Par Pacific (NYSE: PARR) officer reports stock grant and tax withholding
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Par Pacific Holdings, Inc. officer Hollis Jeffrey Ryan reported updated equity activity. On February 20, he acquired 7,632 shares of common stock at $42.75 per share as a grant of restricted stock. According to the footnotes, one third of these shares will vest on March 1 after each of the first, second, and third anniversaries of the grant date.
On February 21, 2,469 shares of common stock, valued at $42.75 per share, were disposed of in a tax-withholding transaction to cover withholding tax liability upon the vesting of restricted shares. After these transactions, Ryan directly owned 35,773 shares of Par Pacific common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hollis Jeffrey Ryan
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock | 2,469 | $42.75 | $106K |
| Grant/Award | Common stock | 7,632 | $42.75 | $326K |
Holdings After Transaction:
Common stock — 35,773 shares (Direct)
Footnotes (1)
- Represents a grant of shares of restricted stock received by the reporting person. One third of the shares will vest on March 1st after each of the first, second, and third anniversaries of the grant date. 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.
FAQ
What insider transactions did Par Pacific (PARR) report for Hollis Jeffrey Ryan?
Par Pacific reported a restricted stock grant of 7,632 common shares to officer Hollis Jeffrey Ryan and a related tax-withholding disposition of 2,469 shares, both at $42.75 per share, leaving him with 35,773 directly owned shares.
Was the Par Pacific (PARR) insider transaction an open-market sale or a tax withholding?
The disposition reported was for tax withholding, not an open-market sale. Par Pacific withheld 2,469 common shares to cover tax liability triggered by vesting of restricted stock previously granted to officer Hollis Jeffrey Ryan.
What is the vesting schedule for Hollis Jeffrey Ryan’s Par Pacific (PARR) restricted stock?
The 7,632 restricted shares granted to Hollis Jeffrey Ryan vest in three equal installments. One third vests on March 1 after each of the first, second, and third anniversaries of the grant date, creating a multi-year retention structure.