PAR Technology (NYSE: PAR) director receives 11,490-share RSU equity retainer grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crawford Linda M. reported acquisition or exercise transactions in this Form 4 filing.
PAR Technology Corp director Linda M. Crawford received an equity grant of 11,490 shares of common stock as part of her non-employee director annual retainer. The award represents time-vesting restricted stock units granted under the company’s 2015 Equity Incentive Plan and was issued at no cash cost to her.
Following this grant, Crawford directly holds 19,600 shares. The RSUs are scheduled to vest 100% on the earlier of 12 months from the June 8, 2026 grant date or the date of PAR’s 2027 annual meeting of shareholders, linking her compensation to ongoing board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Crawford Linda M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,490 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 19,600 shares (Direct, null)
Footnotes (1)
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Key Figures
Equity grant size: 11,490 shares
Holdings after grant: 19,600 shares
Grant price per share: $0.0000 per share
+3 more
6 metrics
Equity grant size
11,490 shares
Time-vesting RSU award as director annual retainer
Holdings after grant
19,600 shares
Total PAR common stock directly held by Linda Crawford after transaction
Grant price per share
$0.0000 per share
Reported transaction price, indicating a compensation grant rather than purchase
Grant date
June 8, 2026
RSU grant date for non-employee director annual retainer
Vesting trigger period
12 months from June 8, 2026
Full vesting occurs 12 months after grant if earlier than 2027 meeting
Alternative vesting date
2027 annual shareholder meeting
RSUs vest fully on this meeting date if earlier than 12-month mark
Key Terms
restricted stock units, Equity Incentive Plan, non-employee Director annual retainer
3 terms
restricted stock units financial
"comprising time-vesting restricted stock units (RSUs) granted under the Second Amended"
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.
Equity Incentive Plan financial
"granted under the Second Amended and Restated PAR Technology Corporation 2015 Equity Incentive Plan."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
non-employee Director annual retainer financial
"Equity portion of non-employee Director annual retainer for term commencing May 29, 2026,"
FAQ
What did PAR (PAR) director Linda Crawford report in this Form 4?
Linda Crawford reported receiving 11,490 shares of PAR common stock as an equity portion of her non-employee director annual retainer. The award is structured as time-vesting restricted stock units under PAR’s 2015 Equity Incentive Plan and involves no cash purchase on her part.
What is the vesting schedule for Linda Crawford’s PAR (PAR) RSU award?
The 11,490 restricted stock units vest 100% on the earlier of 12 months from the June 8, 2026 grant date or the date of PAR Technology’s 2027 annual shareholder meeting. This schedule encourages continued board service throughout the upcoming director term.
Was Linda Crawford’s PAR (PAR) equity award an open-market purchase?
No. The Form 4 shows a grant coded as an acquisition under transaction code “A,” indicating a compensation-related award, not an open-market purchase. The transaction price per share is reported as $0.0000, confirming it was granted rather than bought.
Under which plan were Linda Crawford’s PAR (PAR) RSUs granted?
The RSUs were granted under the Second Amended and Restated PAR Technology Corporation 2015 Equity Incentive Plan. This plan provides equity-based compensation, such as restricted stock units, to align directors’ and other participants’ interests with the long-term performance of PAR Technology.