Form 4: Plains GP Holdings Director Petersen Reports Share Transactions

Director Gary R. Petersen reports acquisition and disposal of Class A shares and Phantom Class A shares in Plains GP Holdings LP.

Summary

• On August 14, 2024, Gary R. Petersen, a director of Plains GP Holdings LP, reported transactions involving Class A shares and Phantom Class A shares.
• Petersen acquired 15,290 Class A shares and disposed of 40,544 Class A shares.
• He also acquired 8,050 Class A shares.
• Additionally, Petersen acquired 15,290 and 8,050 Phantom Class A shares on August 14, 2024, and 7,650 Phantom Class A shares on August 15, 2024.
• The Phantom Class A shares are granted under the Long-Term Incentive Plan and include associated dividend equivalent rights payable in cash.
• One Class A share is deliverable for each Phantom Class A share that vests.
• The Phantom Class A shares vest upon termination of service as a director, except in cases of death, disability, or retirement.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing share transactions. It doesn't convey any inherent positive or negative sentiment.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't offer specific insights into broader industry trends but reflects the compensation and equity ownership structure within Plains GP Holdings LP.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company directors as it can provide insights into their perspective on the company's value.

Key Dates