Form 4: Director Keith Pascal Receives PAR Technology Equity Grant

Director Keith Pascal was granted 11,490 restricted stock units as part of his annual director compensation package.

Summary

• Director Keith Pascal acquired 11,490 restricted stock units (RSUs) of PAR Technology Corporation common stock.
• The grant represents the equity portion of the non-employee director annual retainer for the term beginning May 29, 2026.
• The RSUs were granted at a price of $0 per share as part of the 2015 Equity Incentive Plan.
• Following this transaction, Keith Pascal holds a total of 28,749 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which carries a neutral sentiment.

Positives

• Alignment of director interests with shareholders through equity-based compensation.
• Standardized compensation structure under the established 2015 Equity Incentive Plan.

Negatives

• None identified.

Risks

• Vesting is subject to the passage of time or the date of the 2027 annual meeting, creating potential volatility in director ownership if service is terminated early.

Future Outlook

The RSUs are scheduled to vest 100% on the earlier of 12 months from the June 8, 2026 grant date or the date of the 2027 annual meeting of shareholders.

Management Comments

• The grant is explicitly defined as the equity portion of the non-employee Director annual retainer.

Industry Context

StockSavvy.ai notes that equity-based compensation for board members is a standard industry practice to ensure long-term alignment between governance and shareholder value, particularly in the technology sector.

Comparison to Industry Standards

• The use of time-vesting RSUs for director compensation is consistent with standard corporate governance practices for mid-cap technology firms.
• The vesting period tied to the annual meeting is a common mechanism to ensure director retention through the annual cycle.

Corporate Governance

Stakeholder Impact

• Shareholders: Minimal impact; reflects standard director compensation practices.

Next Steps

• Vesting of the 11,490 RSUs on or before the 2027 annual meeting of shareholders.

Key Dates

Keywords

PAR Technology, Director Compensation, Equity Incentive Plan, Insider Ownership, Restricted Stock Units