Form 4: PAR Pacific Holdings Director William Pate Receives Restricted Stock Unit Grant

PAR Pacific Holdings, Inc. Director William Pate was granted 795 restricted stock units on July 5, 2025, as part of his compensation, with vesting scheduled for July 5, 2026, and share delivery by December 1, 2029.

Summary

• Director William Pate of PAR Pacific Holdings, Inc. was granted 795 restricted stock units (RSUs) on July 5, 2025.
• Each restricted stock unit represents a contingent right to receive one share of common stock.
• The restricted stock units will vest in full on July 5, 2026.
• The vested shares are scheduled to be delivered to Mr. Pate on December 1, 2029.
• The transaction was reported on a Form 4 filing dated July 8, 2025.

Sentiment

Score: 5

Explanation: The filing reports a routine grant of restricted stock units to a director, which is a standard form of executive compensation and does not inherently indicate positive or negative company performance or significant new developments.

Positives

• The grant of restricted stock units aligns the director's financial interests with those of the shareholders, as the value of the compensation is tied to the company's stock performance.
• Equity compensation is a standard practice for attracting and retaining qualified board members.

Negatives

• The grant of new shares upon delivery could result in minor dilution for existing shareholders, although the amount of 795 units is relatively small.

Risks

• The value of the restricted stock units upon vesting and delivery is subject to the future market price of PAR Pacific Holdings, Inc. common stock.
• If Mr. Pate's service as a director ceases before the vesting date, the unvested restricted stock units may be forfeited.

Future Outlook

This Form 4 filing primarily reports an insider equity transaction and does not provide forward-looking statements regarding the company's operational or financial performance, beyond the specified vesting and delivery schedule for the granted restricted stock units.

Industry Context

The grant of restricted stock units to a director is a common practice across various industries for executive and board compensation, aiming to align the interests of leadership with long-term shareholder value.

Related Party Transactions

• Grant of 795 restricted stock units to William Pate, a director of PAR Pacific Holdings, Inc., as part of his compensation package.

Stakeholder Impact

• Shareholders: Potential minor dilution upon the delivery of shares, but the grant aligns director incentives with shareholder interests.
• Employees: No direct impact on general employees from this specific director compensation filing.

Next Steps

• The restricted stock units will vest in full on July 5, 2026.
• The vested shares will be delivered to William Pate on December 1, 2029.

Key Dates

Keywords

PAR Pacific Holdings, PARR, William Pate, Form 4, Restricted Stock Units, RSU, Director Compensation, Equity Grant, Insider Transaction