Form 4: PAR Pacific Holdings Director Aaron Zell Reports Acquisition of Restricted Stock Units

PAR Pacific Holdings Director Aaron Zell reported the acquisition of 795 restricted stock units, which are set to vest on July 5, 2026.

Summary

• Aaron Zell, a Director of PAR Pacific Holdings, Inc. (PARR), acquired 795 restricted stock units (RSUs).
• Each restricted stock unit represents a contingent right to receive one share of common stock.
• The RSUs were acquired on July 5, 2025, and will vest in full on July 5, 2026.
• Vested shares will be delivered to Mr. Zell following termination of service.
• The reported price of the derivative security was $0.
• Following this transaction, Aaron Zell beneficially owns 795 derivative securities (RSUs).

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a positive development as it aligns management's interests with shareholders, promoting long-term value creation. It is a routine compensation event and not indicative of significant operational or financial changes.

Positives

• The grant of 795 restricted stock units to Director Aaron Zell aligns his interests with those of shareholders, as the value of the units is tied to the company's stock performance.
• The vesting schedule encourages long-term commitment and performance from the director.

Negatives

• No direct negatives are apparent from this standard RSU grant filing.

Risks

• No specific risks are detailed in this Form 4 filing, which primarily reports an insider transaction.

Future Outlook

The 795 restricted stock units granted to Director Aaron Zell are scheduled to vest in full on July 5, 2026, with vested shares to be delivered upon termination of service.

Management Comments

• No direct management comments or quotes are provided in this Form 4 filing.

Industry Context

The grant of restricted stock units to a director is a common practice in the industry for executive and board compensation, aiming to align the interests of leadership with long-term shareholder value.

Comparison to Industry Standards

• The specific value and terms of this RSU grant are consistent with typical equity compensation practices for directors in publicly traded companies, though a direct comparison to specific peer companies like Valero Energy Corporation (VLO) or Marathon Petroleum Corporation (MPC) would require detailed compensation disclosures from those firms.

Management Changes

Corporate Governance

Legal Proceedings

• No legal proceedings or regulatory matters are disclosed in this filing.

Related Party Transactions

• The grant of 795 restricted stock units to Aaron Zell, a Director of PAR Pacific Holdings, Inc., constitutes a related party transaction as it involves compensation from the company to an insider.

Stakeholder Impact

• Shareholders: The grant of equity to a director aligns their interests with shareholders, potentially encouraging decisions that enhance long-term stock value.
• Employees: No direct impact on general employees is indicated.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Next Steps

• The restricted stock units are scheduled to vest on July 5, 2026.
• Vested shares will be delivered to the reporting person following termination of service.

Key Dates

Keywords

PAR Pacific Holdings, PARR, Aaron Zell, Restricted Stock Units, RSU, Insider Transaction, Director Compensation, Equity Grant, SEC Form 4