Form 4: Par Pacific Holdings Director Acquires Restricted Stock Units
SEC Form 4 Filing
Anthony R. Chase, a director of Par Pacific Holdings, acquired 633 restricted stock units on April 5, 2024, which will vest on April 5, 2025.
Summary
- On April 5, 2024, Anthony R. Chase, a director of Par Pacific Holdings, acquired 633 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 and be delivered on April 5, 2025.
- Vested shares will be delivered to the reporting person following termination of service.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation, and does not contain information that would significantly impact investor sentiment.
Future Outlook
The restricted stock units will vest on April 5, 2025, and vested shares will be delivered to the reporting person following termination of service.
Industry Context
This filing reflects standard executive compensation practices within publicly traded companies, where stock-based compensation is used to align the interests of directors with those of shareholders.
Stakeholder Impact
- The acquisition of restricted stock units by a director aligns their interests with those of shareholders, potentially incentivizing decisions that increase shareholder value.
Key Dates
| Date | Description |
|---|---|
| 04/05/2024 | Date of transaction: Anthony R. Chase acquired 633 restricted stock units. |
| 04/05/2025 | Restricted stock units will vest in full and be delivered. |
| 04/08/2024 | Date of signature on the Form 4 filing. |
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