4/A: PARR Officer Boosts Stake Post-Performance Vesting

Danielle Mattiussi, SVP and Chief Retail Officer of Par Pacific Holdings, increased her direct beneficial ownership of common stock following the vesting of performance share units.

Summary

• Danielle Mattiussi, Senior Vice President Chief Retail Officer, acquired 6,600 shares of PAR PACIFIC HOLDINGS, INC. common stock on February 16, 2026, at a price of $42.86 per share.
• This acquisition resulted from the vesting of 4,204 performance share unit awards granted on February 16, 2023, covering the performance cycle from January 1, 2023, to December 31, 2025.
• Concurrently, Mattiussi disposed of a total of 2,410 shares (483 shares and 1,927 shares) of common stock at $42.86 per share to cover withholding tax liabilities incurred upon the vesting of restricted shares.
• Following these transactions, Mattiussi's direct beneficial ownership of common stock increased to 27,082 shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event. While some shares were sold for tax purposes, the net increase in the officer's beneficial ownership due to performance-based vesting indicates successful achievement of company goals and increased insider alignment.

Positives

• The Senior Vice President Chief Retail Officer acquired 6,600 shares of common stock through the vesting of performance share units, indicating successful achievement of performance targets.
• The net increase in beneficial ownership by 4,673 shares (6,600 acquired 2,410 disposed for tax) suggests increased alignment of management interests with shareholders.

Negatives

• A total of 2,410 shares were disposed of to cover tax withholding liabilities, which is a common but necessary reduction in direct ownership.

Future Outlook

No specific forward-looking statements or guidance are provided in this Form 4/A filing.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those involving performance-based awards, are common in the energy and refining sector, reflecting executive compensation structures tied to company performance. The net increase in ownership by a key officer can be viewed positively by the market as it signals confidence and alignment with shareholder interests.

Comparison to Industry Standards

• StockSavvy.ai observes that the vesting of performance share units and subsequent tax-related sales are standard practices in executive compensation across various industries, including energy.
• Similar compensation structures are seen at peers like Valero Energy (VLO) or Marathon Petroleum (MPC), where executives often receive equity awards tied to multi-year performance metrics.
• The net increase in shares held by the officer is generally in line with typical executive retention and incentive programs designed to align management with long-term company success.

Related Party Transactions

• The transactions involve the acquisition of shares by an officer from the company as part of an executive compensation plan, and the disposal of shares back to the company for tax withholding, which are common related-party dealings in this context.

Stakeholder Impact

• Shareholders: The net increase in insider ownership can be seen as a positive signal, aligning management interests with shareholder value.
• Employees: The vesting of performance share units demonstrates the company's commitment to its executive compensation plan, potentially boosting morale and retention for other employees with similar incentives.

Key Dates

Recommendation

This Form 4/A details a routine insider transaction where an executive acquired shares through performance-based vesting and simultaneously sold a portion to cover tax obligations. While the net increase in beneficial ownership is a positive signal of management alignment, it does not represent a discretionary open-market purchase or sale that would typically warrant a change in investment recommendation. The transaction is expected and reflects standard executive compensation practices, thus maintaining a 'hold' recommendation.

Keywords

PAR PACIFIC HOLDINGS, PARR, Insider Trading, Form 4, Stock Ownership, Executive Compensation, Performance Share Units, Restricted Stock, Danielle Mattiussi, Officer Transactions