PAR Technology (NYSE: PAR) director Narinder Singh receives 11,490-share RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Singh Narinder reported acquisition or exercise transactions in this Form 4 filing.
PAR Technology Corp director Narinder Singh received an equity grant as part of his non-employee director annual retainer. On June 8, 2026, he was awarded 11,490 shares of common stock as time-vesting restricted stock units at $0.00 per share, increasing his direct holdings to 27,009 shares.
The RSUs were granted under the Second Amended and Restated PAR Technology Corporation 2015 Equity Incentive Plan. They vest 100% on the earlier of 12 months from the June 8, 2026 grant date or the company’s 2027 annual meeting of shareholders.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Singh Narinder
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,490 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 27,009 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 11,490 shares
Grant price: $0.00 per share
Holdings after grant: 27,009 shares
+3 more
6 metrics
RSU grant size
11,490 shares
Time-vesting RSUs granted on June 8, 2026
Grant price
$0.00 per share
Equity award, not an open-market purchase
Holdings after grant
27,009 shares
Total PAR common shares directly owned after transaction
Grant date
June 8, 2026
RSU award grant date for director retainer
Vesting timing
12 months from June 8, 2026
Alternative trigger for 100% RSU vesting
Alternative vesting date
Company’s 2027 annual meeting
Earlier of this date or 12 months from grant controls vesting
Key Terms
restricted stock units (RSUs), annual retainer, Equity Incentive Plan
3 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.
annual retainer financial
"Equity portion of non-employee Director annual retainer for term commencing May 29, 2026"
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.
FAQ
What did Narinder Singh report in this PAR (PAR) Form 4 filing?
Narinder Singh reported receiving an equity grant of 11,490 PAR common shares as restricted stock units. This award represents the equity portion of his non-employee director annual retainer under the company’s 2015 Equity Incentive Plan and increased his direct holdings to 27,009 shares.
When do Narinder Singh’s newly granted PAR (PAR) RSUs vest?
The RSUs vest 100% on the earlier of 12 months from the June 8, 2026 grant date or the date of PAR’s 2027 annual meeting of shareholders. This single-vesting schedule aligns the director’s compensation with the company’s annual board service cycle.
Under which plan were Narinder Singh’s PAR (PAR) RSUs granted?
The RSUs were granted under the Second Amended and Restated PAR Technology Corporation 2015 Equity Incentive Plan. This plan governs equity-based compensation awards such as time-vesting restricted stock units used to pay part of non-employee directors’ annual retainers in stock.