Form 4: Par Pacific Holdings CEO William Monteleone Reports Stock Grant and Tax Withholding

William Monteleone, President and CEO of Par Pacific Holdings, reports the acquisition of 72,023 shares of restricted stock and the disposal of 2,921 shares for tax withholding.

Summary

• On February 21, 2025, William Monteleone, the President and CEO of Par Pacific Holdings, acquired 72,023 shares of restricted stock at a price of $15.62 per share.
• These shares vest in three equal installments on the first, second, and third anniversaries of the grant date.
• On February 23, 2025, Monteleone disposed of 2,921 shares of common stock at $15.62 per share to cover withholding tax obligations related to the vesting of restricted shares.
• Following these transactions, Monteleone directly owns 423,022 shares of Par Pacific Holdings common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects standard compensation practices and tax obligations. There is no indication of positive or negative implications for the company's performance.

Positives

• The acquisition of restricted stock aligns the CEO's interests with those of the shareholders, incentivizing long-term value creation.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, allowing investors to monitor the actions of company executives and directors.

Stakeholder Impact

• The stock grant incentivizes the CEO to act in the best interests of shareholders.

Key Dates