Plains GP Holdings, L.P.

NasdaqGS:PAGP Stock Report

Mkt Cap: US$3.7b

Plains GP Holdings Management

Management criteria checks 3/4

Plains GP Holdings' CEO is Willie Chiang, appointed in Oct 2018, has a tenure of 5.17 years. total yearly compensation is $8.30M, comprised of 9% salary and 91% bonuses, including company stock and options. directly owns 0.19% of the company’s shares, worth $7.18M. The average tenure of the management team and the board of directors is 5.2 years and 7 years respectively.

Key information

Willie Chiang

Chief executive officer

US$8.3m

Total compensation

CEO salary percentage9.0%
CEO tenure5.2yrs
CEO ownership0.2%
Management average tenure5.2yrs
Board average tenure7yrs

Recent management updates

Recent updates

Plains GP Holdings declares $0.2175 dividend

Oct 10

Plains GP Holdings declares $0.2175 dividend

Jul 08

Plains GP Holdings: Cash-Generating Engine Firing Up, Higher Distributions To Follow

Sep 25

Plains GP Holdings: The Oil Price Recovery Foretells Higher Earnings And Distributions On The Horizon

Jul 13

Plains GP Holdings EPS beats by $0.02, beats on revenue

May 04

CEO Compensation Analysis

How has Willie Chiang's remuneration changed compared to Plains GP Holdings's earnings?
DateTotal Comp.SalaryCompany Earnings
Sep 30 2023n/an/a

US$190m

Jun 30 2023n/an/a

US$232m

Mar 31 2023n/an/a

US$215m

Dec 31 2022US$8mUS$750k

US$168m

Sep 30 2022n/an/a

US$208m

Jun 30 2022n/an/a

US$112m

Mar 31 2022n/an/a

US$12m

Dec 31 2021US$4mUS$600k

US$60m

Sep 30 2021n/an/a

-US$44m

Jun 30 2021n/an/a

-US$2m

Mar 31 2021n/an/a

US$83m

Dec 31 2020US$4mUS$600k

-US$568m

Sep 30 2020n/an/a

-US$500m

Jun 30 2020n/an/a

-US$447m

Mar 31 2020n/an/a

-US$397m

Dec 31 2019US$4mUS$600k

US$331m

Sep 30 2019n/an/a

US$463m

Jun 30 2019n/an/a

US$503m

Mar 31 2019n/an/a

US$444m

Dec 31 2018n/an/a

US$334m

Sep 30 2018n/an/a

-US$646m

Jun 30 2018n/an/a

-US$752m

Mar 31 2018n/an/a

-US$735m

Dec 31 2017US$3mUS$325k

-US$731m

Sep 30 2017n/an/a

US$61m

Jun 30 2017n/an/a

US$81m

Mar 31 2017n/an/a

US$99m

Dec 31 2016US$3mUS$250k

US$94m

Compensation vs Market: Willie's total compensation ($USD8.30M) is about average for companies of similar size in the US market ($USD6.64M).

Compensation vs Earnings: Willie's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


CEO

Willie Chiang (62 yo)

5.2yrs

Tenure

US$8,296,140

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

NamePositionTenureCompensationOwnership
Wilfred Chiang
Chairman & CEO of PAA GP Holdings LLC5.2yrsUS$8.30m0.19%
$ 7.2m
Harry Pefanis
President & Director of PAA GP Holdings LLC10.4yrsUS$2.67m0.56%
$ 21.0m
Al Swanson
Executive VP & CFO of PAA GP Holdings LLC10.4yrsUS$3.22m0.69%
$ 25.6m
Chris Chandler
Executive VP & COO of PAA GP Holdings LLC4.8yrsUS$6.38mno data
Richard McGee
Executive VP10.4yrsUS$3.28mno data
Jeremy Goebel
Executive VP & Chief Commercial Officer of PAA GP Holdings LLC4.8yrsUS$6.38m0.00067%
$ 24.9k
Chris Herbold
Senior VP & Chief Accounting Officer of PAA GP Holdings LLC10.4yrsno datano data
Roy Lamoreaux
Vice Presidentno datano datano data
Brad Leone
Director of Communications for PAA GP Holdings LLCno datano datano data
Dwayne Koehn
Senior Vice President of Operations of PAA GP Holdings LLCless than a yearno datano data
Sharon Spurlin
Senior VP & Treasurerno datano datano data
Russ Montgomery
VP & Controller4.1yrsno datano data

5.2yrs

Average Tenure

57yo

Average Age

Experienced Management: PAGP's management team is seasoned and experienced (5.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Wilfred Chiang
Chairman & CEO of PAA GP Holdings LLC6.8yrsUS$8.30m0.19%
$ 7.2m
Harry Pefanis
President & Director of PAA GP Holdings LLC6.8yrsUS$2.67m0.56%
$ 21.0m
Christopher Temple
Independent Director of PAA GP Holdings LLC7.1yrsUS$243.62k0.020%
$ 763.0k
Bobby Shackouls
Lead Independent Director of PAA GP Holdings LLC9.9yrsUS$292.37k0.016%
$ 578.3k
Gregory Armstrong
Director of PAA GP Holdings LLC10.9yrsUS$265.84k0.95%
$ 35.4m
Ellen DeSanctis
Independent Director of PAA GP Holdings LLC1.3yrsUS$187.73k0.011%
$ 405.9k
Gary Petersen
Independent Director of PAA GP Holdings LLC7.1yrsUS$243.62k0.013%
$ 478.9k
John Raymond
Independent Director of PAA GP Holdings LLC10.2yrsUS$257.37k0.14%
$ 5.2m
Kevin McCarthy
Independent Director of PAA GP Holdings LLC3.2yrsUS$224.87k0.056%
$ 2.1m
Alexandra D. Pruner
Independent Director of PAA GP Holdings LLC5yrsUS$258.62k0.019%
$ 720.5k
Victor Burk
Independent Director of PAA GP Holdings LLC9.9yrsUS$273.62k0.015%
$ 542.9k
Lawrence Ziemba
Independent Director of PAA GP Holdings LLC3.9yrsUS$272.37k0.023%
$ 850.9k

7.0yrs

Average Tenure

65.5yo

Average Age

Experienced Board: PAGP's board of directors are considered experienced (7 years average tenure).