Form 4: Par Pacific Director Katherine Hatcher Awarded Stock Grant

Director Katherine Hatcher received 385 shares of restricted stock in Par Pacific Holdings, Inc., increasing her total ownership to nearly 40,000 shares.

Summary

• Katherine Hatcher, a member of the Board of Directors, was granted 385 shares of common stock on April 5, 2026.
• The shares were issued at a price of $64.89 per share.
• Following this transaction, Hatcher directly owns a total of 39,945 shares in the company.
• The restricted stock grant is scheduled to vest in full on April 5, 2027.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive administrative event, confirming that leadership remains financially committed to the company's performance.

Positives

• Continued equity-based compensation for directors aligns board interests with those of long-term shareholders.
• The reporting person maintains a significant stake in the company with nearly 40,000 shares owned directly.

Negatives

• The grant size is relatively small (385 shares) compared to the total holding, representing a minor incremental change in ownership.

Risks

• The value of the grant is subject to market volatility until the vesting date in 2027.
• Vesting is contingent upon continued service through the one-year cliff period.

Future Outlook

The restricted stock will vest in full on April 5, 2027, provided the director remains in her role, ensuring a one-year retention incentive.

Management Comments

• The shares will vest in full and be delivered on April 5, 2027.

Industry Context

StockSavvy.ai notes that equity-heavy compensation for directors is a standard practice among independent refiners and energy companies like Par Pacific to ensure governance is aligned with market performance.

Comparison to Industry Standards

• The use of a one-year cliff vesting period for director grants is consistent with practices at peer companies such as Delek US Holdings and CVR Energy.
• The grant size is typical for annual board compensation adjustments in the mid-cap energy space.

Corporate Governance

Related Party Transactions

• Issuance of equity compensation to a member of the Board of Directors.

Stakeholder Impact

• Shareholders benefit from directors having a vested interest in the long-term stock price performance.

Next Steps

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

Key Dates

Recommendation

This is a routine regulatory filing for director compensation and does not provide new material information regarding the company's operational or financial trajectory that would warrant a change in investment rating.

Keywords

Par Pacific Holdings, PARR, Katherine Hatcher, Insider Trading, Form 4, Restricted Stock, Director Compensation, Energy Sector