Greg L. Armstrong is a seasoned executive in the energy sector, having served as CEO of Plains All American Pipeline, L.P. from its inception in 1998 until his retirement in 2018. His leadership saw the company through critical phases, notably...

Number of Employees

4.2K

Year

2019

Total Compensation

$4.14M

Salary

$600.00K

Board Justification

The compensation philosophy emphasizes pay for performance, with a significant portion of compensation at risk, aligning executive interests with those of unitholders.

Bonus

$2.25M

Board 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

$17.76K

Board Justification

Includes 401(k) plan matching contributions and premium payments for group term life insurance.

Restricted Stock

$1.27M(1.27M phantom units)

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.

SEC Filing

From April 15, 2020

Greg L. Armstrong

Founder and Ex-CEO of Plains All American Pipeline, L.P.

GL

Education

BBA from the University of Texas

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1957 - 68 years ago

Is Founder?

Yes

Tenure

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.