Form 4: Par Pacific Holdings Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Shawn David Flores, a Senior Vice President and CFO at Par Pacific Holdings, sold shares to cover withholding tax liabilities upon the vesting of restricted stock.
Summary
- On July 29, 2024, Shawn David Flores, a Senior Vice President and CFO of Par Pacific Holdings, sold 935 shares of common stock.
- The sale was executed to cover withholding tax liabilities incurred upon the vesting of restricted shares.
- The transaction price was $24.96 per share.
- Following the transaction, Flores directly owns 28,825 shares of Par Pacific Holdings.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes), so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity.
Key Dates
| Date | Description |
|---|---|
| 07/29/2024 | Date of transaction: Shawn Flores sold 935 shares of common stock. |
| 07/30/2024 | Date of signature on the Form 4 filing. |
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