Form 4: Plains GP Holdings Director Victor Burk Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Victor Burk reports acquisition and disposal of Class A Shares and Phantom Class A Shares in Plains GP Holdings LP.
Summary
- On August 14, 2024, Director Victor Burk acquired 15,290 Class A Shares and disposed of 15,290 Phantom Class A Shares.
- Also on August 14, 2024, Burk acquired 8,050 Class A Shares and disposed of 8,050 Phantom Class A Shares.
- On August 15, 2024, Burk acquired 7,650 Phantom Class A Shares.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing, reflecting standard transactions by a company director. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 08/14/2024 | Acquisition of 15,290 Class A Shares and disposal of 15,290 Phantom Class A Shares |
| 08/14/2024 | Acquisition of 8,050 Class A Shares and disposal of 8,050 Phantom Class A Shares |
| 08/15/2024 | Acquisition of 7,650 Phantom Class A Shares |
| 08/14/2025 | Vesting date for 7,650 Phantom Class A Shares |
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