Form 4: Par Pacific Holdings Director Acquires Restricted Stock Units
SEC Form 4 Filing
Director Melvyn N. Klein acquired 1,013 restricted stock units in Par Pacific Holdings, Inc. on April 5, 2024, which will vest on April 5, 2025.
Summary
- On April 5, 2024, Melvyn N. Klein, a director of Par Pacific Holdings, Inc., acquired 1,013 restricted stock units.
- Each restricted stock unit represents a contingent right to receive one share of common stock.
- The restricted stock units will vest in full on April 5, 2025.
- Vested shares will be delivered to the reporting person following termination of service.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard transaction related to executive compensation.
Future Outlook
Vested shares will be delivered to the reporting person following termination of service.
Industry Context
This is a standard Form 4 filing, indicating a change in beneficial ownership by a company insider. It's a routine part of executive compensation and alignment with shareholder interests.
Stakeholder Impact
- The acquisition of restricted stock units aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/05/2024 | Date of transaction: Melvyn N. Klein acquired 1,013 restricted stock units. |
| 04/05/2025 | Date the restricted stock units will vest in full. |
| 04/08/2024 | Date of signature on the Form 4 filing. |
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