Par Pacific (PARR) CEO exercises options and sells 108,948 shares in open market
Rhea-AI Filing Summary
Par Pacific Holdings, Inc. President and CEO William Monteleone reported option exercises and share sales in company stock. On March 16, 2026, he exercised stock options for 48,657 and 60,291 shares of common stock at exercise prices of $19.73 and $16.52 per share.
The filing shows related open-market sales of 40,000 shares at $54.85, 8,657 shares at $53.73, and 60,291 shares at $53.58 per share. Following these transactions, he directly owned 457,167 shares of common stock.
Positive
- None.
Negative
- None.
Insights
CEO exercised options and sold equivalent shares in a routine liquidity move.
The transactions combine option exercises and open-market sales. William Monteleone exercised options for 108,948 shares at exercise prices of $19.73 and $16.52, then sold matching share amounts in three blocks at prices above $53.00 per share.
This is a classic exercise-and-sell pattern: derivative positions are converted into common stock and then sold, effectively monetizing option value rather than increasing long-term share exposure. After these trades, he held 457,167 shares directly, indicating a substantial remaining equity stake.
The filing does not reference a Rule 10b5-1 trading plan, so the timing appears discretionary based on the provided data. Future company filings may give additional context around ongoing equity compensation and any further insider transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock option (right to buy) | 48,657 | $0.00 | -- |
| Exercise | Stock option (right to buy) | 60,291 | $0.00 | -- |
| Exercise | Common stock | 48,657 | $19.73 | $960K |
| Sale | Common stock | 40,000 | $54.85 | $2.19M |
| Sale | Common stock | 8,657 | $53.73 | $465K |
| Exercise | Common stock | 60,291 | $16.52 | $996K |
| Sale | Common stock | 60,291 | $53.58 | $3.23M |
Footnotes (1)
- The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $54.80 to $54.90, inclusive. The reporting person undertakes to provide to Par Pacific Holdings, Inc. or the staff of the Securities and Exhchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $53.67 to $54.20, inclusive. The reporting person undertakes to provide to Par Pacific Holdings, Inc. or the staff of the Securities and Exhchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $53.07 to $53.90, inclusive. The reporting person undertakes to provide to Par Pacific Holdings, Inc. or the staff of the Securities and Exhchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The option vests in four equal annual installments beginning on February 21, 2021. The option vests in four equal annual installments beginning on February 19, 2022.