PAR Technology (NYSE: PAR) director granted 11,490 RSUs as annual board retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STOFFEL JAMES C reported acquisition or exercise transactions in this Form 4 filing.
PAR Technology Corp director James C. Stoffel received an equity award as part of his annual board compensation. On June 8, 2026, he was granted 11,490 shares of common stock in the form of time-vesting restricted stock units under the company’s 2015 Equity Incentive Plan. These RSUs vest 100% on the earlier of 12 months from the June 8, 2026 grant date or the company’s 2027 annual shareholder meeting. Following this award, Stoffel directly holds 42,680 shares of PAR common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
STOFFEL JAMES C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,490 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 42,680 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 11,490 shares
Post-transaction holdings: 42,680 shares
Grant price: $0.0000 per share
+1 more
4 metrics
RSU grant size
11,490 shares
Time-vesting restricted stock units granted June 8, 2026
Post-transaction holdings
42,680 shares
Total PAR common stock held directly after award
Grant price
$0.0000 per share
Compensation grant, no cash paid by director
Vesting timing
100% cliff vest
Earlier of 12 months from June 8, 2026 or 2027 annual meeting
Key Terms
restricted stock units (RSUs), Equity Incentive Plan, annual retainer, time-vesting
4 terms
restricted stock units (RSUs) financial
"comprising time-vesting restricted stock units (RSUs) granted under the Second Amended and Restated PAR Technology Corporation 2015 Equity Incentive Plan"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
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.
annual retainer financial
"Equity portion of non-employee Director annual retainer for term commencing May 29, 2026"
time-vesting financial
"comprising time-vesting restricted stock units (RSUs) granted under the Second Amended and Restated PAR Technology Corporation 2015 Equity Incentive Plan"
Time-vesting is a schedule that gives someone the right to a stock option, restricted share, or other award gradually over a set period rather than all at once; the recipient only “earns” portions of the grant as time passes. For investors, time-vesting matters because it affects when new shares can enter the market, how long employees have incentives to stay and perform, and the timing of potential dilution or insider selling—think of it like receiving paychecks of ownership instead of a lump-sum grant.
FAQ
What insider transaction did PAR director James C. Stoffel report on this Form 4?
James C. Stoffel reported an equity award of 11,490 PAR Technology common shares in the form of restricted stock units. The grant represents the equity portion of his non-employee director annual retainer for the board term commencing May 29, 2026.
When do James C. Stoffel’s newly granted PAR (PAR) RSUs vest?
The 11,490 restricted stock units granted to James C. Stoffel vest 100% on the earlier of 12 months from June 8, 2026 or the date of PAR Technology’s 2027 annual meeting of shareholders. This single cliff-vesting date governs the entire equity award.
What plan governs the RSU grant reported by PAR director James C. Stoffel?
The restricted stock units granted to James C. Stoffel were issued under the Second Amended and Restated PAR Technology Corporation 2015 Equity Incentive Plan. This equity plan authorizes time-vesting RSU grants as part of non-employee director compensation.