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PAR Technology (PAR) SVP awarded 26,517 RSUs, holdings corrected

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

Rhea-AI Filing Summary

PAR Technology Corp senior vice president of finance and transformation Michael Anthony Steenberge received a grant of 26,517 restricted stock units of common stock, awarded at no cash cost to him. These RSUs vest in three equal installments on March 1, 2027, 2028, and 2029. Following the award and a 270-share correction to previously understated beneficial ownership, his directly held common stock reported in this filing totals 52,374 shares, with the correction described as involving no acquisition or disposition of securities.

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Negative

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Insider STEENBERGE MICHAEL ANTHONY
Role SVP Finance & Transformation
Type Security Shares Price Value
Grant/Award Common Stock 26,517 $0.00 --
Holdings After Transaction: Common Stock — 52,374 shares (Direct, null)
Footnotes (1)
  1. Grant of restricted stock units that vest in 1/3 increments on March 1, 2027, 2028, and 2029. This Form 4 reflects corrected beneficial ownership amounts in Table I, Column 5, which were previously understated by 270 shares due to a scrivener's error in the Reporting Person's Form 4 filed on March 5, 2026. No acquisition or disposition of securities occurred in connection with this correction.
RSU grant size 26,517 restricted stock units Grant of PAR common stock units to SVP on May 11, 2026
Grant price per share $0.0000 per share Stated transaction price for RSU award
Shares owned after filing 52,374 shares Total directly held PAR common stock after award and correction
Ownership correction amount 270 shares Previously understated beneficial ownership corrected with no trade
First vesting date March 1, 2027 First one-third of RSUs vest
Second vesting date March 1, 2028 Second one-third of RSUs vest
Final vesting date March 1, 2029 Final one-third of RSUs vest
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.
beneficial ownership financial
"This Form 4 reflects corrected beneficial ownership amounts in Table I, Column 5, which were previously understated by 270 shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
scrivener's error regulatory
"previously understated by 270 shares due to a scrivener's error in the Reporting Person's Form 4 filed on March 5, 2026."
Form 4 regulatory
"This Form 4 reflects corrected beneficial ownership amounts in Table I, Column 5"
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""
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*
STEENBERGE MICHAEL ANTHONY
(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)
SVP Finance & Transformation
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 Stock05/11/2026A26,517(1)A$052,374(2)D
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.
2. This Form 4 reflects corrected beneficial ownership amounts in Table I, Column 5, which were previously understated by 270 shares due to a scrivener's error in the Reporting Person's Form 4 filed on March 5, 2026. No acquisition or disposition of securities occurred in connection with this correction.
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) executive Michael Steenberge report in this Form 4 filing?

Michael Steenberge reported an equity grant and an ownership correction. He was awarded 26,517 restricted stock units and his directly held common stock position is now 52,374 shares after correcting a 270-share understatement with no related trade.

How many PAR (PAR) shares or units did Michael Steenberge receive?

He received 26,517 restricted stock units of PAR common stock. These units were granted as equity compensation at a stated price of $0.0000 per share, reflecting a non-cash award rather than an open-market purchase.

What is the vesting schedule for Michael Steenberge’s new PAR restricted stock units?

The 26,517 PAR restricted stock units vest over three years. They vest in one-third increments on March 1, 2027, March 1, 2028, and March 1, 2029, aligning the award with multi-year service and performance horizons.

What is Michael Steenberge’s PAR share ownership after this Form 4?

His directly held PAR common stock totals 52,374 shares after this filing. This figure reflects both the new restricted stock unit grant and a 270-share correction to previously understated beneficial ownership, which involved no actual acquisition or disposition.

Did the correction in Michael Steenberge’s PAR ownership involve any share trading?

No trading occurred for the 270-share correction. The filing explains that prior beneficial ownership was understated by 270 shares due to a scrivener’s error, and that no acquisition or disposition of securities took place to effect this correction.

Is Michael Steenberge’s PAR Form 4 transaction a market buy or sell?

The reported transaction is a grant, not a market trade. The Form 4 classifies it as a grant or award acquisition of 26,517 restricted stock units at a transaction price of $0.0000 per share, with no open-market buying or selling activity disclosed.