Form 4: PAR Technology Corp: Officer King Settles Tax Obligations with Stock, Corrects Minor Filing Error
SEC Form 4
Cathy A. King, CLO & Corporate Secretary of PAR Technology Corp, disposed of shares to cover tax obligations from vesting restricted stock units and corrected a minor error in a previous filing.
Summary
- On March 1, 2025, Cathy A. King, the CLO & Corporate Secretary of PAR Technology Corp, disposed of 5,904 shares of common stock to cover tax obligations.
- The shares were withheld to pay the tax obligation arising from the vesting of a portion of restricted stock units granted on March 4, 2022, March 3, 2023, and February 29, 2024.
- The transaction price was $68.71 per share.
- Following the transaction, King beneficially owns 41,015 shares of PAR Technology Corp.
- The total number of shares reported includes a decrease of 59 shares to correct a de minimis error on a previously filed Form 4.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a routine transaction for tax purposes and a minor correction. There is no indication of positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It reflects the standard practice of executives managing their equity compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2022-03-04 | Date of grant of a portion of the restricted stock units. |
| 2023-03-03 | Date of grant of a portion of the restricted stock units. |
| 2024-02-29 | Date of grant of a portion of the restricted stock units. |
| 2025-03-01 | Date of transaction (disposal of shares). |
| 2025-03-04 | Date of signature on the Form 4. |
Keywords
Form 4, Beneficial Ownership, Insider Trading, Stock Disposal, Tax Obligations, Restricted Stock Units, PAR Technology Corp, Cathy A. King
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