Company: PAGP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001581990-25-000006
Chunk: 240

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 240
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 Units— 258,047 — Exchange Right exercises179,150 (179,150)— Redemption Right exercises— (518,464)518,464 Repurchase and cancellation of common units by a subsidiary under the Common Equity Repurchase Program— — (7,251,361)Other35,715 — 578,604 Outstanding at December 31, 2022194,407,642 46,205,947 528,442,538 Conversion of AAP Management Units— 388,839 — Exchange Right exercises1,869,768 (1,869,768)— Redemption Right exercises— (8,487,850)8,487,850 Other139,350 — 2,514,901 Outstanding at December 31, 2023196,416,760 36,237,168 539,445,289 Exchange Right exercises846,937 (846,937)— Other202,002 — 2,559,549 Outstanding at December 31, 2024197,465,699 35,390,231 542,004,838 Distributions to Our ShareholdersWe distribute 100% of our available cash within 55 days following the end of each quarter to Class A shareholders of record. Available cash is generally defined as all cash on hand at the date of determination of available cash for the distribution in respect to such quarter (including expected distributions from AAP in respect of such quarter), less reserves established by our general partner for future requirements.The following table details distributions paid to our Class A shareholders during the years presented (in millions, except per share data):YearDistributions to Class A ShareholdersDistributions per Class A Share2024$251 $1.2700 2023$209 $1.0700 2022$162 $0.8325 

F-34

Table of ContentsIndex to Financial StatementsPLAINS GP HOLDINGS, L.P. AND SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

On January 7, 2025, we declared a cash distribution of $0.38 per outstanding Class A share. This distribution of $75 million was paid on February 14, 2025 to shareholders of record at the close of business on January 31, 2025, for the period October