4/A: PARR CEO Monteleone Reports Restricted Stock Grant

PAR Pacific Holdings CEO William Monteleone reported an acquisition of 28,772 restricted shares and a subsequent disposition of 6,851 shares for tax withholding.

Summary

• William Monteleone, President and CEO of PAR Pacific Holdings, Inc., acquired 28,772 shares of common stock as a restricted stock grant on February 20, 2026, at a price of $42.75 per share.
• Following this grant, Monteleone's direct beneficial ownership increased to 466,939 shares.
• On February 21, 2026, 6,851 shares were disposed of at $42.75 per share to cover tax withholding liabilities related to the vesting of restricted shares.
• After the tax-related disposition, Monteleone's direct beneficial ownership stands at 460,088 shares.
• The restricted stock grant vests one-third on March 1st after each of the first, second, and third anniversaries of the grant date.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting continued executive alignment with shareholder interests through equity compensation, with routine tax-related transactions.

Positives

• The President and CEO, William Monteleone, received a grant of 28,772 shares of restricted stock, aligning his interests with long-term company performance.

Negatives

• No specific negatives identified in this filing, as the disposition of shares was for tax withholding purposes related to a restricted stock vesting.

Risks

• No specific risks are detailed in this Form 4/A filing.

Future Outlook

The restricted stock grant's vesting schedule, occurring one-third on March 1st after each of the first, second, and third anniversaries of the grant date, indicates a long-term incentive structure for the CEO.

Management Comments

• No direct management comments or quotes are provided in this Form 4/A filing.

Industry Context

StockSavvy.ai notes that insider transactions, such as restricted stock grants and subsequent tax-related dispositions, are common practices in executive compensation across various industries. These actions typically aim to align executive incentives with long-term shareholder value creation.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock grants, a standard practice in publicly traded companies like ExxonMobil or Chevron, to incentivize long-term performance and retention.
• The disposition of shares for tax withholding upon vesting is a routine and expected event for equity compensation, consistent with practices observed at companies across the S&P 500.

Management Changes

Corporate Governance

Legal Proceedings

• No legal proceedings are reported in this filing.

Related Party Transactions

• The grant of restricted stock to William Monteleone, the President and CEO, constitutes a related party transaction as part of his executive compensation.

Stakeholder Impact

• Shareholders: The grant of restricted stock aligns the CEO's long-term interests with shareholder value creation.
• Employees: No direct impact on general employees is indicated.
• Management: The CEO receives long-term equity incentives.

Next Steps

• Vesting of restricted shares on March 1st after the first, second, and third anniversaries of the grant date.

Key Dates

Recommendation

This Form 4/A filing reports routine insider transactions related to executive compensation (restricted stock grant and tax withholding). While the grant aligns management's interests with shareholders, it does not present new information that would fundamentally alter the investment thesis for PAR Pacific Holdings, Inc. Therefore, a "hold" recommendation is appropriate as it confirms ongoing compensation practices without indicating significant new catalysts or concerns.

Keywords

PARR, PAR Pacific Holdings, William Monteleone, Form 4, insider transaction, restricted stock, CEO, director, equity compensation