Plains All American Pipeline EVP Gifts 120,000 Units to Family
PLAINS ALL AMERICAN PIPELINE LP
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Filing Summary
📋 Plains All American Pipeline LP ($PAA) - Form 4 Filing Reporting Insider: McGee Richard K. (EVP, General Counsel & Sec.) Transaction Date: September 30, 2026 Type: Gift (Code G) Units Gifted: 120,000 Price: $0.00 Units Remaining: 294,607 Significance: Low (Bona fide gift for estate planning)
Comprehensive Analysis
Plains All American Pipeline LP ($PAA) - Insider Transaction Overview
Summary
On September 30, 2026, Richard K. McGee, Executive Vice President, General Counsel, and Secretary of Plains All American Pipeline LP, reported the disposition of 120,000 Class A Units/Class B Shares via a bona fide gift (Transaction Code G).
Key Details
- Security: Class A Units/Class B Shares (redeemable for Common Units on a 1-for-1 basis)
- Number of Shares/Units: 120,000
- Transaction Price: $0.00 (Gift)
- Nature of Transfer: According to the footnotes, Mr. McGee gifted 30,000 units to each of his four children.
- Post-Transaction Beneficial Ownership: 294,607 derivative units directly held.
Market & Trading Significance
This transaction carries Low trading significance. It represents a non-open-market estate planning transfer to immediate family members rather than an open-market sale or discretionary purchase based on company outlook. As such, it provides negligible predictive signal regarding future performance.
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Important Disclaimer
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