Form 4: PAR Technology Director Linda M. Crawford Reports Acquisition of 1,985 Shares of Common Stock

Director Linda M. Crawford reports acquiring 1,985 shares of PAR Technology Corp common stock as part of her non-employee director annual retainer.

Summary

• Linda M. Crawford, a director of PAR Technology Corp, filed a Form 4 on March 4, 2024, reporting a transaction on February 29, 2024.
• The transaction involved the acquisition of 1,985 shares of common stock.
• These shares were received as the equity portion of her non-employee director annual retainer for the term commencing December 5, 2023.
• The shares were granted as time-vesting restricted stock units (RSUs) under the Amended and Restated PAR Technology Corporation 2015 Equity Incentive Plan.
• 100% of the RSUs vest on the date of the Company's 2024 annual meeting of stockholders.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares is generally a good sign, but it's part of a compensation package, so it's expected.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The RSUs will vest on the date of the Company's 2024 annual meeting of stockholders.

Industry Context

Directors receiving stock as part of their compensation is a common practice in publicly traded companies. This aligns their interests with those of the shareholders.

Related Party Transactions

• The grant of RSUs to Linda M. Crawford as part of her director compensation is a related party transaction.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.

Next Steps

• The RSUs will vest on the date of the Company's 2024 annual meeting of stockholders.

Key Dates