Form 4: PARR Executive Sells 14,500 Shares Under 10b5-1 Plan

PAR Pacific Holdings EVP Richard Creamer reported the sale of 14,500 shares of common stock at a weighted average price of $42.71, executed under a Rule 10b5-1 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 14,500 shares of common stock.
• The shares were sold at a weighted average price of $42.71 per share, with individual sales ranging from $42.63 to $42.76.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following this transaction, Creamer beneficially owns 58,469 shares of common stock.
• The reported transaction date is February 27, 2026, while the filing date is March 3, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale is likely part of a pre-arranged Rule 10b5-1 trading plan, which often indicates a planned liquidity event rather than a reaction to new company-specific information.

Negatives

• An executive, Richard Creamer, reported the sale of 14,500 shares of company stock, which, while potentially part of a pre-arranged 10b5-1 plan, still represents a reduction in insider ownership.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that insider sales, particularly those executed under a Rule 10b5-1 plan, are often pre-scheduled and do not necessarily reflect a change in management's immediate outlook on the company's prospects. Such transactions are common for executives managing personal liquidity or portfolio diversification.

Stakeholder Impact

• Shareholders: May interpret the insider sale as a signal, potentially leading to minor short-term price fluctuations, though the impact is likely limited given the transaction size relative to the company's market capitalization and its execution under a 10b5-1 plan.

Key Dates

Recommendation

This Form 4 reports a routine insider sale by an executive, executed under a Rule 10b5-1 plan. While insider sales can sometimes be a bearish signal, this transaction alone is not substantial enough to warrant a change in investment thesis for a seasoned investor. It is likely for personal liquidity or portfolio rebalancing. Therefore, a 'hold' recommendation is appropriate, pending further fundamental analysis of PAR Pacific Holdings, Inc.

Keywords

PARR, insider trading, Form 4, stock sale, executive compensation, beneficial ownership, Richard Creamer, PAR Pacific Holdings, 10b5-1 plan