 1,650,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | | | | | | | 8/18/22 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 69,300 | | | | | | | 138,600 | | | | | | | 69,300 | | | | | | | 1,237,005 | | | | | | | | | | | 8/17/23 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 51,075 | | | | | | | 102,150 | | | | | | | 51,075 | | | | | | | 1,153,018 | | | | |
| | Chris Chandler | | | | | | 2/24/22 | | | | | | | — | | | | | | | 900,000 | | | | | | | 1,800,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | Chris Chandler | | | | | | 2/16/23 | | | | | | | — | | | | | | | 900,000 | | | | | | | 1,800,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | | | | | | | 2/24/22(4) | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 2,486,671(5) | | | | | | | | | | | 8/17/23 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 65,825 | | | | | | | 131,650 | | | | | | | 65,825 | | | | | | | 1,485,999 | | | |
| | | | | | | | 8/18/22 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 89,350 | | | | | | | 178,700 | | | | | | | 89,350 | | | | | | | 1,594,898 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Jeremy Goebel | | | | | | 2/16/23 | | | | | | | — | | | | | | | 900,000 | | | | | | | 1,800,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | Jeremy Goebel | | | | | | 2/24/22 | | | | | | | — | | | | | | | 900,000 | | | | | | | 1,800,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | | | | | 8/17/23 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 65,825 | | | | | | | 131,650 | | | | | | | 65,825 | | | | | | | 1,485,999 | | | |
| | | | | | | | 2/24/22(4) | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 2,486,671(5) | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | 8/18/22 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 89,350 | | | | | | | 178,700 | | | | | | | 89,350 | | | | | | | 1,594,898 | | | |
| | Name | | | | Unit Awards | | | | Name | | | | Unit Awards | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| Number of Shares or Units of Stock That Have Not Vested (#) | | | | Market Value of Shares or Units of Stock That Have Not Vested ($)(1) | | | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) | | | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(1) | | | | Number of Shares or Units of Stock That Have Not Vested (#) | | | | Market Value of Shares or Units of Stock That Have Not Vested ($)(1) | | | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) | | | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(1) | | | |||||||||||||||||||||||||||||||||
| | Willie Chiang | | | | | | — | | | | | | | — | | | | | | | 500,000(2) | | | | | | | 5,880,000 | | | | | Willie Chiang | | | | | | — | | | | | | | — | | | | | | | 500,000(2) | | | | | | | 7,575,000 | | | |
| | | | | | | | — | | | | | | | — | | | | | | | 62,870(3) | | | | | | | 739,351 | | | | | | | | | | | — | | | | | | | — | | | | | | | 62,870(3) | | | | | | | 952,481 | | | |
| | | | | | | | 187,970(6) | | | | | | | 2,210,527 | | | | | | | 187,970(7) | | | | | | | 2,210,527 | | | | | | | | | | | 150,300(5) | | | | | | | 2,277,045 | | | | | | | 150,300(6) | | | | | | | 2,277,045 | | | |
| | | | | | | | 150,300(8) | | | | | | | 1,767,528 | | | | | | | 150,300(9) | | | | | | | 1,767,528 | | | | | | | | | | | 220,000(7) | | | | | | | 3,333,000 | | | | | | | 220,000(8) | | | | | | | 3,333,000 | | | |
| | | | | | | | 220,000(10) | | | | | | | 2,587,200 | | | | | | | 220,000(11) | | | | | | | 2,587,200 | | | | | | | | | | | 162,050(9) | | | | | | | 2,455,058 | | | | | | | 162,050(10) | | | | | | | 2,455,058 | | | | |
| | Harry Pefanis | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | Harry Pefanis | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |
| | Al Swanson | | | | | | — | | | | | | | — | | | | | | | 25,150(3) | | | | | | | 295,764 | | | | | Al Swanson | | | | | | — | | | | | | | — | | | | | | | 25,150(3) | | | | | | | 381,023 | | | |
| | | | | | | | 75,190(6) | | | | | | | 884,234 | | | | | | | 75,190(7) | | | | | | | 884,234 | | | | | | | | | | | 60,100(5) | | | | | | | 910,515 | | | | | | | 60,100(6) | | | | | | | 910,515 | | | |
| | | | | | | | 60,100(8) | | | | | | | 706,776 | | | | | | | 60,100(9) | | | | | | | 706,776 | | | | | | | | | | | 69,300(7) | | | | | | | 1,049,895 | | | | | | | 69,300(8) | | | | | | | 1,049,895 | | | |
| | | | | | | | 69,300(10) | | | | | | | 814,968 | | | | | | | 69,300(11) | | | | | | | 814,968 | | | | | | | | | | | 51,075(9) | | | | | | | 773,786 | | | | | | | 51,075(10) | | | | | | | 773,786 | | | | |
| | Richard McGee | | | | | | — | | | | | | | — | | | | | | | 25,150(3) | | | | | | | 295,764 | | | | | Richard McGee | | | | | | — | | | | | | | — | | | | | | | 25,150(3) | | | | | | | 381,023 | | | |
| | | | | | | | 75,190(6) | | | | | | | 884,234 | | | | | | | 75,190(7) | | | | | | | 884,234 | | | | | | | | | | | 60,100(5) | | | | | | | 910,515 | | | | | | | 60,100(6) | | | | | | | 910,515 | | | |
| | | | | | | | 60,100(8) | | | | | | | 706,776 | | | | | | | 60,100(9) | | | | | | | 706,776 | | | | | | | | | | | 69,300(7) | | | | | | | 1,049,895 | | | | | | | 69,300(8) | | | | | | | 1,049,895 | | | |
| | | | | | | | 69,300(10) | | | | | | | 814,968 | | | | | | | 69,300(11) | | | | | | | 814,968 | | | | | | | | | | | 51,075(9) | | | | | | | 773,786 | | | | | | | 51,075(10) | | | | | | | 773,786 | | | | |
| | Chris Chandler | | | | | | — | | | | | | | — | | | | | | | 25,150(3) | | | | | | | 295,764 | | | | | Chris Chandler | | | | | | — | | | | | | | — | | | | | | | 25,150(3) | | | | | | | 381,023 | | | |
| | | | | | | | 250,000(4) | | | | | | | 2,940,000 | | | | | | | 250,000(4) | | | | | | | 2,940,000 | | | | | | | | | | | 250,000(4) | | | | | | | 3,787,500 | | | | | | | 250,000(4) | | | | | | | 3,787,500 | | | |
| | | | | | | | 75,190(6) | | | | | | | 884,234 | | | | | | | 75,190(7) | | | | | | | 884,234 | | | | | | | | | | | 60,100(5) | | | | | | | 910,515 | | | | | | | 60,100(6) | | | | | | | 910,515 | | | |
| | | | | | | | 60,100(8) | | | | | | | 706,776 | | | | | | | 60,100(9) | | | | | | | 706,776 | | | | | | | | | | | 89,350(7) | | | | | | | 1,353,653 | | | | | | | 89,350(8) | | | | | | | 1,353,653 | | | |
| | | | | | | | 89,350(10) | | | | | | | 1,050,756 | | | | | | | 89,350(11) | | | | | | | 1,050,756 | | | | | | | | | | | 65,825(9) | | | | | | | 997,249 | | | | | | | 65,825(10) | | | | | | | 997,249 | | | | |
| | Jeremy Goebel | | | | | | 30,000(5) | | | | | | | 352,800 | | | | | | | — | | | | | | | — | | | | | Jeremy Goebel | | | | | | — | | | | | | | — | | | | | | | 25,150(3) | | | | | | | 381,023 | | | |
| | | | | | | | — | | | | | | | — | | | | | | | 25,150(3) | | | | | | | 295,764 | | | | | | | | | | | 250,000(4) | | | | | | | 3,787,500 | | | | | | | 250,000(4) | | | | | | | 3,787,500 | | | |
| | | | | | | | 250,000(4) | | | | | | | 2,940,000 | | | | | | | 250,000(4) | | | | | | | 2,940,000 | | | | | | | | | | | 60,100(5) | | | | | | | 910,515 | | | | | | | 60,100(6) | | | | | | | 910,515 | | | |
| | | | | | | | 75,190(6) | | | | | | | 884,234 | | | | | | | 75,190(7) | | | | | | | 884,234 | | | | | | | | | | | 89,350(7) | | | | | | | 1,353,653 | | | | | | | 89,350(8) | | | | | | | 1,353,653 | | | |
| | | | | | | | 60,100(8) | | | | | | | 706,776 | | | | | | | 60,100(9) | | | | | | | 706,776 | | | | | | | | | | | 65,825(9) | | | | | | | 997,249 | | | | | | | 65,825(10) | | | | | | | 997,249 | | | |
| | | | | | | | 89,350(10) | | | | | | | 1,050,756 | | | | | | | 89,350(11) | | | | | | | 1,050,756 | | | |
| | Name | | | | Unit Awards | | | ||||||||||
| Number of Units Acquired on Vesting (#)(1) | | | | Value Realized on Vesting ($) | | | |||||||||||
| | Willie Chiang | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | |
| | Harry Pefanis | | | | | | — | | | | | | | — | | | |
| | | | | | | | | | | | | | | | | | |
| | Al Swanson | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | |
| | Richard McGee | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | |
| | Chris Chandler | | | | | | | | | | | | |||||
| | | ||||||||||||||||
| | | | | | | | | | | | | | | | | | |
| | Jeremy Goebel | | | | | | | | | | | | | | | ||
| | | | | | | | 30,000 | | | | | | | | | |
| | | | | | By Reason of Death ($) | | | | By Reason of Disability ($) | | | | By Company without Cause ($) | | | | By Executive with Good Reason ($) | | | | In Connection with a Change In Control ($) | | | | | | | | By Reason of Death ($) | | | | By Reason of Disability ($) | | | | By Company without Cause ($) | | | | By Executive with Good Reason ($) | | | | In Connection with a Change In Control ($) | | | ||||||||||||||||||||||||||||||
| | Willie Chiang(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Willie Chiang(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Equity Compensation | | | | | | 14,575,462(1) | | | | | | | 14,575,462(1) | | | | | | | 11,738,115(2) | | | | | | | — | | | | | | | 19,749,862(3) | | | | | Equity Compensation | | | | | | 19,747,571(1) | | | | | | | 19,747,571(1) | | | | | | | 15,158,624(2) | | | | | | | — | | | | | | | 24,657,686(3) | | | |
| | Total | | | | | | 14,575,462 | | | | | | | 14,575,462 | | | | | | | 11,738,115 | | | | | | | — | | | | | | | 19,749,862 | | | | | Total | | | | | | 19,747,571 | | | | | | | 19,747,571 | | | | | | | 15,158,624 | | | | | | | — | | | | | | | 24,657,686 | | | |
| | Harry Pefanis(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Harry Pefanis(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Salary and Bonus | | | | | | 5,410,000(4) | | | | | | | 5,410,000(4) | | | | | | | 5,410,000(4) | | | | | | | 5,410,000(4) | | | | | | | 8,115,000(5) | | | | | Salary and Bonus | | | | | | 5,410,000(4) | | | | | | | 5,410,000(4) | | | | | | | 5,410,000(4) | | | | | | | 5,410,000(4) | | | | | | | 8,115,000(5) | | | |
| | Health Benefits | | | | | | — | | | | | | | 41,438(6) | | | | | | | 41,438(6) | | | | | | | 41,438(6) | | | | | | | 41,438(6) | | | | | Health Benefits | | | | | | — | | | | | | | 38,595(6) | | | | | | | 38,595(6) | | | | | | | 38,595(6) | | | | | | | 38,595(6) | | | |
| | Total | | | | | | 5,410,000 | | | | | | | 5,451,438 | | | | | | | 5,451,438 | | | | | | | 5,451,438 | | | | | | | 8,156,438 | | | | | Total | | | | | | 5,410,000 | | | | | | | 5,448,595 | | | | | | | 5,448,595 | | | | | | | 5,448,595 | | | | | | | 8,153,595 | | | |
| | Al Swanson(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Al Swanson(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Equity Compensation | | | | | | 3,477,785(1) | | | | | | | 3,477,785(1) | | | | | | | 2,343,086(2) | | | | | | | — | | | | | | | 5,107,721(3) | | | | | Equity Compensation | | | | | | 4,301,843(1) | | | | | | | 4,301,843(1) | | | | | | | 2,774,512(2) | | | | | | | — | | | | | | | 5,849,415(3) | | | |
| | Total | | | | | | 3,477,785 | | | | | | | 3,477,785 | | | | | | | 2,343,086 | | | | | | | — | | | | | | | 5,107,721 | | | | | Total | | | | | | 4,301,843 | | | | | | | 4,301,843 | | | | | | | 2,774,512 | | | | | | | — | | | | | | | 5,849,415 | | | |
| | Richard McGee(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Richard McGee(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Equity Compensation | | | | | | 3,477,785(1) | | | | | | | 3,477,785(1) | | | | | | | 2,343,086(2) | | | | | | | — | | | | | | | 5,107,721(3) | | | | | Equity Compensation | | | | | | 4,301,843(1) | | | | | | | 4,301,843(1) | | | | | | | 2,774,512(2) | | | | | | | — | | | | | | | 5,849,415(3) | | | |
| | Total | | | | | | 3,477,785 | | | | | | | 3,477,785 | | | | | | | 2,343,086 | | | | | | | — | | | | | | | 5,107,721 | | | | | Total | | | | | | 4,301,843 | | | | | | | 4,301,843 | | | | | | | 2,774,512 | | | | | | | — | | | | | | | 5,849,415 | | | |
| | Chris Chandler(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Chris Chandler(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Equity Compensation | | | | | | 9,357,785(1) | | | | | | | 9,357,785(1) | | | | | | | 5,871,086(2) | | | | | | | — | | | | | | | 11,459,297(3) | | | | | Equity Compensation | | | | | | 12,484,358(1) | | | | | | | 12,484,358(1) | | | | | | | 9,111,663(2) | | | | | | | — | | | | | | | 14,478,855(3) | | | |
| | Total | | | | | | 9,357,785 | | | | | | | 9,357,785 | | | | | | | 5,871,086 | | | | | | | — | | | | | | | 11,459,297 | | | | | Total | | | | | | 12,484,358 | | | | | | | 12,484,358 | | | | | | | 9,111,663 | | | | | | | — | | | | | | | 14,478,855 | | | |
| | Jeremy Goebel(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Jeremy Goebel(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Equity Compensation | | | | | | 9,710,585(1) | | | | | | | 9,710,585(1) | | | | | | | 6,223,886(2) | | | | | | | — | | | | | | | 11,812,097(3) | | | | | Equity Compensation | | | | | | 12,484,358(1) | | | | | | | 12,484,358(1) | | | | | | | 9,111,663(2) | | | | | | | — | | | | | | | 14,478,855(3) | | | |
| | Total | | | | | | 9,710,585 | | | | | | | 9,710,585 | | | | | | | 6,223,886 | | | | | | | — | | | | | | | 11,812,097 | | | | | Total | | | | | | 12,484,358 | | | | | | | 12,484,358 | | | | | | | 9,111,663 | | | | | | | — | | | | | | | 14,478,855 | | | |
| | Year | | Summary Compensation Table Total for PEO(1) | | Compensation Actually Paid to PEO(2) | | Average Summary Compensation Table Total for Non-PEO NEOs(1) | | Average Compensation Actually Paid to Non- PEO NEOs(2) | | | Value of Initial Fixed td00 Investment Based On: | | | Net Income/ (Loss) | | Adjusted EBITDA Attributable to PAA | | | | Year | | | | Summary Compensation Table Total for PEO(1) | | | | Compensation Actually Paid to PEO(2) | | | | Average Summary Compensation Table Total for Non-PEO NEOs(1) | | | | Average Compensation Actually Paid to Non- PEO NEOs(2) | | | | Value of Initial Fixed td00 Investment Based On: | | | | Net Income/ (Loss) | | | | Adjusted EBITDA Attributable to PAA | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| Company TSR(3) | | Peer Group TSR(3) | | | Company TSR(3) | | | | Peer Group TSR(3) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | 2022 | | | $ | 8,296,140 | | | | $ | 14,459,710 | | | | $ | 4,387,570 | | | | $ | 8,142,198 | | | | $ | 81.51 | | | | $ | 128.92 | | | $1.23 billion | | $2.51 billion | | | | 2023 | | | | | $ | 7,453,919 | | | | | | $ | 16,427,772 | | | | | | $ | 2,949,247 | | | | | | $ | 6,454,569 | | | | | | $ | 113.53 | | | | | | $ | 147.00 | | | | | $1.50 billion | | | | $2.71 billion | | | ||||||||
| | 2021 | | | $ | 4,392,210 | | | | $ | 4,792,883 | | | | $ | 2,147,374 | | | | $ | 2,385,698 | | | | $ | 60.08 | | | | $ | 106.08 | | | $648 million | | $2.20 billion | | | | 2022 | | | | | $ | 8,296,140 | | | | | | $ | 14,459,710 | | | | | | $ | 4,387,570 | | | | | | $ | 8,142,198 | | | | | | $ | 81.51 | | | | | | $ | 128.92 | | | | | $1.23 billion | | | | $2.51 billion | | | ||||||||
| | 2020 | | | $ | 4,290,241 | | | | $ | 2,401,749 | | | | $ | 1,957,177 | | | | $ | 429,822 | | | | $ | 49.18 | | | | $ | 76.94 | | | $(2.58 billion) | | $2.55 billion | | | | 2021 | | | | | $ | 4,392,210 | | | | | | $ | 4,792,883 | | | | | | $ | 2,147,374 | | | | | | $ | 2,385,698 | | | | | | $ | 60.08 | | | | | | $ | 106.08 | | | | | $648 million | | | | $2.20 billion | | | ||||||||
| | 2020 | | | | | $ | 4,290,241 | | | | | | $ | 2,401,749 | | | | | | $ | 1,957,177 | | | | | | $ | 429,822 | | | | | | $ | 49.18 | | | | | | $ | 76.64 | | | | | $(2.58 billion) | | | | $2.55 billion | | |
| | Year | | | | SCT Total | | | | | | | | | | | Grant Date Fair Value of Awards Granted During the Year | | | | | | | | | | | Fair Value of Equity Calculated Using SEC Methodology | | | | | | | | | | | CAP Total | | | | Year | | | | SCT Total | | | | | | | | | | | Grant Date Fair Value of Awards Granted During the Year | | | | | | | | | | | Fair Value of Equity Calculated Using SEC Methodology | | | | | | | | | | | CAP Total | | | ||||||||||||||||||||||||
| | 2022 | | | | | $ | 8,296,140 | | | | | | | — | | | | | | $ | 3,927,000 | | | | | | | + | | | | | | $ | 10,090,570 | | | | | | | = | | | | | | $ | 14,459,710 | | | | | 2023 | | | | | $ | 7,453,919 | | | | | | | — | | | | | | $ | 3,658,279 | | | | | | | + | | | | | | $ | 12,632,132 | | | | | | | = | | | | | | $ | 16,427,772 | | | |
| | 2021 | | | | | $ | 4,392,210 | | | | | | | — | | | | | | $ | 2,053,850 | | | | | | | + | | | | | | $ | 2,454,523 | | | | | | | = | | | | | | $ | 4,792,883 | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| | 2020 | | | | | $ | 4,290,241 | | | | | | | — | | | | | | $ | 2,247,181 | | | | | | | + | | | | | | $ | 358,689 | | | | | | | = | | | | | | $ | 2,401,749 | | | |
| | Year | | | | YE Fair Value of Current Year Awards Outstanding at YE | | | | | | | | | | | Change in Fair Value as of YE for Prior Year Awards Outstanding at YE | | | | | | | | | | | Change in Fair Value as of Vesting Date for Prior Year Awards that Vested During the Year | | | | | | | | | | | Fair Value of DERs Paid During the Year | | | | | | | | | | | Fair Value of Equity for CAP Purposes | | | | Year | | | | YE Fair Value of Current Year Awards Outstanding at YE | | | | | | | | | | | Change in Fair Value as of YE for Prior Year Awards Outstanding at YE | | | | | | | | | | | Change in Fair Value as of Vesting Date for Prior Year Awards that Vested During the Year | | | | | | | | | | | Fair Value of DERs Paid During the Year | | | | | | | | | | | Fair Value of Equity for CAP Purposes | | | ||||||||||||||||||||||||||||||
| | 2022 | | | | | $ | 4,812,192 | | | | | | | + | | | | | | $ | 4,659,293 | | | | | | | + | | | | | | $ | 219,804 | | | | | | | + | | | | | | $ | 399,281 | | | | | | | = | | | | | | $ | 10,090,570 | | | | | 2023 | | | | | $ | 3,510,732 | | | | | | | + | | | | | | $ | 6,016,326 | | | | | | | + | | | | | | $ | 1,718,016 | | | | | | | + | | | | | | $ | 1,387,058 | | | | | | | = | | | | | | $ | 12,632,132 | | | |
| | 2021 | | | | | $ | 1,579,277 | | | | | | | + | | | | | | $ | 524,435 | | | | | | | + | | | | | | $ | 94,025 | | | | | | | + | | | | | | $ | 256,786 | | | | | | | = | | | | | | $ | 2,454,523 | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | 2020 | | | | | $ | 1,742,482 | | | | | | | + | | | | | | $ | (987,727) | | | | | | | + | | | | | | $ | (661,670) | | | | | | | + | | | | | | $ | 265,604 | | | | | | | = | | | | | | $ | 358,689 | | | |
| | Year | | | | SCT Total | | | | | | | | | | | Grant Date Fair Value of Awards Granted During the Year | | | | | | | | | | | Fair Value of Equity Calculated Using SEC Methodology | | | | | | | | | | | CAP Total | | | | Year | | | | SCT Total | | | | | | | | | | | Grant Date Fair Value of Awards Granted During the Year | | | | | | | | | | | Fair Value of Equity Calculated Using SEC Methodology | | | | | | | | | | | CAP Total | | | ||||||||||||||||||||||||
| | 2022 | | | | | $ | 4,387,570 | | | | | | | — | | | | | | $ | 1,132,761 | | | | | | | + | | | | | | $ | 4,887,389 | | | | | | | = | | | | | | $ | 8,142,198 | | | | | 2023 | | | | | $ | 2,949,247 | | | | | | | — | | | | | | $ | 1,055,607 | | | | | | | + | | | | | | $ | 4,560,929 | | | | | | | = | | | | | | $ | 6,454,569 | | | |
| | 2021 | | | | | $ | 2,147,374 | | | | | | | — | | | | | | $ | 657,014 | | | | | | | + | | | | | | $ | 895,338 | | | | | | | = | | | | | | $ | 2,385,698 | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| | 2020 | | | | | $ | 1,957,177 | | | | | | | — | | | | | | $ | 719,117 | | | | | | | + | | | | | | $ | (808,238) | | | | | | | = | | | | | | $ | 429,822 | | | |
| | Year | | | | YE Fair Value of Current Year Awards Outstanding at YE | | | | | | | | | | | Change in Fair Value as of YE for Prior Year Awards Outstanding at YE | | | | | | | | | | | Change in Fair Value as of Vesting Date for Prior Year Awards that Vested During the Year | | | | | | | | | | | Fair Value of DERs Paid During the Year | | | | | | | | | | | Fair Value of Equity for CAP Purposes | | | | Year | | | | YE Fair Value of Current Year Awards Outstanding at YE | | | | | | | | | | | Change in Fair Value as of YE for Prior Year Awards Outstanding at YE | | | | | | | | | | | Change in Fair Value as of Vesting Date for Prior Year Awards that Vested During the Year | | | | | | | | | | | Fair Value of DERs Paid During the Year | | | | | | | | | | | Fair Value of Equity for CAP Purposes | | | ||||||||||||||||||||||||||||||
| | 2022 | | | | | $ | 1,388,099 | | | | | | | + | | | | | | $ | 3,245,179 | | | | | | | + | | | | | | $ | 78,173 | | | | | | | + | | | | | | $ | 175,938 | | | | | | | = | | | | | | $ | 4,887,389 | | | | | 2023 | | | | | $ | 1,013,032 | | | | | | | + | | | | | | $ | 2,491,868 | | | | | | | + | | | | | | $ | 549,783 | | | | | | | + | | | | | | $ | 506,246 | | | | | | | = | | | | | | $ | 4,560,929 | | | |
| | 2021 | | | | | $ | 505,201 | | | | | | | + | | | | | | $ | 218,628 | | | | | | | + | | | | | | $ | 62,450 | | | | | | | + | | | | | | $ | 109,059 | | | | | | | = | | | | | | $ | 895,338 | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | 2020 | | | | | $ | 557,609 | | | | | | | + | | | | | | $ | (1,237,356) | | | | | | | + | | | | | | $ | (219,632) | | | | | | | + | | | | | | $ | 91,141 | | | | | | | = | | | | | | $ | (808,238) | | | |
| | Most Important Performance Measures | | |
| | Adjusted EBITDA Attributable to PAA | | |
| | DCF per CUE | | |
| | TSR | | |
| | TRIR | | |
| | FRR | | |
| | Name | | | | Fees Earned or Paid in Cash ($) | | | | Stock Awards ($)(1) | | | | All Other Compensation ($) | | | | Total ($) | | | | Name | | | | Fees Earned or Paid in Cash ($) | | | | Stock Awards ($)(1) | | | | All Other Compensation ($) | | | | Total ($) | | | ||||||||||||||||||||||||
| | Greg L. Armstrong(2) | | | | | | 250,000 | | | | | | | — | | | | | | | 15,840 | | | | | | | 265,840 | | | | | Greg L. Armstrong(2) | | | | | | 250,000 | | | | | | | — | | | | | | | 15,840 | | | | | | | 265,840 | | | |
| | Victor Burk | | | | | | 135,000 | | | | | | | 138,624 | | | | | | | — | | | | | | | 273,624 | | | | | Victor Burk | | | | | | 145,000 | | | | | | | 125,500 | | | | | | | — | | | | | | | 270,500 | | | |
| | Ellen R. DeSanctis(3) | | | | | | 49,103 | | | | | | | 138,624 | | | | | | | — | | | | | | | 187,727 | | | | | Ellen R. DeSanctis | | | | | | 130,000 | | | | | | | 125,500 | | | | | | | — | | | | | | | 255,500 | | | |
| | Kevin S. McCarthy | | | | | | 86,250 | | | | | | | 138,624 | | | | | | | — | | | | | | | 224,874 | | | | | Kevin S. McCarthy | | | | | | 115,000 | | | | | | | 125,500 | | | | | | | — | | | | | | | 240,500 | | | |
| | Gary R. Petersen | | | | | | 105,000 | | | | | | | 138,624 | | | | | | | — | | | | | | | 243,624 | | | | | Gary R. Petersen | | | | | | 115,000 | | | | | | | 125,500 | | | | | | | — | | | | | | | 240,500 | | | |
| | Alexandra D. Pruner | | | | | | 120,000 | | | | | | | 138,624 | | | | | | | — | | | | | | | 258,624 | | | | | Alexandra D. Pruner | | | | | | 130,000 | | | | | | | 125,500 | | | | | | | — | | | | | | | 255,500 | | | |
| | John T. Raymond | | | | | | 118,750 | | | | | | | 138,624 | | | | | | | — | | | | | | | 257,374 | | | | | John T. Raymond | | | | | | 130,000 | | | | | | | 125,500 | | | | | | | — | | | | | | | 255,500 | | | |
| | Bobby S. Shackouls | | | | | | 153,750 | | | | | | | 138,624 | | | | | | | — | | | | | | | 292,374 | | | | | Bobby S. Shackouls | | | | | | 165,000 | | | | | | | 125,500 | | | | | | | — | | | | | | | 290,500 | | | |
| | Christopher M. Temple | | | | | | 105,000 | | | | | | | 138,624 | | | | | | | — | | | | | | | 243,624 | | | | | Christopher M. Temple | | | | | | 115,000 | | | | | | | 125,500 | | | | | | | — | | | | | | | 240,500 | | | |
| | Lawrence M. Ziemba | | | | | | 133,750 | | | | | | | 138,624 | | | | | | | — | | | | | | | 272,374 | | | | | Lawrence M. Ziemba | | | | | | 145,000 | | | | | | | 125,500 | | | | | | | — | | | | | | | 270,500 | | | |
| | | | | | Number of LTIP Awards Held as of December 31, | | | |||||||
| | Director Name: | | | | PAGP Phantom Class A Shares (#) | | | | Vesting Date | | | |||
| | Burk | | | | | | | | | | August | | | |
| | | | | | | | 15,290 | | | | | August 2024 | | |
| | | | | | | | 11,900 | | | | | August 2025 | | |
| | ||||||||||||||
Total | | | | | | | | | | | | | |||
| | DeSanctis | | | | | | | | | | August | | | |
| | Total | | | | | | | | | | | | | |
| | McCarthy | | | | | | 8,050 | | | | | August 2024 | | |
| | | | | | | | 10,622 | | | | | August 2024 | | |
| | | | | | | | 11,900 | | | | | August 2025 | | |
| | ||||||||||||||
Total | | | | | | | | | | | | | |||
| | Petersen | | | | | | | | | | August | | | |
| | | | | | | | 15,290 | | | | | August 2024 | | |
| | | | | | | | 11,900 | | | | | August 2025 | | |
| | ||||||||||||||
Total | | | | | | | | | | | | | |||
| | Pruner | | | | | | | | | | August | | | |
| | | | | | | | 15,290 | | | | | August 2024 | | |
| | | | | | | | 11,900 | | | | | August 2025 | | |
| | ||||||||||||||
Total | | | | | | | | | | | | | |||
| | Raymond | | | | | | | | | | August | | | |
| | | | | | | | 15,290 | | | | | August 2024 | | |
| | | | | | | | 11,900 | | | | | August 2025 | | |
| | ||||||||||||||
Total | | | | | | | | | | | | | |||
| | Shackouls | | | | | | | | | | August | | | |
| | | | | | | | 15,290 | | | | | August 2024 | | |
| | | | | | | | 11,900 | | | | | August 2025 | | |
| | ||||||||||||||
Total | | | | | | | | | | |
as of December 31, 2022 | |||||||||||||||
Class A Shares | Date | | | ||||||||||||
| | Temple | | | | | | | | | | August | | | |
| | | | | | | | 15,290 | | | | | August 2024 | | |
| | | | | | | | 11,900 | | | | | August 2025 | | |
| | ||||||||||||||
Total | | | | | | | | | | | | | |||
| | Ziemba | | | | | | | | | | August | | | |
| | | | | | | | 15,290 | | | | | August 2024 | | |
| | | | | | | | 11,900 | | | | | August 2025 | | |
| | ||||||||||||||
Total | | | | | | | | | | | | |
| | Name of Beneficial Owner and Address (in the case of Owners of more than 5%) | | | | Common Units | | | | Percentage of Common Units | | | | Series A Preferred Units(1) | | | | Percentage of Series A Preferred Units | | | | Percentage of Common Unit Equivalents** | | | | Name of Beneficial Owner and Address (in the case of Owners of more than 5%) | | | | Common Units | | | | Percentage of Common Units | | | | Series A Preferred Units(1) | | | | Percentage of Series A Preferred Units | | | | Percentage of Common Unit Equivalents** | | | ||||||||||||||||||||||||||||||
| | Plains AAP, L.P.(2) | | | | | | 241,002,428 | | | | | | | 34.5% | | | | | | | — | | | | | | | — | | | | | | | 31.3% | | | | | Plains AAP, L.P.(2) | | | | | | 232,653,928 | | | | | | | 33.2% | | | | | | | — | | | | | | | — | | | | | | | 30.1% | | | |
| | ALPS Advisors, Inc.(3) | | | | | | 55,340,191 | | | | | | | 7.9% | | | | | | | — | | | | | | | — | | | | | | | 7.2% | | | | | ALPS Advisors, Inc.(3) | | | | | | 60,732,044 | | | | | | | 8.7% | | | | | | | — | | | | | | | — | | | | | | | 7.9% | | | |
| | EnCap Partners LLC(4) | | | | | | — | | | | | | | — | | | | | | | 25,357,120 | | | | | | | 35.7% | | | | | | | 3.3% | | | | | EnCap Partners LLC(4) | | | | | | — | | | | | | | — | | | | | | | 25,357,120 | | | | | | | 35.7% | | | | | | | 3.3% | | | |
| | EMG Fund IV PAA Holdings, LLC(5) | | | | | | — | | | | | | | — | | | | | | | 20,376,259 | | | | | | | 28.7% | | | | | | | 2.6% | | | | | EMG Fund IV PAA Holdings, LLC(5) | | | | | | — | | | | | | | — | | | | | | | 20,376,259 | | | | | | | 28.7% | | | | | | | 2.6% | | | |
| | FR XIII PAA Holdings Holdco LLC(6) | | | | | | — | | | | | | | — | | | | | | | 12,678,560 | | | | | | | 17.8% | | | | | | | 1.6% | | | | | FR XIII PAA Holdings Holdco LLC(6) | | | | | | — | | | | | | | — | | | | | | | 6,643,139 | | | | | | | 9.3% | | | | | | | * | | | |
| | Stonepeak Partners LLC(7) | | | | | | — | | | | | | | — | | | | | | | 6,339,278 | | | | | | | 8.9% | | | | | | | * | | | | | Stonepeak Partners LLC(7) | | | | | | — | | | | | | | — | | | | | | | 6,339,278 | | | | | | | 8.9% | | | | | | | * | | | |
| | PES Armand KF Holdings LP(8) | | | | | | — | | | | | | | — | | | | | | | 4,528,054 | | | | | | | 6.4% | | | | | | | * | | | | | Atlas Point Energy Infrastructure Fund LLC(8) | | | | | | — | | | | | | | — | | | | | | | 4,380,953 | | | | | | | 6.2% | | | | | | | * | | | |
| | Willie Chiang(11) | | | | | | 331,784(9) | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | | | Willie Chiang(11) | | | | | | 592,641(9) | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | |
| | Harry N. Pefanis(11) | | | | | | 420,194 | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | | | Harry N. Pefanis(11) | | | | | | 420,194 | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | |
| | Al Swanson(11) | | | | | | 288,855(9) | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | | | Al Swanson(11) | | | | | | 393,200(9) | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | |
| | Richard McGee(11) | | | | | | 293,307(9) | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | | | Richard McGee(11) | | | | | | 397,652(9) | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | |
| | Chris Chandler(11) | | | | | | 149,846(9) | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | | | Chris Chandler(11) | | | | | | 254,191(9) | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | |
| | Jeremy Goebel(11) | | | | | | 209,878(9) | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | | | Jeremy Goebel(11) | | | | | | 279,223(9) | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | |
| | Greg L. Armstrong(11) | | | | | | 1,508,418 | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | | | Greg L. Armstrong(11) | | | | | | 1,508,418 | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | |
| | Victor Burk(11) | | | | | | 37,043 | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | | | Victor Burk(11) | | | | | | 37,043 | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | |
| | Ellen DeSanctis(11) | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | Ellen DeSanctis(11) | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | Kevin S. McCarthy(11) | | | | | | 200,000 | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | | | Kevin S. McCarthy(11) | | | | | | 200,000 | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | |
| | Gary R. Petersen(4)(11) | | | | | | 68,200 | | | | | | | * | | | | | | | 25,357,120 | | | | | | | 35.7% | | | | | | | 3.3% | | | | | Gary R. Petersen(4)(11) | | | | | | 68,200 | | | | | | | * | | | | | | | 25,357,120 | | | | | | | 35.7% | | | | | | | 3.3% | | | |
| | Alexandra D. Pruner(11) | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | Alexandra D. Pruner(11) | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | John T. Raymond(5)(11) | | | | | | 1,602,616 | | | | | | | * | | | | | | | 20,376,259 | | | | | | | 28.7% | | | | | | | 2.9% | | | | | John T. Raymond(5)(11) | | | | | | 1,602,616 | | | | | | | * | | | | | | | 20,376,259 | | | | | | | 28.7% | | | | | | | 2.8% | | | |
| | Bobby S. Shackouls(11) | | | | | | 35,033 | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | | | Bobby S. Shackouls(11) | | | | | | 35,033 | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | |
| | Christopher M. Temple(11) | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | Christopher M. Temple(11) | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | Lawrence M. Ziemba(11) | | | | | | 2,346 | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | | | Lawrence M. Ziemba(11) | | | | | | 2,346 | | | | | | | * | | | | | | | — | | | | | | | — | | | | | | | * | | | |
| | All directors and executive officers as a group (17 persons)(11) | | | | | | 5,231,004(9)(10) | | | | | | | * | | | | | | | 45,733,379(10) | | | | | | | 64.3% | | | | | | | 6.6% | | | | | All directors and executive officers as a group (17 persons)(11) | | | | | | 5,928,413(9)(10) | | | | | | | * | | | | | | | 45,733,379(10) | | | | | | | 64.3% | | | | | | | 6.7% | | | |
| | Name | | | | Total PAA Common and Series A Preferred Units | | | | PAGP Class A Shares | | | | PAGP Class B Shares | | | | Total PAGP Class A and Class B Shares | | | | Total Combined PAA/ PAGP Ownership | | | | Percentage of Overall Voting Interests | | | | Name | | | | Total PAA Common and Series A Preferred Units | | | | PAGP Class A Shares | | | | PAGP Class B Shares | | | | Total PAGP Class A and Class B Shares | | | | Total Combined PAA/ PAGP Ownership | | | | Percentage of Overall Voting Interests | | | ||||||||||||||||||||||||||||||||||||
| | Willie Chiang | | | | | | 331,784 | | | | | | | 241,704 | | | | | | | 353,489 | | | | | | | 595,193 | | | | | | | 926,977 | | | | | | | * | | | | | Willie Chiang | | | | | | 592,641 | | | | | | | 378,704 | | | | | | | 353,489 | | | | | | | 732,193 | | | | | | | 1,324,834 | | | | | | | * | | | |
| | Harry Pefanis | | | | | | 420,194 | | | | | | | 1,108,653 | | | | | | | 2,268,988 | | | | | | | 3,377,641 | | | | | | | 3,797,835 | | | | | | | * | | | | | Harry Pefanis | | | | | | 420,194 | | | | | | | 1,108,653 | | | | | | | 2,268,988 | | | | | | | 3,377,641 | | | | | | | 3,797,835 | | | | | | | * | | | |
| | Al Swanson | | | | | | 288,855 | | | | | | | 1,351,839 | | | | | | | — | | | | | | | 1,351,839 | | | | | | | 1,640,694 | | | | | | | * | | | | | Al Swanson | | | | | | 393,200 | | | | | | | 1,351,839 | | | | | | | — | | | | | | | 1,351,839 | | | | | | | 1,745,039 | | | | | | | * | | | |
| | Richard McGee | | | | | | 293,307 | | | | | | | — | | | | | | | 429,346 | | | | | | | 429,346 | | | | | | | 722,653 | | | | | | | * | | | | | Richard McGee | | | | | | 397,652 | | | | | | | — | | | | | | | 429,346 | | | | | | | 429,346 | | | | | | | 826,998 | | | | | | | * | | | |
| | Chris Chandler | | | | | | 149,846 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 149,846 | | | | | | | * | | | | | Chris Chandler | | | | | | 254,191 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 254,191 | | | | | | | * | | | |
| | Jeremy Goebel | | | | | | 209,878 | | | | | | | 1,314 | | | | | | | 35,350 | | | | | | | 36,664 | | | | | | | 246,542 | | | | | | | * | | | | | Jeremy Goebel | | | | | | 279,223 | | | | | | | 1,314 | | | | | | | 35,350 | | | | | | | 36,664 | | | | | | | 315,887 | | | | | | | * | | | |
| | Greg Armstrong | | | | | | 1,508,418 | | | | | | | 1,865,812 | | | | | | | 4,492,268 | | | | | | | 6,358,080 | | | | | | | 7,866,498 | | | | | | | 1.0% | | | | | Greg Armstrong | | | | | | 1,508,418 | | | | | | | 1,865,812 | | | | | | | 4,492,268 | | | | | | | 6,358,080 | | | | | | | 7,866,498 | | | | | | | 1.0 | | | |
| | Victor Burk | | | | | | 37,043 | | | | | | | 12,013 | | | | | | | — | | | | | | | 12,013 | | | | | | | 49,056 | | | | | | | * | | | | | Victor Burk | | | | | | 37,043 | | | | | | | 28,633 | | | | | | | — | | | | | | | 28,633 | | | | | | | 65,676 | | | | | | | * | | | |
| | Ellen DeSanctis | | | | | | — | | | | | | | 10,000 | | | | | | | — | | | | | | | 10,000 | | | | | | | 10,000 | | | | | | | * | | | | | Ellen DeSanctis | | | | | | — | | | | | | | 21,400 | | | | | | | — | | | | | | | 21,400 | | | | | | | 21,400 | | | | | | | * | | | |
| | Kevin McCarthy | | | | | | 200,000 | | | | | | | 99,069 | | | | | | | — | | | | | | | 99,069 | | | | | | | 299,069 | | | | | | | * | | | | | Kevin McCarthy | | | | | | 200,000 | | | | | | | 110,469 | | | | | | | — | | | | | | | 110,469 | | | | | | | 310,469 | | | | | | | * | | | |
| | Gary Petersen | | | | | | 25,425,320 | | | | | | | 8,634 | | | | | | | — | | | | | | | 8,634 | | | | | | | 25,433,954 | | | | | | | 3.3% | | | | | Gary Petersen | | | | | | 25,425,320 | | | | | | | 25,254 | | | | | | | — | | | | | | | 25,254 | | | | | | | 25,450,574 | | | | | | | 3.3 | | | |
| | Alexandra Pruner | | | | | | — | | | | | | | 21,384 | | | | | | | — | | | | | | | 21,384 | | | | | | | 21,384 | | | | | | | * | | | | | Alexandra Pruner | | | | | | — | | | | | | | 38,004 | | | | | | | — | | | | | | | 38,004 | | | | | | | 38,004 | | | | | | | * | | | |
| | John Raymond | | | | | | 21,978,875 | | | | | | | 256,934 | | | | | | | 11,458,736 | | | | | | | 11,715,670 | | | | | | | 33,694,545 | | | | | | | 4.4% | | | | | John Raymond | | | | | | 21,978,875 | | | | | | | 272,504 | | | | | | | 11,458,736 | | | | | | | 11,731,240 | | | | | | | 33,710,115 | | | | | | | 4.4 | | | |
| | Bobby Shackouls | | | | | | 35,033 | | | | | | | 13,891 | | | | | | | — | | | | | | | 13,891 | | | | | | | 48,924 | | | | | | | * | | | | | Bobby Shackouls | | | | | | 35,033 | | | | | | | 30,511 | | | | | | | — | | | | | | | 30,511 | | | | | | | 65,544 | | | | | | | * | | | |
| | Chris Temple | | | | | | — | | | | | | | 23,629 | | | | | | | — | | | | | | | 23,629 | | | | | | | 23,629 | | | | | | | * | | | | | Chris Temple | | | | | | — | | | | | | | 40,249 | | | | | | | — | | | | | | | 40,249 | | | | | | | 40,249 | | | | | | | * | | | |
| | Lawrence Ziemba | | | | | | 2,346 | | | | | | | 27,010 | | | | | | | — | | | | | | | 27,010 | | | | | | | 29,356 | | | | | | | * | | | | | Lawrence Ziemba | | | | | | 2,346 | | | | | | | 44,890 | | | | | | | — | | | | | | | 44,890 | | | | | | | 47,236 | | | | | | | * | | | |
| | All directors and executive officers as a group (17 persons) | | | | | | 50,964,383 | | | | | | | 5,041,886 | | | | | | | 19,184,581 | | | | | | | 24,226,467 | | | | | | | 75,190,850 | | | | | | | 9.8% | | | | | All directors and executive officers as a group (17 persons) | | | | | | 51,661,792 | | | | | | | 5,318,236 | | | | | | | 19,184,581 | | | | | | | 24,502,817 | | | | | | | 76,164,609 | | | | | | | 9.9 | | | |
| | Name of Owner and Address (in the case of Owners of more than 5%) | | | | Percentage Ownership of Plains AAP, L.P. Class A LP Interest(1) | | | |||
| | Plains GP Holdings, L.P. | | | | | | | | | |
| | 333 Clay Street, Suite 1600 | | | | | | | | | |
| | Houston, TX 77002 | | | | | | | | | |
| | ||||||||||
Lynx Holdings I, LLC | | | | | | | | | |||
| | John T. Raymond | | | | | | | | | |
| | Greg L. Armstrong | | | | | | | | | |
| | Willie Chiang | | | | | | * | | | |
| | Harry N. Pefanis | | | | | | * | | | |
| | Richard McGee | | | | | | * | | | |
| | Jeremy Goebel | | | | | | * | | | |
| | Various Individual and Other Investors | | | | | | | | |
| | Plan Category | | | | Number of Units to be Issued upon Exercise/Vesting of Outstanding Options, Warrants and Rights (a) | | | | Weighted Average Exercise Price of Outstanding Options, Warrants and Rights (b) | | | | Number of Units Remaining Available for Future Issuance under Equity Compensation Plans (c) | | | |||||||||
| | Equity compensation plans approved by unitholders: | | | | | | | | | | | | | | | | | | | | | | | |
| | 2021 Long Term Incentive Plan | | | | | | | | | | | | N/A(2) | | | | | | | | | | ||
| | Equity compensation plans not approved by unitholders: | | | | | | | | | | | | | | | | | | | | | | | |
| | PNG Successor Plan | | | | | | | | | | | | N/A(2) | | | | | | | | | |
| | | | Victor Burk, Chair Ellen R. DeSanctis Alexandra D. Pruner Lawrence M. Ziemba | |
| | | Year Ended December 31, | | | | Year Ended December 31, | | ||||||||||||||||||||
| | | 2022 | | 2021 | | | | 2023 | | 2022 | | ||||||||||||||||
| Audit fees(1) | | | $ | 6.1 | | | | $ | 4.5 | | | Audit fees(1) | | | $ | 5.8 | | | | $ | 6.1 | | | ||||
| Audit-related fees(2) | | | | — | | | | | 0.9 | | | Audit-related fees(2) | | | | 0.5 | | | | | — | | | ||||
| Tax fees(3) | | | | 1.6 | | | | | 1.8 | | | Tax fees(3) | | | | 1.6 | | | | | 1.6 | | | ||||
| Total | | | $ | 7.7 | | | | $ | 7.2 | | | Total | | | $ | 7.9 | | | | $ | 7.7 | | |