Form 4: PARR Executive Sells Shares for Tax Obligation

PAR Pacific Holdings EVP Richard Creamer disposed of 685 common shares to cover tax liabilities from restricted stock vesting.

Summary

• Richard Creamer, EVP Refining and Logistics at PAR PACIFIC HOLDINGS, INC. (PARR), reported a transaction involving company common stock.
• On February 23, 2026, 685 shares of common stock were disposed of at a price of $40.71 per share.
• These shares were withheld by the Issuer to satisfy withholding tax liabilities incurred upon the vesting of restricted shares of common stock.
• Following this transaction, Richard Creamer directly holds 72,969 shares of PAR PACIFIC HOLDINGS, INC. common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting a standard tax withholding process upon the vesting of restricted shares, which implies the executive met performance or tenure requirements.

Positives

• The underlying event is the vesting of restricted shares, which typically indicates the executive has met performance or tenure requirements, reflecting positively on executive retention and goal achievement.

Negatives

• Richard Creamer's direct beneficial ownership of common stock decreased by 685 shares as a result of this transaction.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, as it primarily reports a past insider transaction.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures for company insiders and typically reflect compensation events or personal portfolio management rather than strategic company shifts. This specific filing relates to tax withholding upon restricted stock vesting, a common practice in executive compensation across industries.

Comparison to Industry Standards

• The practice of withholding shares to cover tax liabilities upon restricted stock vesting is a common and accepted method of managing executive compensation in publicly traded companies, aligning with general industry standards for equity compensation plans.

Stakeholder Impact

• Shareholders: Minimal direct impact, as this is a routine compensation-related transaction and does not signal a change in company fundamentals or strategy.
• Employees: No direct impact on the broader employee base.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction where an executive disposed of shares to cover tax liabilities upon restricted stock vesting. Such transactions are common and typically do not indicate a change in the company's fundamental outlook or warrant a shift in investment strategy. Therefore, a 'hold' recommendation is appropriate as this event does not provide new material information to alter an existing investment thesis.

Keywords

PAR PACIFIC HOLDINGS, PARR, Richard Creamer, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock, Executive Compensation