01—Abstract
Summary
Summary of the 8-K filed May 13, 2026. Cited figures are marked; the original filing is the authoritative source.
On May 11, 2026, the Board of Directors of PAA GP Holdings LLC, the general partner of Plains All American Pipeline, L.P.
(PAA), appointed Cynthia B. Taylor as an independent Class III director. She will also serve on the Compensation Committee and the Health, Safety, Environmental and Sustainability Committee.
The filing and the accompanying press release describe her as having over 30 years of energy industry experience, most recently as Chief Executive Officer and President of Oil States International, Inc. and as a member of its board, a role she held from May 2007 until her retirement in May 2026. Ms. Taylor's background also includes serving as President and Chief Operating Officer of Oil States from May 2006 to May 2007, Chief Financial Officer of L.E. Simmons & Associates from 1999 to 2000, and Vice President—Controller of Cliffs Drilling Company, plus earlier roles at Ernst & Young LLP.
She has been a director of AT&T Inc. since 2013 and chairs its audit committee, and she was a director of the Federal Reserve Bank of Dallas from January 2020 through December 31, 2025. She is a Certified Public Accountant. Compensation is set under the non-employee director program: an annual cash retainer of $120,000a and an annual grant of phantom Class A Shares of Plains GP Holdings, L.P.
(PAGP) with a market value of approximately $160,000b on the grant date. These grants vest one year after the grant date and include distribution equivalent rights. The filing is a governance update and does not report any financial results or changes to the partnership's operations.
02—Key points
Key Highlights
- Cynthia B. Taylor appointed as an independent Class III member of the PAA GP Holdings LLC Board on May 11, 2026
- Ms. Taylor joins the Compensation Committee and the Health, Safety, Environmental and Sustainability Committee
- Most recently CEO and President of Oil States International, Inc. from May 2007 until her retirement in May 2026
- Prior experience includes CFO roles, Ernst & Young, and Cliffs Drilling; she is a Certified Public Accountant
- Serves as a director of AT&T Inc. since 2013 and chairs its audit committee
- Annual director compensation: $120,000 cash retainer plus phantom PAGP Class A Shares valued at about $160,000, vesting after one year
- Press release dated May 11, 2026 furnished as Exhibit 99.1 under Regulation FD; no financial results reported
03—Questions
Frequently Asked Questions
Who was appointed to the Board and in what capacity?
Cynthia B. Taylor was appointed as an independent member of the Board of PAA GP Holdings LLC, serving in Class III, effective with the May 11, 2026 board action. She will also serve on the Compensation Committee and the Health, Safety, Environmental and Sustainability Committee.
What is Ms. Taylor's relevant background?
She has over 30 years of energy industry experience, most recently as CEO and President of Oil States International, Inc. and as a member of its board, until her retirement in May 2026. Earlier roles include President and COO of Oil States, CFO of L.E. Simmons & Associates, and Controller of Cliffs Drilling Company. She is also a director of AT&T Inc. and was previously a director of the Federal Reserve Bank of Dallas.
How is Ms. Taylor compensated?
Under the non-employee director program, she receives an annual cash retainer of $120,000 and an annual grant of phantom Class A Shares of PAGP with a market value of approximately $160,000 on the grant date. The grants vest, becoming payable in Class A Shares, one year after the grant date and carry distribution equivalent rights.
Does this filing report any financial results or operational changes?
No. The filing covers only the board appointment and the related press release. It does not report financial results, guidance, or changes to the partnership's operations.
04—Continue