Plains All American Pipeline LP Extends CEO Willie Chiang's Incentive Plan and Grants Special Retention Awards to Key Executives
Reuters
Aug 19
<a href="https://laohu8.com/S/PAAPU">Plains All American Pipeline</a> LP Extends CEO Willie Chiang's Incentive Plan and Grants Special Retention Awards to Key Executives
Plains All American Pipeline LP has announced new compensation terms for its executive team to ensure continued leadership and success. The board has extended the expiration date of a long-term award for CEO Willie Chiang by five years, originally granted during his promotion in 2018. Additionally, Executive Vice President Jeremy Goebel and Executive Vice President Chris Chandler have been granted special retention long-term incentive awards. Goebel's award consists of 545,550 phantom units that will vest in August 2030, while Chandler's award includes 327,350 phantom units set to vest in August 2028, contingent on their continued service through these dates. These measures intend to secure the leadership of key executives beyond their current retention grants.
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