Form 4: PARR Director Katherine Hatcher Receives Restricted Stock Grant

PAR Pacific Holdings Director Katherine Hatcher was granted 671 shares of restricted common stock valued at $37.26 per share, vesting in January 2027.

Summary

• Katherine Hatcher, a Director of PAR PACIFIC HOLDINGS, INC. (PARR), acquired 671 shares of common stock.
• The acquisition occurred on January 5, 2026, at a price of $37.26 per share.
• This transaction represents a grant of restricted stock.
• The shares will vest in full and be delivered on January 5, 2027.
• Following this transaction, Katherine Hatcher beneficially owns 39,560 shares directly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 7

Explanation: The filing reports a standard restricted stock grant to a director, which is a common practice for aligning management and director interests with shareholder value. It does not contain any unexpected positive or negative operational or financial news.

Positives

• A director receiving a restricted stock grant aligns their interests with shareholders, indicating confidence in the company's future performance.
• The grant is part of a pre-arranged 10b5-1 plan, suggesting a structured approach to compensation and insider trading compliance.

Risks

• The value of the restricted stock is tied to the future performance of PAR Pacific Holdings' common stock, meaning its ultimate value could be lower if the stock price declines before vesting.

Future Outlook

The vesting of restricted stock on January 5, 2027, implies a future commitment and alignment of the director's interests with the company's long-term performance.

Industry Context

Restricted stock grants are a common form of executive and director compensation across various industries, particularly in publicly traded companies, to incentivize long-term performance and align interests with shareholders. This is standard practice in the energy and refining sector where PAR Pacific operates.

Comparison to Industry Standards

• The grant of restricted stock to a director is a standard compensation practice. The specific number of shares and value would need to be compared to similar grants for directors at peer companies within the energy and refining industry to assess if it's above, below, or in line with industry benchmarks. Without specific peer data, a direct comparison is not possible from this filing alone.

Corporate Governance

Related Party Transactions

• The grant of restricted stock to a director is a related party transaction, which is a standard compensation practice and typically disclosed as such.

Stakeholder Impact

• Shareholders: The grant aligns the director's long-term interests with shareholder value, potentially encouraging decisions that benefit the stock price.

Next Steps

• The shares will vest in full and be delivered on January 5, 2027.

Key Dates

Recommendation

This Form 4 filing details a routine restricted stock grant to a director, which is a standard compensation practice aimed at aligning insider interests with long-term shareholder value. It does not provide new material information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a "hold" recommendation is appropriate, maintaining existing positions based on broader company fundamentals rather than this specific insider transaction.

Keywords

PAR Pacific Holdings, PARR, Katherine Hatcher, Form 4, Restricted Stock, Insider Trading, Director Compensation, Equity Grant, 10b5-1 Plan