Company: PAGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001104659-25-033938
Chunk: 23

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 23
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 Board has designated one of our independent directors (Bobby Shackouls) to serve as Lead Director. Consistent with the Board’s belief that rotation of the Lead Director role after five years is a good governance practice, Mr. Shackouls will step down from the Lead Director role and Mr. Raymond will assume the Lead Director role effective June 1, 2025. Our governing documents also require that at least a majority of directors must meet the independence requirements of the national securities exchange on which the securities of PAA and PAGP are listed (currently Nasdaq). The Board is divided into three staggered classes such that the terms for the directors within each class expire on a rotating three-year basis, as set forth below. The Board (excluding directors whose terms are expiring) and, subject to certain ownership and notice requirements, holders of Class A, B or C shares have the right to nominate individuals to stand for election at an annual meeting. For a description of such ownership and notice requirements, see “Director Nominations and Shareholder Proposals for the 2026 Annual Meeting” on page 73. Individuals elected at an annual meeting will serve for a term of three years, subject to their earlier resignation, death or removal. If an individual is elected to the Board to fill a vacancy, that director will have the same remaining term as his or her predecessor. All directors standing for election at the 2025 PAA and PAGP Annual Meetings were nominated by the Board (excluding the vote of the directors whose terms are expiring); no other nominations were received.

| ​ | ​ | ​                                                                               | ​ | ​ | ​ | Independent | ​ | ​ | ​ | AuditCommittee | ​ | ​ | ​ | CompensationCommittee | ​ | ​ | ​ | GovernanceCommittee | ​ | ​ | ​ | HSESCommittee | ​ | ​ | ​ | BoardChair | ​ | ​ | ​ | LeadDirector | ​ | ​ |
| ​ | ​ | Class I Directors(Term expires 2026)                                            | ​ | ​ | ​ | ​           | ​ | ​ | ​ | ​              | ​ | ​ | ​ | ​                     | ​ | ​ | ​ | ​                   | ​ | ​ | ​ | ​             | ​ | ​ | ​ | ​          | ​ | ​ | ​ | ​            | ​ | ​ |
| ​ | ​ | Willie Chiang,Chairman of theBoard and CEO                                      | ​ | ​ | ​ |             | ​ |