Form 4: Par Pacific Holdings CFO Sells Shares to Cover Tax Obligations

Shawn David Flores, CFO of Par Pacific Holdings, sold shares to cover withholding tax liabilities upon the vesting of restricted stock.

Summary

• Shawn David Flores, the Senior Vice President and Chief Financial Officer of Par Pacific Holdings, Inc. (PARR), reported changes in beneficial ownership of the company's common stock.
• On February 16, 2025, Mr. Flores disposed of 1,195 shares at a price of $15.84 per share to cover withholding tax liability.
• Following this transaction, he directly owned 27,630 shares of common stock.
• On February 18, 2025, Mr. Flores disposed of 715 shares at a price of $15.92 per share to cover withholding tax liability.
• Following this transaction, he directly owned 26,915 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing simply reports stock sales to cover tax obligations, which is a routine event.

Industry Context

Executive stock transactions are routinely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects. Sales to cover tax obligations are common and generally not viewed negatively.

Stakeholder Impact

• The stock sales are unlikely to have a significant impact on stakeholders as they are related to tax obligations and represent a small percentage of the outstanding shares.

Key Dates

Keywords

Form 4, Beneficial Ownership, PARR, Par Pacific Holdings, Shawn David Flores, CFO, Tax Withholding