Form 4: PARR Chief Accounting Officer Receives Restricted Stock Grant

Ivan Guerra, Chief Accounting Officer of Par Pacific Holdings, Inc., reported the acquisition of 3,275 restricted shares and the disposition of 1,105 shares for tax withholding.

Summary

• Ivan Guerra, Chief Accounting Officer, acquired 3,275 shares of common stock on February 20, 2026, at a price of $42.75 per share.
• This acquisition represents a grant of restricted stock.
• The restricted shares will vest in three equal installments: one-third on March 1st after the first, second, and third anniversaries of the grant date.
• On February 21, 2026, 1,105 shares of common stock were disposed of at $42.75 per share.
• This disposition was due to shares being withheld by Par Pacific Holdings, Inc. for payment of withholding tax liability incurred upon the vesting of restricted shares.
• Following these transactions, Ivan Guerra beneficially owns 18,226 shares of common stock directly.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, reflecting ongoing executive compensation and retention, which aligns management's interests with long-term company performance, despite the routine tax-related share disposition.

Positives

• The Chief Accounting Officer received a grant of 3,275 restricted shares, aligning management's interests with shareholders.
• The grant indicates continued compensation and retention of key management personnel.

Negatives

• 1,105 shares were disposed of to cover tax liabilities, which is a common occurrence but reduces the immediate net increase in beneficial ownership.

Future Outlook

The vesting schedule for the restricted stock grant indicates a future commitment of the Chief Accounting Officer to the company over the next three years.

Industry Context

StockSavvy.ai notes that restricted stock grants are a standard component of executive compensation packages across various industries, particularly in energy and refining sectors like Par Pacific Holdings. These grants are designed to align executive incentives with long-term shareholder value creation by tying compensation to future performance and continued employment.

Comparison to Industry Standards

• Restricted stock grants with multi-year vesting schedules are a common practice in executive compensation, comparable to practices at companies like Valero Energy Corporation or Marathon Petroleum Corporation, which also utilize equity awards to retain key talent and incentivize long-term performance.
• The disposition of shares for tax withholding is also a standard procedure upon vesting of such awards.

Related Party Transactions

• The restricted stock grant and subsequent share disposition for tax withholding are transactions between Par Pacific Holdings, Inc. and its Chief Accounting Officer, Ivan Guerra, which are common and disclosed as related party dealings.

Stakeholder Impact

• Shareholders: The grant aligns the Chief Accounting Officer's interests with shareholders through equity ownership, potentially fostering long-term value creation.
• Employees: Reflects standard executive compensation practices, which can influence overall compensation philosophy.

Next Steps

• One-third of the granted restricted shares will vest on March 1st after the first anniversary of the grant date.
• One-third of the granted restricted shares will vest on March 1st after the second anniversary of the grant date.
• One-third of the granted restricted shares will vest on March 1st after the third anniversary of the grant date.

Key Dates

Recommendation

This Form 4 filing details a routine restricted stock grant and subsequent tax-related disposition for a key executive. While it indicates continued alignment of management interests with shareholders, it does not present new information significant enough to alter the fundamental investment thesis for Par Pacific Holdings, Inc. Therefore, a 'hold' recommendation is appropriate, maintaining current positions based on broader company performance and market conditions rather than this specific insider transaction.

Keywords

PAR PACIFIC HOLDINGS, PARR, Ivan Guerra, Chief Accounting Officer, Restricted Stock, Form 4, Insider Trading, Equity Grant, Stock Compensation, Beneficial Ownership