Form 4: Par Pacific Holdings Director Acquires Restricted Stock Units
SEC Form 4 Filing
Robert Silberman, a director at Par Pacific Holdings, acquired 2,395 restricted stock units on January 5, 2025, which will vest on January 5, 2026.
Summary
- Robert Silberman, a director of Par Pacific Holdings, acquired 2,395 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.
- Vested shares will be delivered to Mr. Silberman following termination of his service.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction of a director receiving restricted stock units, which is generally viewed positively as it aligns the director's interests with the company's performance. It is not a major event but a normal part of corporate governance.
Positives
- The acquisition of restricted stock units by a director can be seen as a positive sign of confidence in the company's future.
Future Outlook
The restricted stock units will vest on January 5, 2026, and the shares will be delivered upon termination of service.
Industry Context
This is a standard SEC Form 4 filing, which is common for corporate insiders who acquire or dispose of company securities. It is a routine part of corporate governance and transparency.
Comparison to Industry Standards
- The granting of restricted stock units to directors is a common practice across many publicly traded companies as a form of compensation and incentive.
- Companies like Marathon Petroleum and Valero Energy also use similar equity-based compensation for their directors and executives.
- The vesting period of one year is also fairly standard in the industry.
Stakeholder Impact
- The acquisition of restricted stock units by a director can be seen positively by shareholders as it aligns the director's interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 01/05/2025 | Date of the transaction where the director acquired restricted stock units. |
| 01/05/2026 | Date when the restricted stock units will vest. |
| 01/07/2025 | Date the Form 4 was signed. |
Keywords
restricted stock units, director, Par Pacific Holdings, equity, vesting, Form 4, insider trading
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