Director Cindy B. Taylor filed a statement of changes in beneficial ownership with the SEC on August 17, 2026, disclosing the acquisition of Phantom Class A shares in Plains GP Holdings LP, traded on NASDAQ:PAGP.

Key Highlights

  • Reporting person: Cindy B. Taylor, identified as a Director of Plains GP Holdings LP.
  • Security acquired: 7,700 Phantom Class A shares acquired on August 13, 2026, at a price of $0.
  • Plan basis: The grant was made under the company's Long-Term Incentive Plan and includes associated dividend equivalent rights payable in cash.
  • Conversion terms: One Class A share is deliverable for each Phantom Class A share that vests.
  • Vesting trigger: Shares are deliverable upon termination of service as director, other than because of death, disability, or retirement.
  • Beneficial ownership following transaction: 7,700 Phantom Class A shares, held directly.

Phantom Class A Share Award to Plains GP Holdings Director Cindy B. Taylor

According to the filing, Cindy B. Taylor, a Director of Plains GP Holdings LP (NASDAQ:PAGP), received a grant of 7,700 Phantom Class A shares on August 13, 2026. The transaction was recorded under derivative securities in Table II of the disclosure, with a transaction code of "A" indicating acquisition. The price of the derivative security was listed as $0, and the form was signed on August 17, 2026, by Ann F. Gullion as attorney-in-fact for the reporting person.

Plains GP Holdings LP is a publicly traded partnership whose Class A shares are listed on NASDAQ. The Phantom Class A shares disclosed here were granted under the company's Long-Term Incentive Plan. According to the filing's explanatory footnotes, the grant includes associated dividend equivalent rights that are payable in cash. Each Phantom Class A share that vests entitles the holder to receive one Class A share upon delivery. The expiration date for the phantom shares is listed as August 13, 2027.

The filing specifies that the underlying shares become deliverable upon termination of Taylor's service as a director, except in cases of death, disability, or retirement, as described in the response footnotes. Following the reported transaction, Taylor's total beneficial ownership in Phantom Class A shares stands at 7,700 shares, held in direct form. No non-derivative securities were reported as acquired or disposed of in connection with this filing.

What Was Disclosed

The filing discloses that Director Cindy B. Taylor acquired 7,700 Phantom Class A shares in Plains GP Holdings LP on August 13, 2026, under the company's Long-Term Incentive Plan, with each phantom share convertible into one Class A share upon vesting and director service termination.