Company: PAGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001104659-25-033938
Chunk: 29

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 29
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 compensation for our executive officers and directors. In fulfilling its oversight responsibilities, the Compensation Committee reviewed and discussed the following Compensation Discussion and Analysis (sometimes referred to as “CD&A”) with management and, based on such review and discussion, has recommended to the Board that the Compensation Discussion and Analysis be included in this proxy statement. John T. Raymond, Chair
Gary R. Petersen
Bobby S. Shackouls Compensation Discussion and Analysis * For 2024, our Named Executive Officers (sometimes referred to as “NEOs”) include our CEO, our President, our CFO, and the three most highly compensated executive officers (other than our CEO and CFO). Our NEOs for 2024 include the following individuals:

| ​ | ​ | 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     | ​ | ​ |

Executive Compensation General Philosophy and Approach Our executive compensation philosophy emphasizes pay for performance, at both an individual and entity level, and places a significant portion of each Named Executive Officer’s compensation at risk. We believe this approach aligns the interests of our executive officers with the interests of our equity holders and at the same time allows us to attract, motivate and retain key executives. The table below highlights some of the key features of our executive compensation program:

* Our Named Executive Officers are employed by GP LLC and spend the substantial majority of their time managing the business of PAA, which benefits us as PAA’s performance will determine our success. We do not have operations that are separate from PAA and we do not separately compensate our Named Executive Officers for any services provided to us. As a result, this CD&A describes the compensation of our Named Executive Officers as it related to their services performed on behalf of PAA during 2024