Form 4: Par Pacific Director Timothy Clossey Receives Stock Grant

Director Timothy Clossey acquired 385 shares of Par Pacific Holdings, Inc. common stock through a restricted stock grant valued at approximately $25,000.

Summary

• Timothy Clossey, a member of the Board of Directors, received a grant of 385 shares of common stock on April 5, 2026.
• The shares were valued at a price of $64.89 per share at the time of the grant.
• Following this transaction, the reporting person directly owns a total of 75,462 shares of the company.
• The restricted stock is scheduled to vest in full on April 5, 2027, provided the director remains with the company.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a routine and neutral administrative event. While it shows continued director involvement, it is a scheduled compensation grant rather than an open-market purchase.

Positives

• Director maintains a substantial equity position in the company with over 75,000 shares owned.
• Equity-based compensation aligns the interests of the board members with those of the shareholders.
• The transaction represents an increase in the director's total beneficial ownership.

Negatives

• The grant is relatively small, representing less than 1% of the director's total holdings.

Risks

• The shares are subject to a one-year vesting period, meaning the benefit is contingent on continued service until April 2027.

Future Outlook

The restricted stock grant will vest in full on April 5, 2027, increasing the director's vested equity stake in the company at that time.

Management Comments

• No specific management commentary was provided in this regulatory filing.

Industry Context

StockSavvy.ai notes that Par Pacific's use of restricted stock for director compensation is standard practice within the independent refining and marketing industry, mirroring programs at peers like CVR Energy and Delek US Holdings to ensure board members have 'skin in the game.'

Comparison to Industry Standards

• The grant of restricted stock is a common component of non-employee director compensation packages in the S&P 600 and similar small-to-mid-cap energy companies.
• The one-year cliff vesting schedule is a standard duration for annual director equity awards.

Related Party Transactions

• The issuance of equity to a director is considered a related party transaction under standard accounting and disclosure definitions.

Stakeholder Impact

• Shareholders may view the continued equity alignment of the board as a positive governance signal.

Next Steps

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

Key Dates

Recommendation

This filing represents a routine compensation event for a director and does not provide new material information regarding the company's operational performance or financial health that would warrant a change in investment thesis.

Keywords

Par Pacific Holdings, PARR, Insider Trading, Form 4, Director Compensation, Restricted Stock, Timothy Clossey