Form 4: PAR Technology CFO Exercises Stock Options
SEC Form 4 Filing
Bryan A. Menar, CFO of PAR Technology Corp, exercised stock options on March 27, 2024, acquiring 8,500 shares of common stock at $8.82 per share.
Summary
- On March 27, 2024, Bryan A. Menar, the Chief Financial Officer of PAR Technology Corp, exercised stock options.
- This transaction involved the acquisition of 8,500 shares of common stock at a price of $8.82 per share.
- Following the transaction, Menar directly owns 55,956 shares of PAR Technology Corp.
- The exercised options were part of an employee stock option plan, with the options becoming exercisable in installments starting December 8, 2018.
- Menar now holds 26,000 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral report of an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the actions of company executives.
Key Dates
| Date | Description |
|---|---|
| December 12, 2017 | Date when the exercise price for the stock option was inadvertently rounded up and reported as $8.9 per share on the Reporting Person's Form 4. |
| December 8, 2018 | First anniversary of the date on which the option was granted, when the option became exercisable in four equal annual installments. |
| July 15, 2020 | Date when the exercise price for the stock option was inadvertently rounded up and reported as $8.9 per share on the Reporting Person's Form 4. |
| March 27, 2024 | Date of the transaction where Bryan A. Menar exercised stock options. |
| March 28, 2024 | Date of signature by Cathy A King, Attorney-in-fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.