Plains GP Holdings, L.P. — Form 8-K Summary
Reporting date: September 25, 2026 (earliest event reported); filed and announced September 29, 2026. The filing concerns an executive leadership change, not quarterly or annual financial results.
Leadership change
- Chris Chandler notified the company on September 25 that he will resign as Executive Vice President and Chief Operating Officer of PAA and PAGP, effective October 2, 2026, to pursue other interests. The filing says his departure is not due to a disagreement concerning company operations, policies, or practices.
- Dean Liollio was appointed EVP and COO of the general partners of PAA and PAGP, effective October 2, 2026. He most recently served as Senior Vice President, Special Projects, and previously held leadership roles at Plains and other energy companies.
Compensation and other details
- Liollio’s annual base salary is $625,000; his annual bonus target is 150% of base salary.
- He will receive a time-based promotional LTIP grant of 150,000 phantom units, vesting in August 2029.
- The filing reports no family relationship with a Plains executive officer or director and no arrangement or understanding with another person related to his appointment.
Financial information, outlook, and risks
This 8-K provides no revenue, profit, cash flow, margin, debt, liquidity, or other operating results, and no financial guidance or outlook. It identifies no related contingency or unusual financial item.
Facts investors should verify
- Whether Chandler’s resignation and Liollio’s appointment took effect as scheduled on October 2, 2026.
- The terms and eventual vesting of Liollio’s 150,000-unit LTIP grant and the application of the company’s executive compensation program.
- The accompanying September 29 press release, furnished as Exhibit 99.1.