Form 4: PARR Director Timothy Clossey Receives Restricted Stock

PAR Pacific Holdings Director Timothy Clossey was granted 728 shares of restricted common stock valued at $34.32 per share, vesting on October 5, 2026.

Summary

• Timothy Clossey, a Director of PAR PACIFIC HOLDINGS, INC. (PARR), acquired 728 shares of common stock.
• The transaction occurred on October 5, 2025, at a price of $34.32 per share.
• These shares represent a grant of restricted stock.
• The restricted shares will vest in full and be delivered on October 5, 2026.
• Following this transaction, Timothy Clossey beneficially owns 84,728 shares of common stock directly.

Sentiment

Score: 6

Explanation: Slightly positive, as it represents a routine compensation event that increases director alignment with shareholder interests, without indicating any negative operational or financial news.

Positives

• The grant of restricted stock aligns the director's interests with long-term shareholder value.
• An increased stake by a director can signal confidence in the company's future prospects.

Risks

• The value of the restricted stock is subject to the future market performance of PAR Pacific Holdings, Inc.'s common stock.
• There is a risk that the shares may not vest if certain conditions (not specified in this filing) are not met, though typically for grants, vesting is time-based.

Future Outlook

The restricted stock grant is structured to vest on October 5, 2026, indicating a future date for the full delivery of shares and continued alignment of the director's interests with the company's long-term performance.

Industry Context

Insider transactions, particularly restricted stock grants to directors, are a common form of executive compensation designed to align management interests with shareholder value over the long term. This grant is a routine compensation event within the industry.

Comparison to Industry Standards

• NA

Related Party Transactions

• Grant of restricted stock to Timothy Clossey, a director of PAR Pacific Holdings, Inc., which is a related party transaction.

Stakeholder Impact

• Shareholders: The grant increases the director's equity stake, potentially enhancing alignment between management and shareholder interests.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The restricted shares will vest in full and be delivered to Timothy Clossey on October 5, 2026.

Key Dates

Recommendation

This Form 4 filing reports a routine restricted stock grant to a director as part of their compensation. While it indicates continued alignment of management interests with shareholders, it does not provide sufficient new information regarding the company's operational performance, financial health, or strategic direction to warrant a change in investment recommendation. Investors should consider this as a standard insider transaction rather than a catalyst for significant price movement.

Keywords

PARR, PAR Pacific Holdings, Timothy Clossey, Form 4, restricted stock, insider transaction, director compensation, equity grant