8-K
filed August 18, 2025, 7:59 PM ET
ticker PAA
CIK 0001070423
leadership
confidence high
sentiment neutral
materiality 0.40
PAA extends CEO Chiang's award expiration to 2030; grants special retention units to Goebel and Chandler
PLAINS ALL AMERICAN PIPELINE LP
- CEO Willie Chiang's 2018 Promotional Grant expiration extended from Oct 2025 to Oct 2030; 500,000 phantom units unchanged.
- Jeremy Goebel receives 545,550 phantom units vesting Aug 2030; Chris Chandler receives 327,350 phantom units vesting Aug 2028.
- Grants aim to retain key executives for succession planning beyond Aug 2026 when prior retention grants vest.
- Phantom units vest upon DCF per unit targets: 25% at $3.00, 75% at $3.50; DERs vest on progressive thresholds.
Machine-readable event card
- schema_version
- secwatch.filing_event.v1
- accession
- 0001104659-25-079894
- form_type
- 8-K
- ticker
- PAA
- cik
- 0001070423
- company_name
- PLAINS ALL AMERICAN PIPELINE LP
- filed_at
- 2025-08-18T23:59:59+00:00
- discovered_at
- 2026-05-14T18:02:43.260139+00:00
- generated_at
- 2026-05-17T11:45:33.597078+00:00
- sec_items
- ["5.02"]
- event_type
- leadership
- sentiment
- neutral
- materiality_score
- 0.4
- calibrated_materiality_score
- 0.4
- confidence
- high
- secwatch_canonical_url
- https://secwatch.observer/filing/0001104659-25-079894
- json_url
- https://secwatch.observer/filing/0001104659-25-079894.json
- markdown_url
- https://secwatch.observer/filing/0001104659-25-079894.md
- text_url
- https://secwatch.observer/filing/0001104659-25-079894.txt
- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/1070423/000110465925079894/0001104659-25-079894-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1070423/000110465925079894/tm2523703d1_8k.htm
- generated_by_model
- deepseek-v4-flash:cloud@v2
- review_status
- machine_generated
- human_reviewed
- false
- corrected
- false
- correction_note
- null
- correction_timestamp
- null
- superseded_by
- null
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