Company: PAGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001104659-25-033938
Chunk: 44

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 44
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| ​ | ​ | ​                                                      | 2022 | ​ | ​ | ​    | ​ |    ​ | ​ | 550,000 | ​ | ​ | ​            | ​ |       ​ | ​ | 4,081,569 | ​ | ​ | ​                 | ​ |         ​ | ​ | 1,730,000 | ​ | ​ | ​                                         | ​ |         ​ | ​ | 19,140 | ​ | ​ | ​                           | ​ |      ​ | ​ | 6,380,709 | ​ | ​ | ​        |   |           |   |   |   |

(1) As described above in CD&A, Mr. Chiang’s annual base salary was increased effective April 1, 2024. The amount shown in the table for 2024 for Mr. Chiang reflects a blended rate. (2) Grant date fair values are presented for (i) phantom unit grants awarded to Messrs. Chiang, Swanson, McGee, Chandler and Goebel in August 2022, 2023 and 2024, and (ii) a portion of phantom unit grants awarded to Messrs. Chandler and Goebel in November 2019, which were amended in February 2022. Dollar amounts in the table represent the aggregate grant date fair value of phantom units awarded based on the probable outcome of underlying performance conditions

42

TABLE OF CONTENTS pursuant to FASB ASC Topic 718. See Note 17 to our Consolidated Financial Statements included in our 2024 Annual Report for further discussion regarding the calculation of grant date fair values. For phantom unit grants awarded to Messrs. Chandler and Goebel in November 2019, 50% were deemed probable of vesting on the grant date. The probability-based grant date fair value of the phantom unit grants awarded in November 2019 was $3,901,500; the maximum grant date fair value of phantom unit grants awarded in November 2019, assuming that the highest level of performance conditions will be met, was $6,865,000 for each of Messrs. Chandler and Goebel. The November 2019 phantom unit grants were amended in February 2022 to replace the original DCF/ CUE metric in the performance-based portion of the award with a relative TSR metric. As a result of the amendment, 100% of the grants were deemed probable of vesting on the amendment date. The amounts presented for each of