Form 4: Par Pacific Holdings Director Acquires Restricted Stock Units

Director Aaron Zell of Par Pacific Holdings, Inc. was granted 1,497 restricted stock units on January 5, 2025, which will vest on January 5, 2026.

Summary

• Aaron Zell, a director at Par Pacific Holdings, Inc., received 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 fully vest on January 5, 2026, and the shares will be delivered after termination of service.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock units to a director, which is generally positive for aligning interests but not a major market mover.

Future Outlook

The shares will be delivered to the reporting person following termination of service.

Industry Context

This is a standard practice for compensating directors and aligning their interests with the company's performance.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice across various industries, including energy and holdings companies.
• Companies like Marathon Petroleum and Valero Energy also use equity-based compensation for their directors.
• The vesting period of one year is fairly standard for such grants.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• This type of compensation is a common practice and is not expected to have a significant impact on other stakeholders.

Key Dates

Keywords

restricted stock units, stock options, insider trading, director, equity compensation, Par Pacific Holdings, PARR