Form 4: PAR Pacific Director Patricia Martinez Receives Restricted Stock Grant

PAR Pacific Holdings, Inc. Director Patricia Martinez was granted 795 shares of restricted common stock valued at $31.45 per share, increasing her beneficial ownership to 9,607 shares.

Summary

• Patricia Martinez, a Director of PAR Pacific Holdings, Inc. (PARR), acquired 795 shares of common stock.
• The transaction occurred on July 5, 2025.
• The shares were acquired at a price of $31.45 per share.
• This acquisition represents a grant of restricted stock.
• The granted shares will vest in full and be delivered on July 5, 2026.
• Following this transaction, Patricia Martinez beneficially owns 9,607 shares of PAR Pacific Holdings, Inc. common stock.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a director is a positive signal of alignment between management/board and shareholder interests, and it's a routine compensation event. No negative implications are present.

Positives

• The grant of restricted stock aligns the director's interests with those of shareholders, as the value of her compensation is tied to the company's stock performance.
• An increase in insider ownership can signal confidence in the company's future prospects.

Risks

• The value of the restricted stock is subject to market fluctuations until vesting, meaning the actual value realized by the director could be lower than the grant date value if the stock price declines.

Future Outlook

The restricted stock granted to Director Patricia Martinez is scheduled to vest on July 5, 2026, indicating a future delivery of shares contingent on continued service.

Industry Context

This is a routine insider transaction related to director compensation, common across various industries for aligning management and board interests with shareholder value. It does not provide specific industry-wide trends or competitive insights.

Comparison to Industry Standards

• The grant of restricted stock to directors is a standard practice in corporate governance across publicly traded companies, aligning director incentives with long-term shareholder value.
• The specific number of shares (795) and value ($31.45 per share) would typically be benchmarked against compensation practices for directors at peer companies within the energy or refining sector, considering company size, performance, and board responsibilities.
• The one-year vesting period (July 5, 2025, to July 5, 2026) for restricted stock grants is a common structure, though vesting schedules can vary from immediate to multi-year periods depending on company policy and compensation philosophy.

Related Party Transactions

• The grant of restricted stock to Patricia Martinez, a Director of PAR Pacific Holdings, Inc., constitutes a related party transaction as it involves compensation to an insider.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with shareholder value, as the value of her compensation is tied to the company's stock performance. It also increases insider ownership, which can be viewed positively.
• Employees: No direct impact on general employees is indicated.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated.

Next Steps

• The restricted shares granted to Patricia Martinez are expected to vest on July 5, 2026.

Key Dates

Keywords

PAR Pacific Holdings, PARR, Patricia Martinez, Form 4, SEC Filing, Insider Trading, Restricted Stock, Stock Grant, Director Compensation, Equity Compensation, Beneficial Ownership