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PAR Technology (NYSE: PAR) awards 66,293 RSUs to President, Growth & AI

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Ostertag Oliver reported acquisition or exercise transactions in this Form 4 filing.

PAR Technology Corp reported that Oliver Ostertag, its President, Growth & AI, received a grant of 66,293 shares of common stock in the form of restricted stock units. These units vest in three equal installments on March 1, 2027, 2028 and 2029. Following this equity award, Ostertag directly holds 125,723 shares of PAR common stock, reflecting a compensation-related increase rather than an open-market purchase.

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Insider Ostertag Oliver
Role President, Growth & AI
Type Security Shares Price Value
Grant/Award Common Stock 66,293 $0.00 --
Holdings After Transaction: Common Stock — 125,723 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSU grant size 66,293 shares Restricted stock units awarded to Oliver Ostertag
Grant price per share $0.00 per share Stated price for RSU grant
Holdings after grant 125,723 shares Ostertag’s direct PAR common stock holdings post-transaction
Vesting tranche dates March 1, 2027/2028/2029 Three equal RSU vesting installments
restricted stock units financial
"Grant of restricted stock units that vest in 1/3 increments on March 1, 2027, 2028, and 2029."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
President, Growth & AI other
"officer_title": "President, Growth & AI""
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Ostertag Oliver
(Last)(First)(Middle)
8383 SENECA TURNPIKE
(Street)
NEW HARTFORD NEW YORK 13413
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PAR TECHNOLOGY CORP [ PAR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
President, Growth & AI
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/11/2026A66,293(1)A$0125,723D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Grant of restricted stock units that vest in 1/3 increments on March 1, 2027, 2028, and 2029.
Remarks:
/s/ Jennifer L Karinen, Attorney-in-fact05/13/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did PAR (PAR) disclose about Oliver Ostertag’s recent stock grant?

PAR Technology disclosed that President, Growth & AI, Oliver Ostertag received 66,293 restricted stock units of common stock. These are compensation-related awards, not open‑market purchases, and increase his direct holdings to 125,723 shares after the grant.

How many PAR (PAR) shares does Oliver Ostertag hold after this Form 4?

After the reported grant, Oliver Ostertag directly holds 125,723 shares of PAR common stock. This total reflects the addition of 66,293 restricted stock units awarded as compensation that will vest over time, rather than immediately tradable purchased shares.

What is the size and structure of Oliver Ostertag’s RSU award at PAR (PAR)?

Ostertag received 66,293 restricted stock units of PAR common stock at a stated price of $0.00 per share. The award vests in three equal one‑third installments on March 1, 2027, March 1, 2028, and March 1, 2029, subject to the grant terms.

Is Oliver Ostertag’s PAR (PAR) Form 4 transaction a stock purchase or a grant?

The Form 4 reports a grant of restricted stock units to Oliver Ostertag, not an open‑market stock purchase. The transaction is coded as an acquisition by grant or award, with 66,293 RSUs awarded at no cash purchase price per share.

When do Oliver Ostertag’s PAR (PAR) restricted stock units vest?

The restricted stock units granted to Oliver Ostertag vest in one‑third increments on March 1, 2027, March 1, 2028, and March 1, 2029. This multi‑year vesting schedule aligns the compensation award with longer‑term service and performance horizons at PAR Technology.