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Key takeaways

Cynthia B. Taylor appointed to the Board as an independent Class III member.

She will serve on Compensation and Health, Safety, Environmental and Sustainability Committees.

Taylor brings over 30 years of energy industry experience, including 19 years as CEO of Oil States International.

Annual cash retainer of $120,000 and phantom share grant valued at ~$160,000 with one-year vesting.

Appointment effective May 11, 2026, as disclosed in a press release furnished as Exhibit 99.1.

Full analysis

Plains All American Pipeline, L.P. (PAA) announced the appointment of Cynthia B. Taylor as an independent director on the board of its general partner, PAA GP Holdings LLC, effective May 11, 2026. Ms. Taylor, who retired as CEO and President of Oil States International in May 2026 after 19 years, brings extensive operational, financial, and strategic expertise in the energy sector. She will serve on the Compensation Committee and the Health, Safety, Environmental and Sustainability Committee. Her compensation aligns with the non-employee director program: a $120,000 annual cash retainer and an annual grant of phantom PAGP shares valued at approximately $160,000, vesting after one year. The appointment is a routine board refreshment, enhancing governance with an experienced industry leader.

PAA · Plains All American Pipeline, L.P.

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