Form 4: PARR Director Timothy Clossey Receives Stock Grant

PAR Pacific Holdings Director Timothy Clossey was granted 671 restricted shares of common stock, valued at $37.26 per share, vesting on January 5, 2027.

Summary

• Timothy Clossey, a Director of PAR PACIFIC HOLDINGS, INC. (PARR), acquired 671 shares of common stock.
• The transaction date for this acquisition was January 5, 2026.
• The shares were acquired at a price of $37.26 per share.
• This represents a grant of restricted stock, which will vest in full and be delivered on January 5, 2027.
• Following this transaction, Timothy Clossey beneficially owns 85,399 shares of common stock directly.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it represents a standard compensation event for a director, aligning their interests with shareholders, which is generally viewed favorably.

Positives

• The grant of restricted stock to a director aligns management's interests with those of shareholders, as the value of their compensation is tied to the company's stock performance.
• The acquisition increases the director's overall beneficial ownership in the company, demonstrating continued commitment.

Future Outlook

The filing indicates a future vesting event for the granted restricted stock on January 5, 2027, which will result in the delivery of the shares to the director.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a restricted stock grant to a director. Such grants are common forms of executive and director compensation, designed to align the interests of company leadership with long-term shareholder value. These transactions are standard practice across various industries for publicly traded companies.

Related Party Transactions

• The grant of restricted stock to Timothy Clossey, a Director of PAR PACIFIC HOLDINGS, INC., constitutes a related party transaction as it involves compensation from the company to an insider.

Stakeholder Impact

• Shareholders: The grant of restricted stock to a director can be seen as a positive for shareholders, as it further aligns the director's financial interests with the company's long-term performance and shareholder value creation.

Next Steps

• The restricted shares granted to Timothy Clossey are scheduled to vest in full and be delivered on January 5, 2027.

Key Dates

Keywords

PARR, PAR Pacific Holdings, Timothy Clossey, Form 4, Insider Transaction, Restricted Stock, Director Compensation, Equity Grant