Plains GP (NYSE: PAGP) awards director 7,700 phantom units

Rhea-AI Filing Summary

TAYLOR CINDY B reported acquisition or exercise transactions in this Form 4 filing.

PLAINS GP HOLDINGS LP director Cindy B. Taylor reported an award of 7,700 Phantom Class A shares on 2026-08-13. The award was granted at $0.00 per phantom share under a Long-Term Incentive Plan and includes associated dividend equivalent rights payable in cash. One Class A share is deliverable for each phantom share that vests, and these units are scheduled to become exercisable on 2027-08-13, with settlement tied to termination of service as director as described in the award terms. Following this grant, Taylor directly holds 7,700 Phantom Class A shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider TAYLOR CINDY B

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Class A Shares F1, F2, F3	7,700	$0.00	$0.00

Holdings After Transaction: Phantom Class A Shares — 7,700 shares (Direct)

Footnotes (3)

1. F1. Phantom Class A shares granted under Long-Term Incentive Plan (includes associated dividend equivalent rights payable in cash).
2. F2. One Class A share is deliverable for each Phantom Class A share that vests.
3. F3. Upon termination of service as director, other than because of death, disability or retirement.

Key Figures

Phantom Class A shares granted: 7,700 shares Transaction price per phantom share: $0.00 Underlying Class A shares: 7,700 shares +2 more

5 metrics

Phantom Class A shares granted 7,700 shares Compensation-related award to director on 2026-08-13

Transaction price per phantom share $0.00 Grant of Phantom Class A shares under Long-Term Incentive Plan

Underlying Class A shares 7,700 shares One Class A share deliverable for each phantom share that vests

Shares following transaction 7,700 Phantom Class A shares Total direct phantom holdings after the award

Exercise date 2027-08-13 Date phantom units are scheduled to become exercisable

Key Terms

Phantom Class A shares, Long-Term Incentive Plan, dividend equivalent rights

3 terms

Phantom Class A shares financial

"Phantom Class A shares granted under Long-Term Incentive Plan"

Long-Term Incentive Plan financial

"shares granted under Long-Term Incentive Plan (includes associated dividend"

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

dividend equivalent rights financial

"includes associated dividend equivalent rights payable in cash"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

FAQ

What did PAGP director Cindy B. Taylor report in this Form 4 filing?

Cindy B. Taylor reported an award of 7,700 Phantom Class A shares of PLAINS GP HOLDINGS LP, granted at $0.00 per share as compensation under a Long-Term Incentive Plan, with each phantom share linked to one underlying Class A share.

How many Phantom Class A shares did Cindy B. Taylor receive from PAGP?

Cindy B. Taylor received 7,700 Phantom Class A shares of PAGP. Each phantom share corresponds to one underlying Class A share upon vesting, giving her a reported post-transaction holding of 7,700 phantom units in total.

What is the exercise or conversion relationship of PAGP Phantom Class A shares in this grant?

For this grant, one Class A share of PAGP is deliverable for each Phantom Class A share that vests. The units are scheduled to become exercisable on 2027-08-13, according to the transaction data and related footnote disclosure.

Did Cindy B. Taylor pay anything for the 7,700 PAGP Phantom Class A shares?

No cash was paid for this award; the transaction price per Phantom Class A share is $0.00. The grant represents a compensation-related acquisition under a Long-Term Incentive Plan, rather than an open-market purchase of PAGP equity.

When do Cindy B. Taylor’s PAGP Phantom Class A shares vest or settle?

The phantom units are scheduled to be exercisable on 2027-08-13 and, per the award terms, are settled upon termination of service as director, other than because of death, disability, or retirement, with Class A shares deliverable upon vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/17/2026 - 04:26 PM Accepted by SEC EDGAR 08/17/2026 - 04:26 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

TAYLOR CINDY B

(Last) (First) (Middle)

333 CLAY STREET

SUITE 1600

(Street)

HOUSTON TEXAS 77002

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PLAINS GP HOLDINGS LP [ PAGP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Class A Shares(1)	(2)	08/13/2026		A		7,700		08/13/2027	(3)	Class A Shares	7,700	$0	7,700	D

Explanation of Responses:

1. Phantom Class A shares granted under Long-Term Incentive Plan (includes associated dividend equivalent rights payable in cash).

2. One Class A share is deliverable for each Phantom Class A share that vests.

3. Upon termination of service as director, other than because of death, disability or retirement.

	/s/ Ann F. Gullion, as attorney-in-fact for Reporting Person	08/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)