Par Pacific (NYSE: PARR) SVP adds 212 ESPP shares, now holds 35,113
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Par Pacific Holdings SVP Terrill Pitkin acquired 212 shares of common stock through the company’s Employee Stock Purchase Plan. The shares were credited at a price of $47.67 per share in a transaction classified as a grant or award acquisition.
After this ESPP purchase, Pitkin directly holds 35,113 shares of Par Pacific common stock. The footnote explains that the transaction was made under the Employee Stock Purchase Plan and was exempt under Rule 16b-3(d) and Rule 16b-3(c), indicating it is a routine, compensation-related acquisition rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pitkin Terrill
Role
SVP, Planning & Commercial
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 212 | $47.67 | $10K |
Holdings After Transaction:
Common stock — 35,113 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 212 shares
Grant price: $47.67 per share
Shares held after transaction: 35,113 shares
3 metrics
Shares acquired
212 shares
Employee Stock Purchase Plan grant on June 30, 2026
Grant price
$47.67 per share
Value used for ESPP acquisition reporting
Shares held after transaction
35,113 shares
Direct common stock holdings following ESPP acquisition
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c), Grant, award, or other acquisition
4 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"
FAQ
What did Par Pacific (PARR) executive Terrill Pitkin do in this Form 4 filing?
Terrill Pitkin acquired 212 shares of Par Pacific common stock through the company’s Employee Stock Purchase Plan. The transaction is reported as a grant or award acquisition, increasing his direct holdings to 35,113 shares of common stock after the ESPP purchase.
What is the significance of Rule 16b-3 in Terrill Pitkin’s Par Pacific (PARR) transaction?
The footnote states the ESPP acquisition is exempt under Rule 16b-3(d) and Rule 16b-3(c). These rules allow certain employee benefit plan transactions, like stock purchase and grants to officers, to avoid short-swing profit restrictions that normally apply to insiders under Section 16 of the Exchange Act.