Form 4: Par Pacific Holdings EVP Richard Creamer Reports Stock Grant and Tax Withholding
SEC Form 4 Filing
Richard Creamer, EVP of Refining and Logistics at Par Pacific Holdings, reports receiving a stock grant and subsequent tax withholding.
Summary
- On February 21, 2025, Richard Creamer, EVP of Refining and Logistics at Par Pacific Holdings, received a grant of 25,608 shares of restricted stock at a price of $15.62.
- These shares vest in three equal installments on the first, second, and third anniversaries of the grant date.
- On February 23, 2025, 833 shares of common stock were withheld by Par Pacific Holdings for payment of withholding tax liability incurred upon the vesting of restricted shares, also at $15.62.
- Following these transactions, Creamer directly owns 70,883 shares of Par Pacific Holdings common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation, with no particularly positive or negative implications.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership.
- The filing reflects part of the executive compensation structure.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Grant of 25,608 shares of restricted stock to Richard Creamer. |
| 02/23/2025 | Withholding of 833 shares for tax liability. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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