Plains All American Pipeline: general counsel Richard McGee gifted 120,000 shares

What happened Richard K. McGee, EVP, general counsel and secretary, made a gift (code G) of 120,000 derivative units/shares on Sep 30, 2026. The Form 4 lists the transaction price as $0.00 and the total reported value as $0.00.

Key details

• Transaction date and price: Sep 30, 2026; price $0.00 (gift).
• Shares disposed: 120,000 derivative units/shares (reported as disposed by gift).
• Shares owned after the transaction: not reported in the Form 4 provided.
• Footnote F1: the reporting person gifted 30,000 Class A Units of Plains AAP, L.P. and the like number of Class B shares of Plains GP Holdings, L.P. to each of his four children (total 120,000 units).
• Footnote F2: Class A Units of AAP, together with a like number of Class B Shares of PAGP, may be redeemed for common units of Plains All American Pipeline, L.P. on a one-for-one basis with the approval of the reporting person.
• Filing timeliness: not indicated in the Form 4 provided.

Why it may matter

• This transaction was a gift and therefore was not executed as a market sale.
• The units involved are derivative in nature per the filing and may be redeemable one-for-one for common units under the limited partnership agreement (see footnote F2).
• The filing does not show why the insider traded or why the company acted.