Form 4: PAR Technology CFO Bryan Menar Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Bryan Menar, CFO of PAR Technology, disposed of 552 shares of common stock on March 31, 2024, to cover tax obligations arising from vesting restricted stock units.
Summary
- On March 31, 2024, Bryan A. Menar, the Chief Financial Officer of PAR Technology Corp, disposed of 552 shares of common stock.
- The transaction was executed to cover tax obligations related to the vesting of restricted stock units granted on March 18, 2021.
- The shares were disposed of at a price of $45.36 per share.
- Following the transaction, Menar directly owns 55,404 shares of PAR Technology Corp.
- The transaction was reported on April 2, 2024.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction related to tax obligations. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. This particular filing relates to covering tax obligations, which is a common reason for such transactions.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/18/2021 | Date of grant for the restricted stock units that led to the tax obligation. |
| 03/31/2024 | Date of the stock disposal transaction. |
| 04/02/2024 | Date the Form 4 was signed. |
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