Form 4: Par Pacific Director Curt Anastasio Increases Stake

Director Curt Anastasio acquired 702 shares of Par Pacific Holdings, Inc. through a combination of RSU vesting and a new restricted stock grant.

Summary

• Director Curt Anastasio increased his direct ownership in Par Pacific Holdings, Inc. on April 5, 2026.
• The transaction involved the vesting of 317 restricted stock units (RSUs) which were converted into common stock.
• An additional grant of 385 shares of restricted stock was awarded to the director.
• The transactions were valued at a price of $64.89 per share.
• Following these actions, the reporting person directly owns 110,720 shares of common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as slightly positive; while it is a routine compensation event, the increase in total insider ownership and the director's large absolute holding support a stable outlook.

Positives

• Insider ownership increased, further aligning director interests with those of shareholders.
• The director maintains a significant stake in the company with over 110,000 shares held directly.
• The acquisition of new restricted stock suggests a continued long-term commitment to the board.

Negatives

• The transaction is a routine compensation-related event rather than an open-market purchase, which typically carries less weight as a sentiment indicator.

Risks

• The value of the equity compensation is subject to market volatility and the future performance of Par Pacific stock.
• The new grant of 385 shares is subject to a one-year vesting period, meaning the shares are not yet fully owned.

Future Outlook

The reporting person is scheduled to have 385 shares of restricted stock vest in full on April 5, 2027, provided continued service on the board.

Management Comments

• Each restricted stock unit represents a contingent right to receive one share of common stock.
• The shares granted on April 5, 2026, will vest in full and be delivered on April 5, 2027.

Industry Context

StockSavvy.ai notes that equity-based compensation for directors is a standard practice in the independent refining and logistics sector, intended to incentivize long-term strategic oversight and shareholder alignment.

Comparison to Industry Standards

• The use of restricted stock units and annual vesting schedules is consistent with compensation structures at peer companies such as Valero Energy and PBF Energy.
• The total ownership level of over 110,000 shares is substantial for a non-employee director, indicating a high level of skin-in-the-game compared to industry averages.

Related Party Transactions

• The issuance of 385 restricted shares and the delivery of 317 shares from RSUs constitute compensation-related transactions between the issuer and a director.

Stakeholder Impact

• Shareholders may view the director's increased stake as a sign of confidence in the company's long-term trajectory.

Next Steps

• Vesting of 385 restricted shares on April 5, 2027.

Key Dates

Recommendation

The filing details routine insider compensation activity that does not signal a material change in company fundamentals or a shift in strategic direction. Investors should maintain current positions pending broader financial performance updates.

Keywords

Par Pacific Holdings, PARR, Insider Trading, Form 4, Curt Anastasio, Restricted Stock Units, Executive Compensation, Director Ownership