Par Pacific (NYSE: PARR) CEO gets share grant and withholds stock
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
PAR PACIFIC HOLDINGS, INC. President and CEO William Monteleone reported equity compensation activity in common stock. He received a grant of 28,577 shares at $42.86 per share in connection with the vesting of 18,202 performance share unit awards for the 2023–2025 performance cycle.
The company withheld 1,509 shares and 11,245 shares of common stock to satisfy withholding tax liabilities upon vesting, which are reported as tax-withholding dispositions rather than open-market sales. After these transactions, he directly owned 438,845 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Monteleone William
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock | 1,509 | $42.86 | $65K |
| Grant/Award | Common stock | 28,577 | $42.86 | $1.22M |
| Tax Withholding | Common stock | 11,245 | $42.86 | $482K |
Holdings After Transaction:
Common stock — 421,513 shares (Direct)
Footnotes (1)
- Represents shares of common stock withheld by the Issuer for payment of withholding tax liability incurred upon the vesting of restricted shares of common stock. The shares were granted to the reporting person in connection with the vesting of 18,202 performance share unit awards granted to the reporting person on February 16, 2023, relating to the performance cycle from January 1, 2023, to December 31, 2025.
FAQ
What insider transactions did PARR CEO William Monteleone report on this Form 4/A?
William Monteleone reported one equity grant and two tax-withholding dispositions of PAR Pacific Holdings common stock. He received 28,577 shares as an award at $42.86 per share and had 1,509 and 11,245 shares withheld to cover tax liabilities tied to vested awards.
Was the PARR CEO’s Form 4/A transaction a stock sale in the open market?
No, the dispositions reported were not open-market sales. Shares were withheld by the company to pay withholding tax liabilities triggered by vesting of restricted and performance-based stock awards, a common administrative mechanism rather than a discretionary sale into the market by the executive.