Company: PAGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001104659-25-033938
Chunk: 71

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 71
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(2) Mr. Armstrong served as Senior Advisor to the CEO during 2024 and received a salary of $293,750 and other compensation of $18,465 (comprising 401(k) plan matching contributions and premium payments for group term life insurance) for his services as an employee and as a director. Pursuant to his employment agreement, which was amended and restated in May 2024, Mr. Armstrong will continue to serve as a director and will also serve as Senior Advisor to the CEO until the date of the 2027 annual meeting and he will receive an annual base salary of $325,000 for these services. Mr. Armstrong does not hold any LTIP awards. (3) Mr. Temple served as a Director until May 2024. Amount in table reflects partial year of compensation. Compensation Adjustments for Non-Employee Directors In February 2024, based on updated market data received from Meridian and in order to stay competitive with our peers and remain positioned to attract new directors, the Compensation Committee recommended, and the Board approved, (i) a $5,000 increase in the additional annual retainer paid to committee chairs other than the Audit Committee chair from $15,000 to $20,000, and (ii) a $20,000 increase in the value of annual equity awards for non-employee directors from $125,000 to $145,000. Cash Retainers and Expense Reimbursement During 2024, our non-employee directors received an annual retainer fee of $115,000. In addition to their annual retainer, each committee chair (other than the Audit Committee chair) received an additional retainer of $20,000, the Audit Committee chair received an additional retainer of $30,000, each other member of the Audit Committee received an additional retainer of $15,000, and the Lead Director received an additional retainer of $35,000. As a result of the increase in the additional retainer paid to committee chairs (other than the Audit Committee chair) that was approved in February 2024, the amounts shown in the table above reflect a blended rate for those directors who served as committee chairs during 2024 (other than the Audit Committee chair).

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TABLE OF CONTENTS Non-employee directors are reimbursed for reasonable travel, lodging and other out-of-pocket expenses related to meeting attendance or otherwise related to service on the Board (including, without limitation, reimbursement for continuing