Form 4: PAR Technology CLO Receives Restricted Stock Grant
Statement of Changes in Beneficial Ownership
Cathy A. King, CLO and Corporate Secretary of PAR Technology Corp, was granted 66,293 restricted stock units.
Summary
- Cathy A. King, Chief Legal Officer and Corporate Secretary of PAR Technology Corp, acquired 66,293 shares of common stock.
- The acquisition was in the form of a restricted stock unit (RSU) grant.
- The transaction occurred on May 11, 2026.
- Following this transaction, the reporting person's total beneficial ownership is 122,919 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding executive compensation, which is neutral in terms of immediate market impact.
Positives
- The grant of equity aligns the interests of the Chief Legal Officer with those of the shareholders.
- The RSU grant includes a multi-year vesting schedule, encouraging long-term retention of key management.
Negatives
- The issuance of additional equity results in minor dilution to existing shareholders.
Risks
- None identified in this specific filing.
Future Outlook
The RSUs vest in three equal annual installments beginning March 1, 2027, and concluding March 1, 2029, contingent upon continued service.
Industry Context
StockSavvy.ai notes that equity-based compensation for executive officers is standard practice in the technology sector to ensure leadership alignment with long-term corporate performance goals.
Comparison to Industry Standards
- The use of multi-year vesting schedules for executive equity grants is consistent with standard corporate governance practices for publicly traded technology firms.
- The grant size is commensurate with typical executive compensation packages for a company of PAR Technology's market capitalization.
Stakeholder Impact
- Shareholders experience minor dilution from the issuance of new equity.
Next Steps
- Vesting of the first tranche of 22,097.67 shares on March 1, 2027.
Key Dates
| Date | Description |
|---|---|
| 05/11/2026 | Date of the RSU grant transaction. |
| 05/13/2026 | Date the Form 4 was filed with the SEC. |
| 03/01/2027 | First vesting date for the RSU grant (1/3 of shares). |
| 03/01/2028 | Second vesting date for the RSU grant (1/3 of shares). |
| 03/01/2029 | Final vesting date for the RSU grant (1/3 of shares). |
Keywords
PAR Technology, Insider Trading, Form 4, Equity Compensation, Corporate Governance
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