Form 4: Plains GP Holdings LP Director Ellen DeSanctis Reports Transaction
SEC Form 4 Filing
Director Ellen DeSanctis reports a transaction involving Class A Shares and Phantom Class A Shares of Plains GP Holdings LP.
Summary
- On August 14, 2024, Ellen DeSanctis, a director of Plains GP Holdings LP, reported a transaction.
- The transaction involved the disposition of 8,050 Class A Shares.
- Following the transaction, Ms. DeSanctis beneficially owns 29,450 Class A Shares.
- Ms. DeSanctis also acquired 7,650 Phantom Class A Shares on August 15, 2024, which vest upon termination of service as director, other than because of death, disability or retirement.
- These Phantom Class A shares are granted under the Long-Term Incentive Plan and include associated dividend equivalent rights payable in cash.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction by a company director, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of a transaction by a company insider and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in beneficial ownership of Class A shares by a director.
Key Dates
| Date | Description |
|---|---|
| 08/14/2024 | Disposition of 8,050 Class A Shares and transaction of Phantom Class A Shares. |
| 08/15/2024 | Acquisition of 7,650 Phantom Class A Shares. |
| 08/14/2025 | Expiration date for the Phantom Class A Shares. |
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