Company: PAGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001104659-25-033938
Chunk: 62

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 62
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4 above), (ii) by reason of death or (iii) by resignation (unless such resignation is due to a disability or for good reason (each as defined in footnote 4 above)), then he is entitled to continue to participate, for a period which is the lesser of two years from the date of termination or the remaining term of the employment agreement, in such health and accident plans or arrangements as are made available by GP LLC to its executive officers generally. The amounts provided in the table assume a termination date of December 31, 2024 with two years remaining on the term of his agreement. (7) If Messrs. Chiang, Pefanis, Swanson, McGee, Chandler or Goebel were terminated for cause, or if Mr. Pefanis terminates his employment by providing notice pursuant to his employment agreement, GP LLC would be obligated to pay base salary through the date of termination, with no other payment obligation triggered by the termination under any employment arrangement. 53 TABLE OF CONTENTS Confidentiality, Non-Compete and Non-Solicitation Arrangements Mr. Chiang has agreed to maintain the confidentiality of certain information and not to solicit customers, assets and employees for two years following termination of his employment. Mr. Pefanis has agreed to maintain the confidentiality of PAA information for a period of one year following the termination of his employment. Messrs. McGee and Chandler have each agreed to maintain the confidentiality of certain information and not to solicit customers for a period of two years after termination of their employment. Pay Ratio Disclosure As required by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(u) of Regulation S-K, we are providing the following information about the relationship of the annual total compensation of our employees and the annual total compensation of Willie Chiang, our CEO during 2024: • The annual total compensation for Mr. Chiang for 2024 was $8,511,945. • The annual total compensation for the median employee for 2024 was $141,736. • The ratio of Mr. Chiang’s pay to the pay of our median employee for 2024 was approximately 60.05 to 1. PAA’s median employee was identified as of December 31, 2024 using the following methodology: • A list was prepared of all individuals, excluding the CEO, who were employed by PAA on December 31, 2024. We included all U.S.