Form 4: Par Pacific Holdings Officer Acquires and Disposes of Shares

Shawn David Flores, Senior Vice President and CFO of Par Pacific Holdings, reports acquisition of restricted stock and disposition of shares for tax withholding.

Summary

• On February 21, 2025, Shawn David Flores, Senior Vice President and CFO of Par Pacific Holdings, acquired 23,127 shares of common stock at a price of $15.62 per share.
• These shares represent a grant of restricted stock, vesting in three equal installments annually from the grant date.
• On February 23, 2025, Flores disposed of 789 shares of common stock at $15.62 per share to cover withholding tax obligations related to the vesting of restricted shares.
• Following these transactions, Flores directly owns 48,586 shares of Par Pacific Holdings common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations. The acquisition of restricted stock is a positive sign, but the disposal for tax purposes is a neutral event.

Positives

• The acquisition of restricted stock by a key officer signals confidence in the company's future performance.

Negatives

• The disposal of shares to cover tax obligations, while routine, slightly reduces the officer's holdings.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Insider transactions are common across publicly traded companies, and the reporting requirements are standardized by the SEC.
• The vesting schedule of the restricted stock (one-third annually) is a typical arrangement.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates