Form 4: Par Pacific Holdings Director Acquires Restricted Stock Units

William Pate, a director at Par Pacific Holdings, acquired 1,497 restricted stock units on January 5, 2025, which will vest on January 5, 2026, and be delivered on December 1, 2029.

Summary

• William Pate, a director of Par Pacific Holdings, acquired 1,497 restricted stock units on January 5, 2025.
• These restricted stock units represent a contingent right to receive one share of common stock each.
• The units will vest in full on January 5, 2026.
• The vested shares will be delivered to Mr. Pate on December 1, 2029.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, which is generally positive as it shows alignment of interests between the director and the company. It is not a major event, but it is a positive indicator.

Positives

• The acquisition of restricted stock units by a director can be seen as a positive sign of confidence in the company's future.

Industry Context

This is a standard SEC Form 4 filing, which is common for directors and officers of publicly traded companies when they acquire or dispose of company securities. It is a routine disclosure and does not indicate any specific industry trend.

Comparison to Industry Standards

• The granting of restricted stock units to directors is a common practice across publicly traded companies as a form of compensation and incentive.
• The vesting period of approximately one year and the delivery period of approximately four years are within typical ranges for such grants.
• Companies like Marathon Petroleum and Valero Energy also use similar equity-based compensation for their executives and directors.

Stakeholder Impact

• The acquisition of restricted stock units by a director can be seen as a positive sign for shareholders, indicating the director's confidence in the company's future performance.

Key Dates

Keywords

restricted stock units, director, insider trading, equity, Par Pacific Holdings, vesting