Par Pacific (NYSE: PARR) EVP has 1,690 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PAR PACIFIC HOLDINGS, INC. Executive Vice President for Refining and Logistics Richard Creamer reported a tax-related share disposition. On the vesting of restricted shares of common stock, 1,690 shares of common stock were withheld by the company to cover withholding tax liability.
These shares were not sold in the open market but used to satisfy taxes tied to equity compensation. After this withholding, Creamer directly holds 56,779 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 |
|---|---|---|---|---|
| Tax Withholding | Common stock | 1,690 | $64.19 | $108K |
Holdings After Transaction:
Common stock — 56,779 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 1,690 shares
Withholding reference price: $64.19 per share
Shares owned after transaction: 56,779 shares
3 metrics
Shares withheld for taxes
1,690 shares
Common stock withheld to cover tax liability on vesting
Withholding reference price
$64.19 per share
Price per share used for the 1,690-share tax withholding
Shares owned after transaction
56,779 shares
Direct common stock holdings after tax-withholding disposition
Key Terms
restricted shares of common stock, withholding tax liability, tax-withholding disposition
3 terms
withholding tax liability financial
"for payment of withholding tax liability incurred upon the vesting"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Par Pacific (PARR) executive Richard Creamer report?
Richard Creamer reported a tax-related share disposition. The company withheld 1,690 shares of Par Pacific common stock to cover withholding taxes triggered by the vesting of restricted stock, rather than executing an open-market sale of those shares.
What does a tax-withholding disposition mean in Richard Creamer’s Par Pacific (PARR) Form 4?
A tax-withholding disposition means shares are retained by the company to cover taxes due on equity awards. For Richard Creamer, 1,690 Par Pacific shares were withheld when restricted stock vested, settling his withholding tax without a separate cash payment.