Director at Plains All American (NYSE: PAA) sells 2,346 units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Plains All American Pipeline LP director Lawrence Michael Ziemba sold his remaining stake in the partnership. On June 29, 2026, he executed an open-market sale of 2,346 Common Units at $21.95 per unit, leaving him with 0 Common Units held directly after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,346 shares ($51,495)
Net Sell
1 txn
Insider
Ziemba Lawrence Michael
Role
null
Sold
2,346 shs ($51K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Units | 2,346 | $21.95 | $51K |
Holdings After Transaction:
Common Units — 0 shares (Direct, null)
Footnotes (1)
Key Figures
Common Units sold: 2,346 units
Sale price per unit: $21.95 per unit
Units after transaction: 0 units
+1 more
4 metrics
Common Units sold
2,346 units
Open-market sale on June 29, 2026
Sale price per unit
$21.95 per unit
Price for Common Units sold on June 29, 2026
Units after transaction
0 units
Total Common Units directly held post-transaction
Net share direction
-2,346 units
Net-sell based on transactionSummary
Key Terms
Common Units, open-market sale, transaction code "S"
3 terms
Common Units financial
"Transaction involved Common Units of Plains All American Pipeline LP."
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
open-market sale financial
"The transaction is described as an open-market sale of units."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
transaction code "S" financial
"The filing uses transaction code "S" for the sale."
FAQ
What did PAA director Lawrence Michael Ziemba report in this Form 4?
Lawrence Michael Ziemba reported an open-market sale of 2,346 Plains All American Pipeline LP Common Units at $21.95 per unit, leaving him with zero Common Units held directly after the transaction.
How many Plains All American (PAA) units did the director sell?
The director sold 2,346 Common Units of Plains All American Pipeline LP. This single transaction reduced his directly held Common Units position to zero according to the post-transaction holdings reported.
At what price were the PAA Common Units sold in this insider trade?
The Plains All American Pipeline LP Common Units were sold at $21.95 per unit. This price reflects the per-unit amount reported for the open-market sale executed on June 29, 2026.
What is the director’s remaining direct ownership in PAA after this sale?
Following the reported transaction, the director’s direct ownership in Plains All American Pipeline LP Common Units is zero. The Form 4 shows total Common Units following the transaction as 0.0000.
Was the PAA insider transaction an open-market sale or another type?
The transaction was an open-market sale of Common Units. It is coded as an “S” transaction and described as a sale in the open market or private transaction in the filing data.