PAR Technology (PAR) CEO automatic tax sell-to-cover stock sale
Rhea-AI Filing Summary
PAR Technology Corporation’s CEO and President reported an automatic sale of common stock to cover taxes from vesting equity awards. On 01/05/2026, the insider sold 3,608 shares of common stock at a weighted average price of $35.73 per share, in multiple trades between $35.49 and $36.06. After this sale, the reporting person beneficially owned 228,926 shares of PAR common stock. The company notes these sales were required under its mandatory, automatic “sell-to-cover” policy and executed under a Rule 10b5-1 trading plan adopted on June 3, 2025, meaning they were not discretionary trades.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,608 | $35.73 | $129K |
Footnotes (1)
- The sales reported on this Form 4 represent shares of Common Stock required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of a portion of restricted stock units granted on December 30, 2024. These sales are made pursuant to the Company's mandatory, automatic "sell-to-cover" policy as implemented in a Rule 10b5-1 plan adopted on June 3, 2025, and do not represent discretionary trades by the Reporting Person. The sales price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.49 to $36.06, inclusive. The Reporting Person undertakes to provide to PAR Technology Corporation, any security holder of PAR Technology Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
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