Plains GP (NYSE: PAGP) director exercises award, gains 7,400 shares
Rhea-AI Filing Summary
PLAINS GP HOLDINGS LP director Bobby S. Shackouls reported equity compensation activity involving phantom and common units. On 2026-08-14 he exercised 7,400 Phantom Class A Shares, receiving 7,400 Class A Shares at a stated price of $0.00 per share, bringing his direct Class A holdings to 80,801 shares. On 2026-08-13 he also received a grant of 6,150 Phantom Class A Shares under a Long-Term Incentive Plan, with one Class A share deliverable for each phantom share that vests, generally upon termination of service as director other than because of death, disability, or retirement.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,400 shares
Net Buy
3 txns
Insider
SHACKOULS BOBBY S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Class A Shares F1, F2 | 7,400 | $0.00 | $0.00 |
| Exercise | Class A Shares | 7,400 | $0.00 | $0.00 |
| Grant/Award | Phantom Class A Shares F1, F2, F3 | 6,150 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Class A Shares — 6,150 shares (Direct);
Class A Shares — 80,801 shares (Direct)
Footnotes (3)
- F1. Phantom Class A shares granted under Long-Term Incentive Plan (includes associated dividend equivalent rights payable in cash).
- F2. One Class A share is deliverable for each Phantom Class A share that vests.
- F3. Upon termination of service as director, other than because of death, disability or retirement.
Key Figures
Phantom shares exercised: 7,400 shares
Class A Shares received: 7,400 shares
Phantom shares granted: 6,150 shares
+1 more
4 metrics
Phantom shares exercised
7,400 shares
Phantom Class A Shares exercised into Class A Shares on 2026-08-14
Class A Shares received
7,400 shares
Class A Shares acquired upon exercise of phantom units on 2026-08-14
Phantom shares granted
6,150 shares
Phantom Class A Shares granted under Long-Term Incentive Plan on 2026-08-13
Class A Shares held after transaction
80,801 shares
Direct Class A ownership following the 2026-08-14 exercise
Key Terms
Phantom Class A Shares, Long-Term Incentive Plan, dividend equivalent rights
3 terms
Long-Term Incentive Plan financial
"Phantom Class A shares granted under Long-Term Incentive Plan"
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 equity transactions did PAGP director Bobby S. Shackouls report on this Form 4?
Bobby S. Shackouls reported exercising 7,400 Phantom Class A Shares into 7,400 Class A Shares and receiving a grant of 6,150 Phantom Class A Shares under a Long-Term Incentive Plan, both recorded in mid-August 2026.
Were the PAGP transactions by Bobby S. Shackouls made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and no footnote states the transactions were made under a trading plan, suggesting these awards and exercises are reported as regular compensation-related transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
