In 2019, Greg L. Armstrong earned $4.14M in total compensation at Plains All American Pipeline, L.P., including $600.00K salary, $2.25M bonus and $1.27M in stock. Most recently acquired 9,550 shares in May 2024. Currently holds stock worth $28.90M. Has donated $3.19M in stock to charitable causes. Led Plains All American Pipeline, L.P. as CEO for 17 years.
Compensation History
Annual executive compensation data for Greg L. Armstrong, including salary, bonuses, and stock awards.
Year
2019
Total Compensation
$4.14M
Salary
$600.00K
Bonus
$2.25M
Other
$17.76K
Salary
$600.00KBoard Justification
The compensation philosophy emphasizes pay for performance, with a significant portion of compensation at risk, aligning executive interests with those of unitholders.
Bonus
$2.25MBoard Justification
Annual bonus based on performance metrics including Adjusted EBITDA and DCF per common unit, adjusted downward due to relative equity price performance during 2019.
Other Compensation
$17.76KBoard Justification
Includes 401(k) plan matching contributions and premium payments for group term life insurance.
Restricted Stock
Board Justification
Phantom unit grants awarded in 2019, which vested based on performance metrics and service periods.
Performance Metrics
Key performance metrics included Adjusted EBITDA, DCF per common unit, and safety/environmental metrics.
Greg L. Armstrong
Founder and Ex-CEO of Plains All American Pipeline, L.P.
Education
BBA from the University of Texas
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Energy
Born
January 1, 1957 - 68 years ago
CEO of Plains All American Pipeline, L.P. for
17 years 11 months (Jun 2001 - May 2019)
Previous Experience
Chairman and Chief Executive Officer of Plains All American Pipeline, L.P. since its inception.
Other Plains All American Pipeline, L.P. CEOs
Holdings
Track Greg L. Armstrong's stock holdings and portfolio value over time.
Total Stock Sold
$507.57K
$507.57K
16,117 NOV shares
What if they kept their stock?
If Greg L. Armstrong didn't sell their stock, today they would have:
Extra NOV16,117 shares worth $260.61K.
This is -48.65% and $246.96K less than what they got when they sold the stock.
Charitable Transactions
180,000 shares
PAA
Recent Charitable Transactions
50,000 shares
PAA
Dec 31, 2017
Charity
20,000 shares
PAA
Dec 31, 2016
Charity
20,000 shares
PAA
Aug 5, 2015
Charity
20,000 shares
PAA
Jul 25, 2013
Charity
70,000 shares
PAA
Oct 16, 2012
Charity
Insider Trading
Greg L. Armstrong's recent stock transactions, purchases, and sales filed with the SEC.
9,550 shares
NOV
May 15, 2024
Received
12,000 shares
NOV
May 17, 2023
Received
$197.14K
NOV at $18.99/share
Aug 29, 2022
Sale
8,473 shares
NOV
May 24, 2022
Received
9,819 shares
NOV
May 19, 2021
Received
12,462 shares
NOV
May 20, 2020
Received
8,219 shares
NOV
May 28, 2019
Received
4,429 shares
NOV
May 11, 2018
Received
50,000 shares
PAA
Dec 31, 2017
Charity
5,243 shares
NOV
May 17, 2017
Received
Rivals
Compare Greg L. Armstrong with competitor CEOs and industry peers.
Kelcy L. Warren
Founder and CEO of Energy Transfer
2012 Compensation
Stock
$0.00
Salary
$425.00K
Bonus
$225.00K
Other
$1.17K
Total Holdings
$9.35M
Matthew J. Meloy
CEO of Targa Resources
2023 Compensation
Stock
$24.08M
Salary
$970.48K
Bonus
$2.33M
Other
$29.54K
Total Holdings
$90.93M
Pierce H. Norton II
CEO of Oneok
2023 Compensation
Stock
$813.39K
Salary
$835.00K
Bonus
$2.10M
Other
$336.99K
Total Holdings
$8.61M