Sundar PichaiSundar Pichai earned $164M in 2023

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...

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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.

Holdings

See how much did Greg L. Armstrong make over time.

As of late 2023, Greg L. Armstrong’s wealth in Plains All American Pipeline holdings has fluctuated significantly. At the peak in September 2019, his holdings were valued at $34.25 million. Since then, there have been several ups and downs, with...

Total Stock Sold

$507.57K

NOV

$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 $186.96K.
This is -63.17% and $320.61K less than what they got when they sold the stock.

Charitable Transactions

PAA

180,000 shares

PAA

Recent Charitable Transactions

PAA

50,000 shares

PAA

Dec 31, 2017

Charity

PAA

20,000 shares

PAA

Dec 31, 2016

Charity

PAA

20,000 shares

PAA

Aug 5, 2015

Charity

PAA

20,000 shares

PAA

Jul 25, 2013

Charity

PAA

70,000 shares

PAA

Oct 16, 2012

Charity

Insider Trading

See recent insider trades of Greg L. Armstrong.

NOV

9,550 shares

NOV

May 15, 2024

Received

NOV

12,000 shares

NOV

May 17, 2023

Received

NOV

$197.14K

NOV at $18.99/share

Aug 29, 2022

Sale

NOV

8,473 shares

NOV

May 24, 2022

Received

NOV

9,819 shares

NOV

May 19, 2021

Received

NOV

12,462 shares

NOV

May 20, 2020

Received

NOV

8,219 shares

NOV

May 28, 2019

Received

NOV

4,429 shares

NOV

May 11, 2018

Received

PAA

50,000 shares

PAA

Dec 31, 2017

Charity

NOV

5,243 shares

NOV

May 17, 2017

Received

Compensation History

See how much did Greg L. Armstrong make over time.

Greg L. Armstrong's compensation has seen significant changes throughout his tenure. In 2019, he received a total of $4.14 million, which included a base salary of $600,000 along with a substantial performance-based bonus of $2.25 million tied to key metrics such as Adjusted EBITDA and DCF (Distributable Cash Flow) per common unit. This reflected a strategic approach, as the compensation structure emphasizes aligning with company success. Notably, he opted to forego a large portion of his salary in 2018, earning only $250,000 that year. In contrast, back in 2012, Armstrong’s compensation peaked at $5.59 million, mainly due to a significant bonus of $5.2 million for performance against company goals. His recent compensation trends illustrate a balance of long-term performance rewards and immediate salary, indicating a committed leadership approach focused on maintaining shareholder value.

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.

Other Plains All American Pipeline, L.P. CEOs

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