Form 4: PAR Technology Director Receives RSU Grant
Statement of Changes in Beneficial Ownership
Director James C. Stoffel was granted 11,490 restricted stock units as part of his annual director compensation.
Summary
- Director James C. Stoffel acquired 11,490 restricted stock units (RSUs) on June 8, 2026.
- The grant represents the equity portion of the non-employee director annual retainer.
- The RSUs are scheduled to vest 100% on the earlier of June 8, 2027, or the date of the 2027 annual meeting of shareholders.
- Following this transaction, the director's total beneficial ownership is 42,680 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which carries a neutral sentiment.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Standardized compensation structure under the 2015 Equity Incentive Plan.
Negatives
- None identified.
Risks
- Market price volatility affecting the future value of the granted equity.
Future Outlook
The RSUs are set to vest in approximately 12 months, aligning the director's tenure with the company's 2027 annual meeting cycle.
Management Comments
- The grant is part of the standard non-employee director annual retainer for the term commencing May 29, 2026.
Industry Context
StockSavvy.ai notes that equity-based compensation for board members is a standard corporate governance practice in the technology sector to ensure long-term alignment with shareholder value.
Comparison to Industry Standards
- The use of time-vesting RSUs for director compensation is consistent with standard practices for mid-cap technology companies.
- The 12-month vesting period is a common benchmark for annual director equity grants.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation | Issuance of annual equity retainer in the form of RSUs. | 2026-06-08 | Standard alignment of director compensation with equity performance. |
Stakeholder Impact
- Shareholders: Minimal impact; reflects standard director compensation practices.
Next Steps
- Vesting of the 11,490 RSUs on or before the 2027 annual meeting of shareholders.
Key Dates
| Date | Description |
|---|---|
| 2026-01-13 | Date of Power of Attorney execution. |
| 2026-05-29 | Commencement date of the director's annual retainer term. |
| 2026-06-08 | Grant date of the restricted stock units. |
| 2026-06-10 | Filing date of the Form 4. |
| 2027-06-08 | Vesting date for the restricted stock units. |
Keywords
PAR Technology, PAR, Director Compensation, Restricted Stock Units, Insider Transaction, Form 4
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