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Plains All American Pipeline LP Executive Compensation (FY25)

PAA · Executive and director compensation, fiscal 2022 to 2025

The Plains All American Pipeline LP brief, $1,500

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Both reports for $2,400.
Data as of September 7, 2026Latest filing (8-K): May 22, 2026
8 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Plains All American Pipeline LP brief$1,500Get the executive brief
270 figures on this page: 266 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Willie Chiang
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Willie Chiang: $8,511,945 → $12,295,167 (44.4% higher)
Say-on-pay support: 97.9% → 60.8% (37.1 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Plains All American Pipeline LP's chief executive and what were they paid?
Total compensation for Willie Chiang, Chairman, Chief Executive Officer and President, came to $12,295,167 in fiscal 2025. Chiang's total was 44.4% higher than the $8,511,945 reported for fiscal 2024.
What was Plains All American Pipeline LP's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 60.8% of votes cast for or against in favor at the meeting held May 20, 2026.
Which companies are in Plains All American Pipeline LP's peer group?
The disclosed peer group includes Energy Transfer LP, EnLink Midstream LLC, Enterprise Products Partners LP, Equitrans Midstream Corporation and Genesis Energy LP, among others.
What is Plains All American Pipeline LP's chief executive pay ratio?
The company reported a chief executive pay ratio of 91:1 for fiscal 2025, against median employee compensation of $135,058.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Willie Chiang
Chairman and Chief Executive Officer
◇—◇—◇—◇◇
Jeremy Goebel
Executive Vice President and Chief Commercial Officer
◇—◇—◇—◇◇
Chris Chandler
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Richard McGee
Executive Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
Al Swanson
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Harry Pefanis
President
◇———◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Willie Chiang
Chairman, Chief Executive Officer and President
◇—◇—◇—◇◇
Jeremy Goebel
Executive Vice President and Chief Commercial Officer
◇—◇—◇—◇◇
Chris Chandler
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Al Swanson
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Richard McGee
Executive Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
Harry Pefanis
President
◇———◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Willie Chiang
Chairman, Chief Executive Officer and President
◇—◇—◇—◇◇
Chris Chandler
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Jeremy Goebel
Executive Vice President and Chief Commercial Officer
◇—◇—◇—◇◇
Al Swanson
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Richard McGee
Executive Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
Harry Pefanis
President
◇———◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Willie Chiang
Chairman, Chief Executive Officer and President
◇—◇—◇—◇◇
Jeremy Goebel
Executive Vice President and Chief Commercial Officer
◇—◇—◇—◇◇
Chris Chandler
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Richard McGee
Executive Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
Al Swanson
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Al SwansonPSU◇—◇◇◇—◇
Chris ChandlerRSU◇——◇——◇
Chris ChandlerPSU◇—◇◇◇—◇
Jeremy GoebelPSU◇—◇◇◇—◇
Jeremy GoebelRSU◇——◇——◇
Richard McGeePSU◇—◇◇◇—◇
Willie ChiangPSU◇—————◇
Willie ChiangPSU◇—◇◇◇—◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jeremy GoebelRSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Al SwansonPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Chris ChandlerPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Richard McGeeRSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Willie ChiangPSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2024
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Greg L. Armstrong
◇——◇——◇
Bobby S. Shackouls
◇◇————◇
Lawrence M. Ziemba
◇◇————◇
Victor Burk
◇◇————◇
John T. Raymond
◇◇————◇
Ellen R. DeSanctis
◇◇————◇
Alexandra D. Pruner
◇◇————◇
Gary R. Petersen
◇◇————◇
Kevin S. McCarthy
◇◇————◇
Christopher M. Temple
◇—————◇
Harry N. Pefanis and Willie Chiang served on the board in fiscal 2024 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Total board retainer◇
Audit committee chair◇
Audit committee member◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Energy Transfer LP ET
  • EnLink Midstream LLC symbol not shown
  • Enterprise Products Partners LP EPD
  • Equitrans Midstream Corporation ETRN
  • Genesis Energy LP GEL
  • Kinder Morgan Inc. KMI
  • Kinetik Holdings Inc. KNTK
  • ONEOK Inc. OKE
  • Targa Resources Corp. TRGP
  • The Williams Companies Inc. WMB
  • Western Midstream Partners LP symbol not shown

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 21, 2025=◇◇◇
2023May 22, 2024=◇◇◇
2022May 24, 2023=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
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What this page does not include

Everything above is a fact Plains All American Pipeline LP disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Plains All American Pipeline LP sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Say-on-pay responsiveness
Plains All American Pipeline LP recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysis
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
270 figures on this page: 266 cited to the filing that reported them, 4 calculated from figures it prints.
266 cited to the filing
4 calculated from the filing

Documents cited

  1. 0001104659-26-065738
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-26-041710
    EXECUTIVE COMPENSATION · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · Pay Ratio Disclosure · and 1 more section
  3. 0001104659-25-052094
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001104659-25-033923
    EXECUTIVE COMPENSATION · PAGP GP · Summary Compensation Table
  5. 0001104659-24-065666
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001104659-24-046387
    Summary Compensation Table
  7. 0001104659-23-065490
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001104659-23-045124
    Summary Compensation Table
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Plains All American Pipeline LP executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/PAA (accessed 2026).
Short form: data: Velarion

The Plains All American Pipeline LP brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
8 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Plains All American Pipeline LP discloses

The companies named in PAA's own disclosed peer group.

Equitrans Midstream CorporationKinder Morgan Inc.Kinetik Holdings Inc.ONEOK Inc.Targa Resources Corp.The Williams Companies Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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