Form 4: Par Pacific Director Robert Silberman Awarded RSUs

Director Robert S. Silberman received a grant of 616 restricted stock units as part of his compensation, scheduled to vest in April 2027.

Summary

• Robert S. Silberman, a Director at Par Pacific Holdings, Inc., was granted 616 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.
• Following this transaction, the reporting person directly owns 616 derivative securities in the form of RSUs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing related to standard director compensation, which is neutral for the stock price but positive for corporate governance alignment.

Positives

• Aligns director interests with long-term shareholder value through equity-based compensation.
• The requirement to hold shares until termination of service ensures long-term commitment from board leadership.

Negatives

• The grant size of 616 units is relatively small and unlikely to have a material impact on corporate control or market liquidity.

Risks

• The ultimate value of the compensation is subject to market volatility and the future share price of PARR.
• The reporting person's benefit is contingent upon continued service through the vesting date of April 5, 2027.

Future Outlook

The grant indicates an expectation of continued service by Director Robert Silberman through at least the vesting period ending in April 2027.

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 industry practice among mid-cap energy companies like Par Pacific Holdings to ensure board members maintain a vested interest in the company's stock performance relative to peers in the refining and logistics sector.

Comparison to Industry Standards

• The use of RSUs with a one-year cliff vest is consistent with compensation structures at peer companies such as Delek US Holdings and CVR Energy.
• The 'delivery upon termination' clause is a more conservative governance feature than immediate delivery upon vesting, often seen in high-standard corporate governance frameworks.

Corporate Governance

Stakeholder Impact

• Shareholders: Positive alignment as directors are incentivized by stock performance.
• Management: No direct impact on day-to-day operations.

Next Steps

• Vesting of the 616 RSUs on April 5, 2027.
• Delivery of shares upon the eventual termination of Robert Silberman's service as a director.

Key Dates

Keywords

Par Pacific Holdings, PARR, Insider Trading, Form 4, Restricted Stock Units, Director Compensation, Robert Silberman, Equity Grant