Form 4: PAR Pacific Holdings Director Robert Silberman Granted Restricted Stock Units

PAR Pacific Holdings, Inc. Director Robert S. Silberman was granted 1,272 restricted stock units, which are set to vest in full on July 5, 2026.

Summary

• Robert S. Silberman, a Director of PAR Pacific Holdings, Inc. (PARR), acquired 1,272 restricted stock units (RSUs) on July 5, 2025.
• Each restricted stock unit represents a contingent right to receive one share of common stock.
• The acquired restricted stock units will vest in full on July 5, 2026.
• Vested shares will be delivered to Mr. Silberman following the termination of his service.
• Following this transaction, Mr. Silberman beneficially owns 1,272 derivative securities in the form of restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While a routine compensation event, it signifies continued alignment of a director's interests with the company's long-term performance through equity ownership.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders, as the value of the compensation is tied to the company's stock performance.
• This type of equity compensation serves as a retention mechanism for key management and directors.

Negatives

• The issuance of new restricted stock units, upon vesting and conversion to common stock, will result in a minor dilution of existing shareholder equity.

Future Outlook

The restricted stock units granted to Director Robert S. Silberman are scheduled to vest in full on July 5, 2026, with the underlying common shares to be delivered upon termination of service.

Industry Context

This transaction is a routine equity compensation grant to a director, common practice across various industries to align management and board interests with shareholder value.

Comparison to Industry Standards

• The grant of restricted stock units to directors is a standard practice in corporate governance across publicly traded companies, including those in the energy and refining sectors like PAR Pacific Holdings.
• The vesting schedule, with full vesting on a specific future date, is a common structure for such grants, aiming to retain talent and incentivize long-term performance.

Related Party Transactions

• Robert S. Silberman, a Director of PAR Pacific Holdings, Inc., was granted 1,272 restricted stock units, which is a transaction between the company and a related party (an insider).

Stakeholder Impact

• Shareholders: The grant aligns the director's interests with shareholders, potentially leading to better long-term decision-making, but also involves minor future dilution upon vesting.
• Employees (specifically the director): The director receives equity compensation, incentivizing continued service and performance.

Next Steps

• The restricted stock units are expected to vest on July 5, 2026.
• Vested shares will be delivered to Robert S. Silberman following the termination of his service.

Key Dates

Keywords

PAR Pacific Holdings, PARR, Robert Silberman, Restricted Stock Units, RSU, Insider Transaction, SEC Form 4, Equity Compensation, Director Compensation, Stock Grant