Harry N. Pefanis's financial involvement with Plains All American Pipeline is evidenced through his performance metrics rather than traditional stock ownership. During his leadership, the company's market value experienced notable ups and downs, peaking at $5.52 billion in September 2019,...
Harry N. Pefanis's financial involvement with Plains All American Pipeline is evidenced through his performance metrics rather than traditional stock ownership. During his leadership, the company's market value experienced notable ups and downs, peaking at $5.52 billion in September 2019, but then decreasing to a low of $4.01 billion by February 2020, showing that the industry can be volatile. His wealth is fundamentally tied to the company's operational performance, indicated by his compensation structure, which rewards performance rather than stock investments. This approach shows that Pefanis is focused on the company's consistent operational success rather than fluctuating market valuations. As of 2023, his position reflects earnings of $2.05 million, which helps illustrate how he aligns his interests with the company’s operational results rather than having significant assets tied up in stock. By opting out of stock grants and incentives, he emphasizes the belief in earning rewards through actual company performance.