PAR Pacific (PARR) EVP adds 314 shares through Employee Stock Purchase Plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PAR PACIFIC HOLDINGS, INC. executive Richard Creamer, EVP – Refining and Logistics, acquired 314 shares of common stock. The shares were obtained at $47.67 per share under the company’s Employee Stock Purchase Plan in a Rule 16b-3-exempt transaction.
After this plan-related acquisition, Creamer directly holds 57,093 shares of PAR Pacific common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Creamer Richard
Role
EVP - Refining and Logistics
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 314 | $47.67 | $15K |
Holdings After Transaction:
Common stock — 57,093 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 314 shares
Acquisition price: $47.67 per share
Holdings after transaction: 57,093 shares
+2 more
5 metrics
Shares acquired
314 shares
Employee Stock Purchase Plan acquisition
Acquisition price
$47.67 per share
Price for ESPP shares
Holdings after transaction
57,093 shares
Direct common stock ownership after acquisition
Transaction code
A (Grant, award, or other acquisition)
Non-derivative Form 4 transaction classification
ESPP exemption
Rule 16b-3(d) and Rule 16b-3(c)
Plan acquisition exempt from certain short-swing rules
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c), Grant, award, or other acquisition, +1 more
5 terms
Employee Stock Purchase Plan financial
"These shares were acquired under the Company's Employee Stock Purchase Plan in transactions that were exempt"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rule 16b-3(d) regulatory
"transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Rule 16b-3(c) regulatory
"transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Common stock financial
""security_title": "Common stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did PAR Pacific (PARR) report for Richard Creamer?
PAR Pacific reported that EVP Richard Creamer acquired 314 shares of common stock. The shares were obtained through the Employee Stock Purchase Plan at $47.67 per share, increasing his direct holdings to 57,093 shares after the transaction.
Was the PAR Pacific (PARR) insider transaction an open-market buy or a plan acquisition?
The transaction was a plan acquisition, not an open-market purchase. Richard Creamer acquired 314 shares under PAR Pacific’s Employee Stock Purchase Plan in a Rule 16b-3-exempt transaction, categorized as a grant, award, or other acquisition on the Form 4.
What does the Rule 16b-3 exemption mean for the PAR Pacific (PARR) insider transaction?
The Rule 16b-3 exemption means the acquisition occurred under a company compensation or benefit plan. Richard Creamer’s 314-share acquisition through the Employee Stock Purchase Plan qualifies as exempt from certain short-swing profit rules applicable to insiders under Section 16.