Company: PAGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001104659-25-033938
Chunk: 49

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 49
---
iang’s previous employment agreement was amended and restated in connection with his promotion to CEO in October 2018. Pursuant to the amended and restated agreement, which may be terminated by the Company or by Mr. Chiang at any time, Mr. Chiang’s compensation, which is described throughout this Executive Compensation section, is subject to adjustment by the Compensation Committee and full Board. The initial three-year term of Mr. Pefanis’ current employment agreement commenced on June 30, 2001, and is automatically extended for one year on June 30 of each year (such that the term is reset to three years) unless Mr. Pefanis receives notice from the Chairman of the Board that the Board has elected not to extend the agreement. Pursuant to Mr. Pefanis’ current agreement, Mr. Pefanis’ compensation, which is described throughout this Executive Compensation section, is subject to adjustment by the Compensation Committee and full Board. See “— Potential Payments upon Termination or Change-In-Control” for a discussion of the provisions in Mr. Pefanis’ current employment agreement related to termination, change of control and related payment obligations. In connection with Mr. Pefanis’ previously announced retirement as President, which will become effective June 1, 2025, his employment agreement will be amended and restated to provide that from and after his retirement, he will serve as a Senior Advisor to the CEO until the date of the 2028 annual meeting and that he will receive an annual base salary of $325,000. 45

TABLE OF CONTENTS

Outstanding Equity Awards at Fiscal Year-End The following table sets forth certain information regarding outstanding equity awards for each of our Named Executive Officers as of December 31, 2024:

| ​ | ​ | ​              | ​ | ​ | ​ | Unit Awards                                             |   |            |   |   |   |   |                                                                |   |           |   |   |   |   |                                                                                                |   |            |   |   |   |   |                                                                                                                  |   |           |   | ​ | ​ |
| ​ | ​ | Name           | ​ | ​ | ​ | Number ofShares orUnits of StockThat HaveNot Vested (#) |   |            |   | ​ | ​ | ​ | MarketValue ofShares orUnits ofStock ThatHave NotVested ($)(1) |   |           |   | ​ | ​ | ​ | EquityIncentive