Form 4: PARR Executive Receives Restricted Stock Grant

PAR Pacific Holdings EVP Richard Creamer was granted 10,947 restricted shares, with a portion withheld for tax obligations.

Summary

• Richard Creamer, EVP Refining and Logistics at PAR PACIFIC HOLDINGS, INC. (PARR), acquired 10,947 shares of common stock.
• This acquisition was a grant of restricted stock, occurring on February 20, 2026, with a price of $42.75 per share.
• One-third of these shares will vest on March 1st after each of the first, second, and third anniversaries of the grant date.
• On February 21, 2026, 2,079 shares were disposed of by the issuer to cover withholding tax liabilities incurred upon the vesting of restricted shares.
• Following these transactions, Richard Creamer beneficially owns 62,526 shares of common stock directly.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, reflecting standard executive compensation practices that align management incentives with long-term company performance.

Positives

• The grant of restricted stock aligns management's interests with shareholders for long-term performance.
• The acquisition of 10,947 shares increases the executive's direct equity ownership in the company.

Negatives

• 2,079 shares were withheld by the issuer for tax purposes, reducing the net shares received from the grant.

Risks

• No specific new risks are disclosed in this Form 4 filing, which primarily reports an executive's stock transactions.

Future Outlook

The restricted stock grant indicates a future vesting schedule, with one-third of the shares vesting on March 1st after each of the first, second, and third anniversaries of the grant date.

Industry Context

StockSavvy.ai notes that executive equity grants are a standard practice across industries to incentivize long-term performance and align management interests with shareholder value. This specific grant to an EVP in Refining and Logistics is consistent with compensation strategies in the energy sector.

Comparison to Industry Standards

• Executive equity compensation, particularly restricted stock grants with multi-year vesting schedules, is a common practice in the energy and refining industry, comparable to compensation structures seen at companies like Valero Energy (VLO) or Marathon Petroleum (MPC) for their senior executives.
• The grant size and vesting terms are generally in line with market practices for an EVP-level position.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder value through equity ownership.
• Employees: Standard executive compensation practices can signal stability and competitive remuneration.

Next Steps

• Future vesting of restricted shares on March 1st after the first, second, and third anniversaries of the grant date (February 20, 2026).

Key Dates

Recommendation

This Form 4 filing reports a routine executive compensation event (restricted stock grant and tax withholding) and does not provide new fundamental information about the company's operational performance or strategic direction that would warrant a change in investment recommendation. It primarily indicates continued alignment of executive interests with long-term shareholder value.

Keywords

PAR Pacific Holdings, PARR, Richard Creamer, Form 4, Insider Trading, Restricted Stock, Equity Compensation, Executive Compensation, Stock Grant, Refining and Logistics