4/A: PARR Executive Reports Restricted Stock Grant and Tax Sale

PAR Pacific Holdings EVP Richard Creamer reported the acquisition of restricted stock and subsequent sale for tax withholding.

Summary

• Richard Creamer, EVP Refining and Logistics at PAR PACIFIC HOLDINGS, INC. (PARR), acquired 10,947 shares of common stock as a restricted stock grant on February 20, 2026.
• The grant price for these shares was $42.75 per share.
• One-third of the granted shares will vest on March 1st after each of the first, second, and third anniversaries of the grant date.
• On February 21, 2026, Mr. Creamer disposed of 2,079 shares of common stock at $42.75 per share.
• This disposition represents shares withheld by the Issuer for payment of withholding tax liability incurred upon the vesting of restricted shares of common stock.
• Following these transactions, Mr. Creamer beneficially owns 73,654 shares of common stock directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. While a portion of shares was sold, it was for tax purposes, and the underlying restricted stock grant is a positive sign of executive alignment and retention.

Positives

• The grant of 10,947 shares of restricted stock aligns executive interests with shareholder value and serves as a form of long-term incentive compensation.
• The vesting schedule over three years encourages executive retention and sustained performance.

Negatives

• The disposition of 2,079 shares, while for tax purposes, slightly reduces the executive's direct beneficial ownership.

Future Outlook

The filing indicates a future vesting schedule for the restricted stock grant, with one-third of the shares vesting on March 1st after each of the first, second, and third anniversaries of the February 20, 2026 grant date.

Industry Context

StockSavvy.ai notes that restricted stock grants and subsequent tax-related dispositions are common practices in executive compensation across various industries. These transactions are standard mechanisms for incentivizing and retaining key management personnel, aligning their long-term interests with the company's performance.

Stakeholder Impact

• Shareholders gain insight into executive compensation structure and the alignment of management's interests with long-term company performance through equity grants.

Next Steps

• One-third of the restricted shares will vest on March 1, 2027.
• One-third of the restricted shares will vest on March 1, 2028.
• One-third of the restricted shares will vest on March 1, 2029.

Key Dates

Recommendation

This Form 4/A filing details a routine executive compensation event involving a restricted stock grant and a subsequent tax-related share disposition. It does not present new information that would fundamentally alter the investment thesis for PAR PACIFIC HOLDINGS, INC., thus a 'hold' recommendation is appropriate based solely on this filing.

Keywords

PARR, insider transaction, restricted stock, executive compensation, Form 4, Richard Creamer, equity grant