Form 4: Director William Pate Receives PARR Restricted Stock Units

PAR Pacific Holdings Director William Pate was granted 671 restricted stock units, vesting on January 5, 2027.

Summary

• William Pate, a Director of PAR PACIFIC HOLDINGS, INC. (PARR), was granted 671 restricted stock units.
• Each restricted stock unit represents a contingent right to receive one share of common stock.
• The transaction date for this grant was January 5, 2026.
• The restricted stock units will vest in full on January 5, 2027.
• Vested shares will be delivered to Mr. Pate following the termination of his service.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. It's a routine compensation event, but it signifies continued commitment from a director and aligns interests with shareholders.

Positives

• The grant of restricted stock units aligns the director's interests with long-term shareholder value.
• This equity grant serves as a form of compensation and retention for a key director.

Future Outlook

The grant of restricted stock units indicates a future commitment to the company by Director William Pate, with vesting scheduled for January 5, 2027.

Industry Context

Grants of restricted stock units are a common practice in corporate compensation, particularly for directors, to incentivize long-term performance and align their interests with shareholders. This is a routine disclosure for a publicly traded company.

Comparison to Industry Standards

• The grant of 671 restricted stock units to a director is a standard form of equity compensation.
• While the specific number varies by company size, industry, and individual role, this type of incentive is widely used across publicly traded companies, including peers in the energy and refining sector such as Valero Energy Corporation (VLO) or Marathon Petroleum Corporation (MPC), to retain and motivate key personnel and align their interests with long-term shareholder value.
• The vesting schedule is also typical for such grants.

Stakeholder Impact

• Shareholders: Interests are further aligned with the director through equity ownership.
• Employees: No direct impact mentioned.

Next Steps

• Vesting of the 671 restricted stock units on January 5, 2027.
• Delivery of vested shares to the reporting person following termination of service.

Key Dates

Recommendation

This Form 4 filing details a routine grant of restricted stock units to a director as part of their compensation package. Such grants are common practice to align management and director interests with long-term shareholder value. It does not present new information that would fundamentally alter the investment thesis for PAR Pacific Holdings, Inc., thus a 'hold' recommendation is appropriate based solely on this filing.

Keywords

PAR Pacific Holdings, PARR, William Pate, Restricted Stock Units, RSU, Director Compensation, Insider Transaction, Form 4, Equity Grant