Form 4: PARR Director Katherine Hatcher Receives Stock Grant

PAR Pacific Holdings Director Katherine Hatcher was granted 728 shares of restricted common stock, valued at $34.32 per share, which will vest on October 5, 2026.

Summary

• Katherine Hatcher, a Director of PAR PACIFIC HOLDINGS, INC. (PARR), acquired 728 shares of common stock.
• The transaction occurred on October 5, 2025.
• The shares were granted as restricted stock at a price of $34.32 per share.
• Following this transaction, Katherine Hatcher beneficially owns 38,889 shares directly.
• The granted shares will vest in full and be delivered on October 5, 2026.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a director is a positive event as it aligns the director's interests with shareholders and is a routine compensation practice, indicating stability in governance.

Positives

• The grant of restricted stock to a director aligns management's interests with those of shareholders, encouraging long-term value creation.
• The director's increased beneficial ownership demonstrates continued commitment to the company.

Negatives

• No direct negatives are apparent from this routine insider transaction filing.

Risks

• The value of the restricted stock is subject to market fluctuations until vesting and delivery on October 5, 2026.

Future Outlook

The 728 shares of restricted stock granted to Director Katherine Hatcher are scheduled to vest in full and be delivered on October 5, 2026.

Industry Context

Granting restricted stock to directors is a common practice in publicly traded companies to compensate board members, align their interests with shareholders, and incentivize long-term performance and retention. This practice is standard across various industries, including the energy and refining sector where PAR Pacific Holdings operates.

Comparison to Industry Standards

• The grant of restricted stock as part of director compensation is a standard practice, comparable to compensation structures at other publicly traded companies.
• The specific number of shares and value would typically be benchmarked against peer companies in the energy and refining sector to ensure competitive and appropriate compensation for board service.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with those of shareholders, potentially leading to more shareholder-friendly decisions and long-term value creation.
• Management: Reinforces the commitment of the director to the company's long-term success.

Next Steps

• The restricted shares will vest and be delivered to Katherine Hatcher on October 5, 2026.

Key Dates

Recommendation

This Form 4 filing details a routine restricted stock grant to a director, which is a standard compensation practice. While it indicates alignment of interests, it does not present new information that would fundamentally alter the company's valuation or strategic outlook to warrant a strong buy or sell recommendation. It reinforces a "hold" position, acknowledging stable corporate governance and director commitment.

Keywords

PAR Pacific Holdings, PARR, Katherine Hatcher, Form 4, insider transaction, restricted stock, director compensation, equity grant