Form 4: Par Pacific Holdings Director Acquires Shares and Restricted Stock Units
SEC Form 4 Filing
Director Curtis Anastasio acquired shares and vested restricted stock units of Par Pacific Holdings on January 5, 2025.
Summary
- On January 5, 2025, Curtis Anastasio, a director at Par Pacific Holdings, acquired 566 shares of common stock at $16.70 per share.
- He also acquired another 361 shares of common stock at the same price.
- Additionally, he received 1,497 shares of restricted stock, which will vest on January 5, 2026.
- An aggregate of 927 restricted stock units vested and were converted to common stock on January 5, 2025.
- Following these transactions, Mr. Anastasio directly owns 102,760 shares of Par Pacific Holdings common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction by a company director, which is generally viewed positively as it indicates confidence in the company. There are no negative implications.
Positives
- The director's acquisition of shares and vesting of restricted stock units indicates confidence in the company's future performance.
- The increase in direct ownership by a director can be seen as a positive sign by investors.
Future Outlook
The document does not contain any forward-looking statements or guidance.
Industry Context
This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the transactions of company directors.
Comparison to Industry Standards
- Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
- The transactions are typical for directors who receive stock-based compensation and are not unusual compared to other companies.
Stakeholder Impact
- The transactions may have a minor positive impact on shareholder sentiment due to the director's increased ownership.
Key Dates
| Date | Description |
|---|---|
| 01/05/2025 | Date of stock and restricted stock unit transactions. |
| 01/07/2025 | Date of filing the Form 4. |
| 01/05/2026 | Date when the 1,497 restricted stock units will vest. |
Keywords
Par Pacific Holdings, Director, Curtis Anastasio, Stock Acquisition, Restricted Stock Units, Share Ownership, Form 4, Insider Trading
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