Form 4: PAR Technology Officer Disposes of Shares for Tax Obligations Following RSU Vesting

PAR Technology Corp's Chief Accounting Officer, Michael Anthony Steenberge, reported a disposition of 435 common shares to cover tax liabilities from restricted stock unit vesting.

Summary

• Michael Anthony Steenberge, Chief Accounting Officer of PAR Technology Corp (PAR), reported a transaction involving the company's common stock.
• On June 1, 2025, Mr. Steenberge disposed of 435 shares of PAR common stock at a price of $65.56 per share.
• This disposition was a 'Type F' transaction, indicating shares were withheld by the company to satisfy tax obligations arising from the vesting of a portion of restricted stock units (RSUs).
• The restricted stock units from which these shares vested were originally granted on May 13, 2024.
• Following this transaction, Mr. Steenberge beneficially owns 28,429 shares of PAR common stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral. This is a routine, non-discretionary transaction (shares withheld for tax purposes upon RSU vesting) and does not indicate a change in management's outlook or a significant strategic shift.

Positives

• The transaction indicates the vesting of restricted stock units, which is a positive event for the employee as it represents earned equity compensation.
• The remaining beneficial ownership of 28,429 shares by the Chief Accounting Officer demonstrates continued alignment of interests with shareholders.

Negatives

• The disposition of shares, while for tax purposes, reduces the direct share count held by the officer.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction related to equity compensation. It does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The transaction is a routine insider filing and is unlikely to have a significant direct impact on shareholders, as it's a tax-related disposition rather than a discretionary sale.
• Employees: The vesting of RSUs is a positive for the employee (Michael Anthony Steenberge) as it represents earned compensation.

Key Dates

Keywords

PAR Technology Corp, PAR, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Equity Compensation, Beneficial Ownership, Chief Accounting Officer