Form 4: PARR EVP Sells Shares Under 10b5-1 Plan

PAR Pacific Holdings EVP Richard Creamer sold 15,848 shares of common stock for a weighted average price of $41.22 per share as part of a pre-arranged trading plan.

Summary

• Richard Creamer, EVP Refining and Logistics at PAR Pacific Holdings, Inc. (PARR), reported a sale of common stock.
• The transaction involved the disposition of 15,848 shares of common stock.
• The shares were sold on November 6, 2025, at a weighted average price of $41.22 per share.
• Individual sales prices ranged from $40.56 to $41.65.
• Following this transaction, Mr. Creamer beneficially owns 54,654 shares of common stock directly.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-arranged trading plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can sometimes be viewed negatively, the execution under a Rule 10b5-1 plan suggests a pre-planned financial decision rather than a reaction to new company-specific information, thus mitigating negative implications.

Positives

• The sale was conducted under a Rule 10b5-1(c) plan, indicating it was pre-scheduled and not based on immediate, non-public information.

Negatives

• Insider selling, even under a 10b5-1 plan, can sometimes be perceived negatively by the market as it reduces management's direct equity stake.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

Insider transactions, particularly those executed under Rule 10b5-1 plans, are a routine part of executive compensation and personal financial management across various industries. While the sale reduces an executive's direct holdings, the pre-arranged nature of the plan aims to mitigate concerns about opportunistic trading based on non-public information.

Corporate Governance

Stakeholder Impact

• Shareholders may observe a reduction in direct insider ownership, which could be interpreted in various ways, though the 10b5-1 plan typically alleviates concerns about opportunistic selling.
• Employees are not directly impacted by this specific insider transaction report.

Key Dates

Recommendation

The Form 4 reports a routine insider sale executed under a pre-arranged 10b5-1 plan. While it reduces an executive's direct stake, it doesn't signal new fundamental information about the company's prospects. Therefore, it does not warrant a change in investment recommendation based solely on this filing. Investors should 'hold' and consider broader company fundamentals and market conditions.

Keywords

PAR Pacific Holdings, PARR, Richard Creamer, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Executive Compensation