Form 4: Par Technology Corp Executive Steenberge Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Michael Anthony Steenberge, Chief Accounting Officer of Par Technology Corp, reports disposing of 2,035 shares to cover tax obligations from vesting restricted stock units.
Summary
- On March 1, 2025, Michael Anthony Steenberge, Chief Accounting Officer of Par Technology Corp, disposed of 2,035 shares of common stock.
- The disposal was to cover tax obligations arising from the vesting of restricted stock units granted on March 4, 2022, March 3, 2023, and February 29, 2024.
- The shares were disposed of at a price of $68.71 per share.
- Following the transaction, Steenberge directly owns 20,344 shares of Par Technology Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't indicate a change in the executive's overall confidence in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to vested equity.
Key Dates
| Date | Description |
|---|---|
| 03/04/2022 | Date of grant of restricted stock units. |
| 03/03/2023 | Date of grant of restricted stock units. |
| 02/29/2024 | Date of grant of restricted stock units. |
| 03/01/2025 | Date of transaction (stock disposal). |
| 03/04/2025 | Date of signature on the Form 4. |
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