Form 4: Par Pacific Holdings Director Acquires Shares Through Restricted Stock Grant
SEC Form 4 Filing
Director Timothy Clossey acquired 1,318 shares of Par Pacific Holdings through a restricted stock grant on October 5, 2024.
Summary
- On October 5, 2024, Timothy Clossey, a director of Par Pacific Holdings, Inc., acquired 1,318 shares of common stock.
- The acquisition was a grant of restricted stock at a price of $18.97 per share.
- These shares will vest in full and be delivered on October 5, 2025.
- Following the transaction, Clossey beneficially owns 81,773 shares of Par Pacific Holdings.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by a director is generally a good sign, but it's a routine transaction.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's increased stake in the company, which is generally viewed positively by investors.
Stakeholder Impact
- The increased stake of a director may positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 10/05/2024 | Date of restricted stock grant and acquisition of 1,318 shares. |
| 10/05/2025 | Date the restricted stock shares will vest and be delivered. |
| 10/08/2024 | Date of signature on the Form 4 filing. |
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