Company: PAGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001104659-25-033938
Chunk: 50

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 50
---
 | ​ | ​                                                                                              | ​ | 89,350(5)  | ​ | ​ | ​ | ​ | ​                                                                                                                | ​ | 1,526,098 | ​ | ​ | ​ |
| ​ | ​ | ​              | ​ | ​ | ​ | ​                                                       | ​ | 65,825(6)  | ​ | ​ | ​ | ​ | ​                                                              | ​ | 1,124,291 | ​ | ​ | ​ | ​ | ​                                                                                              | ​ | 65,825(7)  | ​ | ​ | ​ | ​ | ​                                                                                                                | ​ | 1,124,291 | ​ | ​ | ​ |
| ​ | ​ | ​              | ​ | ​ | ​ | ​                                                       | ​ | 71,550(8)  | ​ | ​ | ​ | ​ | ​                                                              | ​ | 1,222,074 | ​ | ​ | ​ | ​ | ​                                                                                              | ​ | 71,550(9)  | ​ | ​ | ​ | ​ | ​                                                                                                                | ​ | 1,222,074 | ​ | ​ | ​ |

(1) Market value of phantom units reported in these columns is calculated by multiplying the closing market price ($17.08) of PAA’s common units on December 31, 2024 (the last trading day of the fiscal year) by the target number of units. No discount is applied for remaining performance threshold or service period requirements.

46

TABLE OF CONTENTS (2) Represents phantom units granted to Mr. Chiang in August 2018. These phantom units, which were granted in connection with Mr. Chiang’s promotion to CEO, will vest as follows: (i) 25% will vest upon the later of October 1, 2023 and the first distribution date on which PAA will have generated DCF per common unit of at least $3.00 on a trailing four quarter basis, and (ii) 75% will vest upon the later of October 1, 2023 and the first distribution date on which PAA will have generated DCF per common unit of at least $3.50 on a trailing four quarter basis, in both cases with the initial performance-related measurement period beginning on or after January 1, 2021. Upon vesting, the phantom units are payable on a one-for-one basis in PAA common units. Any phantom units or DERs that have not vested