Form 4: Director Douglas Rauch Receives PAR Technology Equity Grant
Statement of Changes in Beneficial Ownership
Director Douglas Rauch was granted 11,490 restricted stock units as part of his annual director compensation package.
Summary
- Director Douglas Rauch acquired 11,490 restricted stock units (RSUs) on June 8, 2026.
- The grant represents the equity portion of the non-employee director annual retainer for the term beginning May 29, 2026.
- The RSUs are scheduled to vest 100% on the earlier of June 8, 2027, or the date of the 2027 annual shareholder meeting.
- Following this transaction, the director's total beneficial ownership of common stock increased to 25,980 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Standardized compensation structure under the existing 2015 Equity Incentive Plan.
Negatives
- None identified; this is a routine compensatory disclosure.
Risks
- None identified; this is a routine compensatory disclosure.
Future Outlook
The RSUs are set to vest in approximately 12 months, contingent upon the director's continued service or the occurrence of the 2027 annual meeting.
Industry Context
StockSavvy.ai notes that equity-based compensation for board members is a standard corporate governance practice in the technology sector to ensure long-term alignment between leadership and shareholder value.
Comparison to Industry Standards
- The use of time-vesting RSUs for director compensation is consistent with standard practices for mid-cap technology companies.
- The vesting period of one year aligns with typical annual director service cycles observed in the industry.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation | Issuance of annual equity retainer to Director Douglas Rauch. | 06/08/2026 | Standard alignment of director incentives. |
Stakeholder Impact
- Shareholders: Minimal impact; reflects standard director compensation practices.
Next Steps
- Vesting of the granted RSUs on or before June 8, 2027.
Key Dates
| Date | Description |
|---|---|
| 01/23/2026 | Date of Power of Attorney execution. |
| 05/29/2026 | Commencement of the director's annual term. |
| 06/08/2026 | Grant date of the restricted stock units. |
| 06/10/2026 | Filing date of the Form 4. |
| 06/08/2027 | Vesting date for the restricted stock units. |
Keywords
PAR Technology, Director Compensation, Equity Incentive Plan, Restricted Stock Units, Insider Ownership
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