Form 4: Par Pacific Holdings Executive Shawn Flores Reports Stock Grant

Shawn Flores, CFO of Par Pacific Holdings, reports the acquisition of 6,396 shares of restricted stock at $39.09 per share on February 23, 2024.

Summary

• On February 23, 2024, Shawn Flores, the Senior Vice President and Chief Financial Officer of Par Pacific Holdings, Inc., acquired 6,396 shares of common stock.
• These shares were granted as restricted stock at a price of $39.09 per share.
• The reporting person now directly owns 29,760 shares.
• The restricted stock vests in three equal installments on the first, second, and third anniversaries of the grant date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a standard executive compensation practice, indicating confidence in the executive and the company's future.

Positives

• The grant of restricted stock aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the CFO.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance, but the vesting schedule of the restricted stock suggests a multi-year commitment from the CFO.

Management Comments

• The document does not contain direct quotes, but the filing indicates Shawn Flores's acquisition of restricted stock as part of his compensation.

Industry Context

This type of stock grant is a common practice in the industry to incentivize and retain key executives.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in the energy and holding company sectors.
• Companies like Marathon Petroleum and HF Sinclair also use stock grants as part of their executive compensation plans.
• The vesting schedule of one-third annually is a standard practice to ensure long-term alignment.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns management's interests with the company's long-term success.
• Employees may see this as a sign of stability and confidence in the company's leadership.

Key Dates