PAR Technology (PAR) awards 66,293 restricted stock units to CLO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KING CATHY A reported acquisition or exercise transactions in this Form 4 filing.
PAR Technology Corp reported that CLO & Corporate Secretary Cathy A. King received a grant of 66,293 shares of common stock as a stock award. These shares are in the form of restricted stock units that vest in three equal installments on March 1, 2027, 2028, and 2029. After this grant, she directly holds 122,919 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KING CATHY A
Role
CLO & Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 66,293 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 122,919 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 66,293 shares
Grant price per share: $0.0000 per share
Shares held after transaction: 122,919 shares
+3 more
6 metrics
RSU grant size
66,293 shares
Restricted stock unit grant on May 11, 2026
Grant price per share
$0.0000 per share
Non-cash stock award
Shares held after transaction
122,919 shares
Direct ownership following grant
Vesting date 1
March 1, 2027
First one-third of RSUs vest
Vesting date 2
March 1, 2028
Second one-third of RSUs vest
Vesting date 3
March 1, 2029
Final one-third of RSUs vest
Key Terms
restricted stock units, Grant, award, or other acquisition, Common Stock
3 terms
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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did PAR (PAR) disclose about Cathy A. King in this Form 4?
PAR Technology Corp reported a stock award to Cathy A. King. She received 66,293 shares of common stock as a grant, increasing her direct holdings to 122,919 shares following the transaction.
What type of equity award did PAR (PAR) grant to Cathy A. King?
The award is a grant of restricted stock units (RSUs). These RSUs represent shares of common stock and were recorded as a non-derivative acquisition with a transaction code indicating a grant or award.
When do Cathy A. King’s PAR (PAR) restricted stock units vest?
The restricted stock units vest in three equal installments. They vest in one-third increments on March 1, 2027, March 1, 2028, and March 1, 2029, spreading the compensation over three future years.