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Plains GP Holdings Management

Management criteria checks 3/4

Key information

Willie Chiang

Chief executive officer

US$4.4m

Total compensation

CEO salary percentage	13.7%
CEO tenure	4.5yrs
CEO ownership	0.1%
Management average tenure	7.1yrs
Board average tenure	6.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Willie Chiang's remuneration changed compared to Plains GP Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2022	n/a	n/a	US$168m
Sep 30 2022	n/a	n/a	US$208m
Jun 30 2022	n/a	n/a	US$112m
Mar 31 2022	n/a	n/a	US$12m
Dec 31 2021	US$4m	US$600k	US$60m
Sep 30 2021	n/a	n/a	-US$44m
Jun 30 2021	n/a	n/a	-US$2m
Mar 31 2021	n/a	n/a	US$83m
Dec 31 2020	US$4m	US$600k	-US$568m
Sep 30 2020	n/a	n/a	-US$500m
Jun 30 2020	n/a	n/a	-US$447m
Mar 31 2020	n/a	n/a	-US$397m
Dec 31 2019	US$4m	US$600k	US$331m
Sep 30 2019	n/a	n/a	US$463m
Jun 30 2019	n/a	n/a	US$503m
Mar 31 2019	n/a	n/a	US$444m
Dec 31 2018	n/a	n/a	US$334m
Sep 30 2018	n/a	n/a	-US$646m
Jun 30 2018	n/a	n/a	-US$752m
Mar 31 2018	n/a	n/a	-US$735m
Dec 31 2017	US$3m	US$325k	-US$731m
Sep 30 2017	n/a	n/a	US$61m
Jun 30 2017	n/a	n/a	US$81m
Mar 31 2017	n/a	n/a	US$99m
Dec 31 2016	US$3m	US$250k	US$94m

Compensation vs Market: Willie's total compensation ($USD4.39M) is above average for companies of similar size in the German market ($USD2.58M).

Compensation vs Earnings: Willie's compensation has been consistent with company performance over the past year.

CEO

Willie Chiang (61 yo)

4.5yrs

Tenure

US$4,392,210

Compensation

Mr. Wilfred C.W. Chiang, also known as Willie, serves as Chief Executive Officer of PAA GP Holdings LLC, a General Partner of Plains GP Holdings, L.P. since October 2018 and also serves as its Chairman of...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Wilfred Chiang	Chairman & CEO of PAA GP Holdings LLC	4.5yrs	US$4.39m	0.12% $ 3.8m
Harry Pefanis	President & Director of PAA GP Holdings LLC	9.8yrs	US$1.57m	0.57% $ 17.3m
Al Swanson	Executive VP & CFO of PAA GP Holdings LLC	9.8yrs	US$2.22m	0.70% $ 21.1m
Chris Chandler	Executive VP & COO of PAA GP Holdings LLC	4.1yrs	US$2.25m	no data
Richard McGee	Executive VP	9.8yrs	US$2.29m	0.0013% $ 39.1k
Jeremy Goebel	Executive VP & Chief Commercial Officer of PAA GP Holdings LLC	4.1yrs	US$2.41m	0.00068% $ 20.6k
Chris Herbold	Senior VP & Chief Accounting Officer of PAA GP Holdings LLC	9.8yrs	no data	no data
Roy Lamoreaux	Vice President	no data	no data	no data
Brad Leone	Director of Communications for PAA GP Holdings LLC	no data	no data	no data
Sharon Spurlin	Senior VP & Treasurer	no data	no data	no data
Russ Montgomery	VP & Controller	3.4yrs	no data	no data

7.1yrs

Average Tenure

57yo

Average Age

Experienced Management: PG81's management team is seasoned and experienced (7.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Wilfred Chiang	Chairman & CEO of PAA GP Holdings LLC	6.2yrs	US$4.39m	0.12% $ 3.8m
Harry Pefanis	President & Director of PAA GP Holdings LLC	6.2yrs	US$1.57m	0.57% $ 17.3m
Christopher Temple	Independent Director of PAA GP Holdings LLC	6.4yrs	US$189.00k	0.012% $ 368.2k
Bobby Shackouls	Lead Independent Director of PAA GP Holdings LLC	9.3yrs	US$234.00k	0.0072% $ 216.7k
Gregory Armstrong	Director of PAA GP Holdings LLC	10.3yrs	US$265.96k	0.96% $ 29.1m
Ellen DeSanctis	Independent Director of PAA GP Holdings LLC	less than a year	no data	0.0051% $ 155.8k
Gary Petersen	Independent Director of PAA GP Holdings LLC	6.4yrs	US$189.00k	0.0044% $ 134.6k
John Raymond	Independent Director of PAA GP Holdings LLC	9.5yrs	US$199.00k	0.13% $ 4.0m
Kevin McCarthy	Independent Director of PAA GP Holdings LLC	2.5yrs	US$190.91k	0.051% $ 1.5m
Alexandra D. Pruner	Independent Director of PAA GP Holdings LLC	4.3yrs	US$204.00k	0.011% $ 333.4k
Victor Burk	Independent Director of PAA GP Holdings LLC	9.3yrs	US$219.00k	0.0062% $ 187.3k
Lawrence Ziemba	Independent Director of PAA GP Holdings LLC	3.3yrs	US$211.50k	0.014% $ 420.9k

6.3yrs

Average Tenure

64.5yo

Average Age

Experienced Board: PG81's board of directors are considered experienced (6.3 years average tenure).

This company listing is no longer active

Plains GP Holdings Management

Management criteria checks 3/4

Key information

Recent management updates

Board Member recently bought €119k worth of stock

Plains All American Pipeline, L.P. and Plains GP Holdings Announce Board Changes, Effective August 15, 2022

Plains GP Holdings, L.P., Annual General Meeting, May 25, 2022

Plains All American Pipeline, L.P and Plains Gp Holdings Announces Management Changes

Recent updates

Full year 2022 earnings released: EPS: US$1.48 (vs US$0.31 in FY 2021)

Upcoming dividend of US$0.27 per share

Plains GP Holdings, L.P. Announces Quarterly Cash Distribution, Payable on February 14, 2023

Third quarter 2022 earnings released: EPS: US$0.37 (vs US$0.12 loss in 3Q 2021)

Upcoming dividend of US$0.22 per share

Plains GP Holdings, L.P. to Report Q3, 2022 Results on Nov 02, 2022

Board Member recently bought €119k worth of stock

Second quarter 2022 earnings released: EPS: US$0.16 (vs US$0.36 loss in 2Q 2021)

Plains All American Pipeline, L.P. and Plains GP Holdings Announce Board Changes, Effective August 15, 2022

Upcoming dividend of US$0.22 per share

Plains GP Holdings, L.P. to Report Q2, 2022 Results on Aug 03, 2022

Plains GP Holdings, L.P. Announces Quarterly Distribution with Respect to the Second Quarter of 2022, Payable on August 12, 2022

First quarter 2022 earnings released: EPS: US$0.11 (vs US$0.36 in 1Q 2021)

Upcoming dividend of US$0.22 per share

Plains GP Holdings, L.P., Annual General Meeting, May 25, 2022

Plains GP Holdings, L.P. to Report Q1, 2022 Results on May 04, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Third quarter 2021 earnings released: US$0.12 loss per share (vs US$0.091 profit in 3Q 2020)

Upcoming dividend of US$0.18 per share

Second quarter 2021 earnings released: US$0.36 loss per share (vs US$0.087 profit in 2Q 2020)

Upcoming dividend of US$0.18 per share

First quarter 2021 earnings released: EPS US$0.36 (vs US$3.18 loss in 1Q 2020)

Upcoming dividend of US$0.18 per share

Revenue misses expectations

Full year 2020 earnings released: US$3.05 loss per share (vs US$1.97 profit in FY 2019)

Plains All American Pipeline, L.P and Plains Gp Holdings Announces Management Changes

Full year 2020 earnings released: US$3.05 loss per share (vs US$1.97 profit in FY 2019)

Revenue beats expectations

Upcoming Dividend of US$0.18 Per Share

New 90-day high: €7.96

New 90-day high: €7.58

New 90-day high: €6.79

Revenue beats expectations

Third quarter 2020 earnings released: EPS US$0.091

Third quarter 2020 earnings released: EPS US$0.091

Revenue beats expectations

Upcoming Dividend of US$0.18 Per Share

Plains GP Holdings, L.P. to Report Q2, 2021 Results on Aug 03, 2021

New 90-day low - €5.79

New 90-day low - €6.11

First half earnings released

Earnings released

New 90-day low - €6.84

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age