Form 4: Par Pacific Director Eric Yeaman Awarded 385 RSUs

Director Eric K. Yeaman received a grant of 385 restricted stock units from Par Pacific Holdings, Inc., scheduled to vest in April 2027.

Summary

• Eric K. Yeaman, a director at Par Pacific Holdings, Inc., was granted 385 restricted stock units (RSUs) on April 5, 2026.
• Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting.
• The units are scheduled to vest in full on April 5, 2027.
• Vested shares will be delivered to the reporting person only following their termination of service with the company.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing. While equity alignment is positive, the transaction size is too small to signal a shift in corporate sentiment or financial health.

Positives

• Director compensation is aligned with shareholder interests through equity-based grants.
• The requirement to hold shares until termination of service encourages long-term strategic oversight.

Negatives

• The grant size of 385 units is relatively small and unlikely to significantly alter the director's influence or the company's capital structure.

Risks

• The ultimate value of the compensation is dependent on the future market price of Par Pacific Holdings common stock.
• The delivery of shares is deferred until termination of service, meaning the director cannot liquidate these specific holdings while active on the board.

Future Outlook

The reporting person is expected to remain in service through at least April 2027 to achieve full vesting of this specific grant, with shares being issued upon their eventual departure from the board.

Management Comments

• Each restricted stock unit represents a contingent right to receive one share of common stock.
• Vested shares will be delivered to the reporting person following termination of service.

Industry Context

StockSavvy.ai notes that equity-based compensation for directors is a standard practice in the energy and refining sector, used by peers to ensure board members are incentivized to drive long-term shareholder value rather than short-term gains.

Comparison to Industry Standards

• Par Pacific's use of RSUs for director compensation is consistent with industry peers such as Delek US Holdings and CVR Energy.
• The deferral of share delivery until termination of service is a high-standard governance practice often recommended by institutional proxy advisors to ensure long-term alignment.

Corporate Governance

Related Party Transactions

• The grant of equity to a director is considered a related party transaction under standard compensation disclosure rules.

Stakeholder Impact

• Shareholders benefit from directors having 'skin in the game' through equity ownership.
• Minimal dilution impact due to the small number of shares involved in this specific grant.

Next Steps

• Vesting of the 385 restricted stock units on April 5, 2027.

Key Dates

Keywords

Par Pacific Holdings, PARR, SEC Form 4, Insider Trading, Restricted Stock Units, Director Compensation, Eric Yeaman, Equity Grant