4/A: PARR Executive Hollis Reports Stock Transactions

Jeffrey R. Hollis, Senior VP at Par Pacific Holdings, reported the acquisition of common stock through performance share vesting and subsequent tax-related dispositions.

Summary

• Jeffrey R. Hollis, Senior VP General Counsel and Secretary of PAR PACIFIC HOLDINGS, INC. (PARR), reported changes in his beneficial ownership of common stock.
• On February 16, 2026, Hollis acquired 13,003 shares of common stock at a price of $42.86 per share.
• This acquisition resulted from the vesting of 8,282 performance share unit awards granted on February 16, 2023, covering the performance cycle from January 1, 2023, to December 31, 2025.
• Concurrently, Hollis disposed of a total of 6,349 shares (1,232 + 5,117) of common stock at $42.86 per share.
• These dispositions represent shares withheld by the Issuer for payment of withholding tax liability incurred upon the vesting of restricted shares of common stock.
• Following these transactions, Hollis beneficially owns 31,333 shares of common stock directly.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal. While some shares were sold for tax, the underlying event is the vesting of performance shares, indicating the executive met performance targets and increased their overall stake in the company, aligning interests with shareholders.

Positives

• Jeffrey R. Hollis acquired 13,003 shares of common stock through the vesting of performance share unit awards, indicating successful achievement of performance targets.
• The vesting of 8,282 performance share unit awards reflects positive performance over the January 1, 2023, to December 31, 2025, cycle.

Negatives

• A total of 6,349 shares were disposed of to cover tax liabilities, which is a common occurrence but reduces the net shares retained.

Risks

• NA

Future Outlook

This filing is a report of past insider transactions and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The shares were granted to the reporting person in connection with the vesting of 8,282 performance share unit awards granted to the reporting person on February 16, 2023, relating to the performance cycle from January 1, 2023, to December 31, 2025.
• Represents shares of common stock withheld by the Issuer for payment of withholding tax liability incurred upon the vesting of restricted shares of common stock.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to equity compensation vesting, are common across industries. The net increase in beneficial ownership for an executive, even after tax-related dispositions, can be viewed as a positive signal of management's continued alignment with shareholder interests. The specific details of performance share vesting reflect the company's compensation structure and the executive's achievement of pre-defined goals.

Comparison to Industry Standards

• The vesting of performance share units is a standard practice in executive compensation across various industries, including energy and refining, aligning executive incentives with long-term company performance.
• The withholding of shares for tax purposes upon vesting is a common and expected mechanism for managing tax liabilities associated with equity compensation, consistent with practices observed in companies like Marathon Petroleum (MPC) or Valero Energy (VLO).
• The reported transaction price of $42.86 per share reflects the market value at the time of the transaction, which is a standard valuation method for such events.

Stakeholder Impact

• Shareholders: The vesting of performance shares for an executive can be seen as a positive indicator of management's performance and alignment with shareholder interests. The net increase in shares held by the executive reinforces this alignment.
• Employees: The executive's compensation structure, including performance share units, sets a precedent for performance-based incentives within the company.

Next Steps

• No specific future actions or milestones are mentioned in this Form 4/A filing, as it reports past transactions.

Key Dates

Recommendation

This filing details routine insider transactions related to executive compensation vesting and tax withholding. While the vesting of performance shares is a positive indicator of executive performance, the overall impact on the company's fundamental value or strategic direction is neutral. It does not present new information that would warrant a change in investment thesis, thus a 'hold' recommendation is appropriate.

Keywords

PAR PACIFIC HOLDINGS, PARR, Jeffrey Hollis, Insider Trading, Form 4/A, Stock Vesting, Performance Shares, Executive Compensation, Common Stock