Form 4: Par Pacific Holdings Officer Reports Stock Grant and Tax Withholding

Jeffrey Ryan Hollis, Senior VP of Par Pacific Holdings, reports receiving a stock grant and shares withheld for tax obligations.

Summary

• On February 21, 2025, Jeffrey Ryan Hollis, Senior VP of Par Pacific Holdings, received a grant of 18,822 shares of restricted common stock at a price of $15.62.
• One third of the shares will vest annually over three years from the grant date.
• On February 23, 2025, 395 shares of common stock were withheld by Par Pacific Holdings at $15.62 for payment of withholding tax liability incurred upon the vesting of restricted shares.
• Following these transactions, Hollis directly owns 29,907 shares of Par Pacific Holdings common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects standard executive compensation practices and regulatory compliance.

Positives

• The grant of restricted stock aligns the executive's interests with those of the shareholders.

Future Outlook

The restricted stock vests over three years, suggesting a long-term commitment from the executive.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company executives and their confidence in the company's future prospects.

Comparison to Industry Standards

• Stock grants are a common form of executive compensation in the oil and gas industry, often used to incentivize performance and retain key personnel.
• Companies like ExxonMobil, Chevron, and Shell also utilize stock grants as part of their compensation packages for senior executives.
• The vesting schedule of one-third annually over three years is a typical vesting structure.

Stakeholder Impact

• Shareholders may view the stock grant as a positive sign, aligning management's interests with the company's long-term success.
• Employees may see the executive's stock ownership as a sign of confidence in the company's future.

Key Dates