Par Pacific (NYSE: PARR) CEO gets stock grant and tax-share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Par Pacific Holdings President and CEO William Monteleone reported two equity-related transactions in common stock. On February 20, he acquired 28,772 shares through a restricted stock grant at $42.75 per share; one third of these shares will vest on March 1 after each of the first three anniversaries of the grant date. On February 21, 6,851 shares were disposed of through a tax-withholding transaction at $42.75 per share tied to the vesting of restricted stock, rather than an open-market sale. Following these transactions, he directly held 442,756 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Monteleone William
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock | 6,851 | $42.75 | $293K |
| Grant/Award | Common stock | 28,772 | $42.75 | $1.23M |
Holdings After Transaction:
Common stock — 442,756 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) CEO William Monteleone report?
William Monteleone reported receiving a 28,772-share restricted stock grant on February 20 at $42.75 per share and a 6,851-share tax-withholding disposition on February 21, also at $42.75 per share, related to restricted stock vesting.
Was the Par Pacific (PARR) CEO’s Form 4 transaction an open-market stock sale?
The Form 4 shows no open-market sale by the CEO. The 6,851 shares disposed on February 21 were withheld by the issuer to cover tax liabilities arising from restricted stock vesting, not sold into the market.
How do the Par Pacific (PARR) restricted stock awards to the CEO vest?
The 28,772 restricted shares granted to the CEO vest in three equal installments. According to the disclosure, one third vests on March 1 after each of the first, second, and third anniversaries of the grant date.
What does transaction code F mean in the Par Pacific (PARR) CEO Form 4?
Transaction code F indicates a tax-withholding disposition. In this case, 6,851 shares of Par Pacific common stock were withheld by the issuer to pay withholding tax liability triggered when restricted stock vested for the CEO.
What does transaction code A represent in the Par Pacific (PARR) CEO filing?
Transaction code A reflects a grant, award, or other acquisition of securities. For Par Pacific, it corresponds to the CEO’s 28,772-share restricted stock grant on February 20, recorded at $42.75 per share, increasing his direct holdings.