Form 4: PARR Director William Pate Receives 728 RSUs

PAR Pacific Holdings Director William Pate was granted 728 restricted stock units, aligning his interests with shareholders.

Summary

• William Pate, a Director of PAR PACIFIC HOLDINGS, INC. (PARR), acquired 728 restricted stock units (RSUs).
• The transaction date for this acquisition was October 5, 2025.
• Each restricted stock unit represents a contingent right to receive one share of common stock.
• The RSUs will vest in full on October 5, 2026.
• The vested shares are scheduled to be delivered to Mr. Pate on December 1, 2029.
• Following this transaction, Mr. Pate directly beneficially owns 728 derivative securities (RSUs).

Sentiment

Score: 6

Explanation: Slightly positive as it indicates alignment of director's interests with shareholders through equity compensation, but it's a routine transaction with no immediate significant market impact.

Positives

• The grant of restricted stock units to Director William Pate aligns his interests with those of shareholders, incentivizing long-term performance.
• The acquisition of 728 RSUs increases Mr. Pate's direct beneficial ownership in the company.

Negatives

• No negative aspects are reported in this routine insider transaction filing.

Risks

• The value of the restricted stock units is contingent on the future performance of PAR Pacific Holdings' common stock until vesting and delivery.
• There is a risk that the market price of the common stock could decrease before the shares are delivered, impacting the ultimate value received by the director.

Future Outlook

The restricted stock units are scheduled to vest on October 5, 2026, with the underlying common shares to be delivered on December 1, 2029, indicating a long-term incentive structure.

Industry Context

This is a routine insider compensation event and does not directly relate to broader industry trends or competitors, other than reflecting standard executive compensation practices in publicly traded companies.

Comparison to Industry Standards

• This grant of restricted stock units is a common form of equity compensation for directors in publicly traded companies, aligning their interests with shareholders over a multi-year vesting period.
• The specific number of units is typical for non-executive director compensation, though the exact value depends on the company's stock price. No specific comparable companies or projects are mentioned in the filing.

Related Party Transactions

• The acquisition of restricted stock units by Director William Pate from PAR Pacific Holdings, Inc. constitutes a related party transaction as it involves compensation from the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value through equity ownership.
• Management: Reinforces long-term commitment and incentivizes performance from the director.

Next Steps

• Vesting of the 728 restricted stock units on October 5, 2026.
• Delivery of the 728 common shares to William Pate on December 1, 2029.

Key Dates

Recommendation

This Form 4 filing reports a routine grant of restricted stock units to a director as part of their compensation. While it signifies alignment of interests, the transaction size is not substantial enough to warrant a change in investment recommendation based solely on this filing. It is an expected part of corporate governance and compensation practices.

Keywords

PARR, William Pate, Restricted Stock Units, Insider Transaction, Director Compensation, SEC Form 4, Equity Grant