PAR Technology (PAR) CEO awarded 206K restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Singh Savneet reported acquisition or exercise transactions in this Form 4 filing.
PAR Technology Corp reported that CEO and President Savneet Singh received a grant of 206,246 shares of common stock as restricted stock units at no cash cost. These units vest in one-third increments on March 1, 2027, March 1, 2028, and March 1, 2029. Following this award, Singh directly holds 444,473 shares of PAR common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Singh Savneet
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 206,246 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 444,473 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 206,246 shares
Post-transaction holdings: 444,473 shares
Grant price per share: $0.00 per share
+3 more
6 metrics
RSU grant size
206,246 shares
Restricted stock units granted to CEO Savneet Singh
Post-transaction holdings
444,473 shares
CEO Savneet Singh direct ownership after grant
Grant price per share
$0.00 per share
Stated transaction price for RSU award
First vesting date
March 1, 2027
One-third of RSUs vest
Second vesting date
March 1, 2028
One-third of RSUs vest
Final vesting date
March 1, 2029
Final third of RSUs vest
Key Terms
restricted stock units, Form 4, transaction code "A", vesting
4 terms
restricted stock units financial
"Grant of restricted stock units that vest in 1/3 increments"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4): {"
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.
transaction code "A" financial
"transaction_code": "A","transaction_type": "non-derivative""
vesting financial
"that vest in 1/3 increments on March 1, 2027, 2028, and 2029."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did PAR CEO Savneet Singh report on this Form 4?
Savneet Singh reported receiving 206,246 restricted stock units of PAR Technology common stock. The award is a stock-based compensation grant at no cash cost, increasing his direct holdings to 444,473 shares after the transaction.
When do Savneet Singh’s new PAR restricted stock units vest?
The 206,246 restricted stock units granted to Savneet Singh vest in three equal installments. One-third vests on March 1, 2027, another third on March 1, 2028, and the final third on March 1, 2029, subject to standard vesting conditions.
Was the PAR Technology CEO’s Form 4 transaction an open-market purchase or a grant?
The Form 4 reports a grant of restricted stock units to PAR Technology’s CEO, not an open-market purchase. The transaction code is “A,” indicating a grant or award acquisition at a stated price of $0.00 per share.
What does the transaction code 'A' mean in Savneet Singh’s PAR Form 4?
The transaction code “A” on Savneet Singh’s Form 4 indicates a grant, award, or other acquisition of securities. In this case, it represents a compensation-related grant of 206,246 restricted stock units of PAR Technology common stock.