Company: PAGP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001581990-25-000006
Chunk: 155

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 155
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 B shares and general partner units (if any), in each case, to us. The AAP units transferred to AAP will be canceled, the Class B shares transferred to us will be canceled and any general partner units transferred to us will remain outstanding and increase our ownership percentage in our general partner. Additionally, we will issue a corresponding number of Class C shares to PAA.Shares OutstandingThe following table presents the activity for our Class A shares, Class B shares and Class C shares:Class A SharesClass B SharesClass C SharesOutstanding at December 31, 2021194,192,777 46,645,514 534,596,831 Conversion of AAP Management Units— 258,047 — Exchange Right exercises179,150 (179,150)— Redemption Right exercises— (518,464)518,464 Repurchase and cancellation of common units by a subsidiary under the Common Equity Repurchase Program— — (7,251,361)Other35,715 — 578,604 Outstanding at December 31, 2022194,407,642 46,205,947 528,442,538 Conversion of AAP Management Units— 388,839 — Exchange Right exercises1,869,768 (1,869,768)— Redemption Right exercises— (8,487,850)8,487,850 Other139,350 — 2,514,901 Outstanding at December 31, 2023196,416,760 36,237,168 539,445,289 Exchange Right exercises846,937 (846,937)— Other202,002 — 2,559,549 Outstanding at December 31, 2024197,465,699 35,390,231 542,004,838 Distributions to Our ShareholdersWe distribute 100% of our available cash within 55 days following the end of each quarter to Class A shareholders of record. Available cash is generally defined as all cash on hand at the date of determination of available cash for the distribution in respect to such quarter (including expected distributions from AAP in respect of such quarter), less reserves established by our general partner for future requirements.The following table details distributions paid to our Class A shareholders during the years presented (in millions, except per share data):YearDistributions to Class A ShareholdersD