Form 4: Par Pacific Director Phillip Davidson Increases Stake

Director Phillip S. Davidson acquired 440 shares of Par Pacific Holdings, Inc. following the vesting of restricted stock units.

Summary

• Director Phillip S. Davidson acquired 440 shares of common stock on April 5, 2026, through the vesting of restricted stock units.
• The shares were valued at $64.89 per share at the time of the transaction.
• Davidson received a grant of 385 new restricted stock units scheduled to vest on April 5, 2027.
• Total direct ownership for the reporting person now stands at 9,004 shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, as it confirms ongoing insider participation and alignment without any divestment.

Positives

• Insider continues to accumulate and hold equity in the company.
• Vesting of previous grants demonstrates long-term commitment to the board.
• New equity grant ensures continued alignment with shareholder interests through 2027.

Negatives

• No significant negative factors identified in these routine administrative updates.

Risks

• No specific business or financial risks were disclosed in this ownership update.

Future Outlook

The reporting person is scheduled to have an additional 385 restricted stock units vest on April 5, 2027, contingent upon continued service.

Industry Context

StockSavvy.ai notes that Par Pacific's use of restricted stock units for director compensation is consistent with mid-cap energy sector peers, aiming to link board remuneration to long-term stock performance.

Comparison to Industry Standards

• Par Pacific's director equity grants are comparable in structure to those at Delek US Holdings and CVR Energy.
• The vesting period of one year for director RSUs is a standard corporate governance practice among Russell 2000 energy companies.

Related Party Transactions

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

Stakeholder Impact

• Shareholders benefit from the continued alignment of director interests with company performance.

Next Steps

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

Key Dates

Recommendation

These updates reflect routine administrative changes to insider holdings and do not signal a change in company fundamentals or strategic direction.

Keywords

Par Pacific Holdings, PARR, Insider Trading, Director Compensation, Restricted Stock Units, Equity Grant