Form 4: Plains GP Holdings Director Bobby S. Shackouls Reports Changes in Beneficial Ownership

Director Bobby S. Shackouls reports transactions involving Class A Shares and Phantom Class A Shares of Plains GP Holdings LP.

Summary

• On August 14, 2024, Bobby S. Shackouls, a director of Plains GP Holdings LP, reported transactions involving Class A Shares and Phantom Class A Shares.
• He acquired 15,290 Class A Shares and disposed of 15,290 Phantom Class A Shares, both at a price of $0.
• Additionally, he acquired 8,050 Class A Shares and disposed of 8,050 Phantom Class A Shares, also at $0.
• Following these transactions, Shackouls directly owns 49,345 Class A Shares and indirectly owns 4,506 Class A Shares through his spouse.
• On August 15, 2024, Shackouls acquired 7,650 Phantom Class A Shares at $0, bringing his total direct ownership of these shares to 7,650.
• These Phantom Class A shares vest upon termination of service as a director, excluding termination due to death, disability, or retirement.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The document does not contain specific forward-looking statements, but it outlines the vesting conditions for Phantom Class A shares upon termination of service as a director.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company directors and their holdings in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading activities.
• Similar filings are made by directors and officers of comparable companies like Enterprise Products Partners (EPD) and Energy Transfer LP (ET) when they engage in transactions involving their company's securities.
• The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934, ensuring a level playing field across the industry.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the trading activities of a company director.
• It assures stakeholders that insider transactions are being monitored and reported as required by regulations.

Key Dates