Tax withholding trims Par Pacific (NYSE: PARR) insider share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Par Pacific Holdings officer Danielle Mattiussi reported a routine tax-related share disposition. On this Form 4, 483 shares of common stock were withheld by the company at $42.86 per share to cover withholding taxes triggered by the vesting of restricted stock.
After this tax-withholding disposition, Mattiussi directly holds 22,409 shares of Par Pacific common stock. This was not an open-market sale, but an automatic share withholding to satisfy tax obligations associated with equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mattiussi Danielle
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 483 | $42.86 | $21K |
Holdings After Transaction:
Common Stock — 22,409 shares (Direct)
Footnotes (1)
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FAQ
What did Par Pacific (PARR) officer Danielle Mattiussi report on this Form 4?
Danielle Mattiussi reported a tax-withholding disposition of 483 Par Pacific common shares. The shares were withheld by the company at $42.86 each to cover taxes due when restricted stock vested, rather than being sold on the open market.
Was this Form 4 transaction a market sale of PARR stock?
No, this transaction was not a market sale of PARR stock. The 483 shares were withheld by Par Pacific to pay withholding tax on vested restricted stock, as described in the footnote, instead of being sold through a stock exchange.
What triggered the tax-withholding disposition reported for PARR on this Form 4?
The disposition was triggered by the vesting of restricted shares of Par Pacific common stock. When those restricted shares vested, the issuer withheld 483 shares to cover Mattiussi’s withholding tax liability, as explained in the filing’s footnote disclosure.
What does the F transaction code mean in this Par Pacific Form 4?
The F code indicates shares were disposed to pay an exercise price or tax liability. In this case, it reflects 483 PARR shares withheld by the issuer to satisfy withholding taxes owed when restricted stock vested, rather than an ordinary open-market sale.