Form 4: PARR Director Silberman Granted 1,166 Restricted Stock Units

PAR Pacific Holdings Director Robert S. Silberman was granted 1,166 restricted stock units, which are scheduled to vest in full on October 5, 2026.

Summary

• Robert S. Silberman, a Director of PAR PACIFIC HOLDINGS, INC. (PARR), was granted 1,166 restricted stock units (RSUs).
• The transaction date for this grant was October 5, 2025.
• Each restricted stock unit represents a contingent right to receive one share of common stock.
• The restricted stock units will vest in full on October 5, 2026.
• Vested shares will be delivered to Mr. Silberman following the termination of his service.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it reflects standard compensation practices that align director interests with shareholders, without indicating any negative operational or financial news.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders, incentivizing long-term performance.
• Equity compensation is a standard practice for retaining and motivating experienced board members.

Future Outlook

The restricted stock units are set to vest on October 5, 2026, with the underlying common stock shares to be delivered to the reporting person upon termination of service, indicating a future equity payout contingent on continued service.

Industry Context

The grant of restricted stock units to a director is a common form of non-cash compensation in publicly traded companies across various industries, including the energy sector where PAR Pacific Holdings operates. This practice is used to attract and retain qualified board members and align their financial interests with the long-term performance of the company.

Comparison to Industry Standards

• Equity grants, such as restricted stock units, are a standard component of director compensation packages in most U.S. public companies, comparable to practices at peers like Valero Energy Corporation or Marathon Petroleum Corporation, which also utilize equity to incentivize their leadership.

Stakeholder Impact

• Shareholders: The grant aligns the director's long-term interests with shareholder value creation, potentially leading to more focused governance.
• Employees: No direct impact on general employees is indicated by this specific filing.

Next Steps

• The restricted stock units will vest in full on October 5, 2026.
• Vested shares will be delivered to Robert S. Silberman following the termination of his service.

Key Dates

Recommendation

This filing details a routine equity grant to a director as part of their compensation. It does not contain information that would fundamentally alter the investment thesis for PAR Pacific Holdings, nor does it signal any significant operational or financial changes. Therefore, a 'hold' recommendation is appropriate as this event is a standard corporate action.

Keywords

PARR, PAR Pacific Holdings, Robert Silberman, Form 4, Restricted Stock Units, RSU, Director, Insider Transaction, Equity Grant