4/A: Par Pacific Holdings CEO William Pate Reports Stock Transactions

William Pate, CEO of Par Pacific Holdings, reports the acquisition and disposal of company stock related to vesting of restricted stock units and tax obligations.

Summary

• On February 21, 2024, William Pate disposed of 1,646 shares of Par Pacific Holdings common stock at a price of $38.67 per share to cover withholding tax liabilities.
• On February 23, 2024, Pate acquired 29,343 shares of common stock at $39.09 per share upon the vesting of performance-based restricted stock units (RSUs).
• Also on February 23, 2024, Pate disposed of 11,546 shares of common stock at $39.09 per share for payment of withholding tax liability.
• Following these transactions, Pate directly owns 511,141 shares of Par Pacific Holdings common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transactions are related to standard executive compensation practices. The vesting of RSUs based on performance metrics is a slightly positive indicator.

Positives

• The vesting of performance-based RSUs suggests that pre-established performance metrics were met, which could be viewed positively.

Future Outlook

The number of shares acquired upon vesting of the performance-based RSU is contingent upon the achievement of pre-established performance metrics.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and alignment with company performance.

Key Dates