PAR Pacific (PARR) director receives 470-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clossey Timothy reported acquisition or exercise transactions in this Form 4 filing.
PAR PACIFIC HOLDINGS, INC. director Timothy Clossey received a grant of 470 shares of common stock as an equity award. The grant is valued at $58.49 per share and increases his direct holdings to 75,932 shares.
The award is structured as restricted stock that will vest in full and be delivered on July 5, 2027, providing long-term, stock-based compensation tied to the company’s future performance over the next several years.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Clossey Timothy
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 470 | $58.49 | $27K |
Holdings After Transaction:
Common stock — 75,932 shares (Direct)
Footnotes (1)
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Key Figures
Restricted stock grant: 470 shares
Grant valuation price: $58.49 per share
Post-grant holdings: 75,932 shares
+1 more
4 metrics
Restricted stock grant
470 shares
Equity award to director on July 5, 2026
Grant valuation price
$58.49 per share
Value used for the restricted stock grant
Post-grant holdings
75,932 shares
Total common shares held directly after the award
Vesting date
July 5, 2027
Restricted stock vests and is delivered on this date
Key Terms
restricted stock, grant, vest, equity award
4 terms
restricted stock financial
"Represents a grant of restricted stock received by the reporting person."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
grant financial
"Represents a grant of restricted stock received by the reporting person."
vest financial
"The shares will vest in full and be delivered on July 5, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
equity award financial
"Represents a grant of restricted stock received by the reporting person."
An equity award is a form of pay where a company gives employees, executives or other stakeholders the right to own or buy company shares—either immediately or after meeting certain conditions. Think of it like receiving slices of the company pie now or coupons to claim slices later; it matters to investors because it affects ownership dilution, executive incentives and reported compensation costs, and signals how management is being rewarded and retained.
FAQ
What insider transaction did PAR Pacific (PARR) report for Timothy Clossey?
PAR Pacific reported that director Timothy Clossey received a grant of 470 shares of common stock as an equity award. This non-market transaction increases his direct holdings and reflects stock-based compensation rather than an open-market purchase or sale of shares.
At what price was Timothy Clossey’s restricted stock grant valued for PAR Pacific (PARR)?
The grant to Timothy Clossey was valued at $58.49 per share for 470 shares of PAR Pacific common stock. This valuation reflects the grant price used to determine the size of the equity award reported in the Form 4 insider filing.
Was Timothy Clossey’s PAR Pacific (PARR) transaction an open-market buy or sell?
The transaction was not an open-market buy or sell. It was coded as an “A” transaction, representing a grant or award acquisition of 470 restricted shares, meaning the shares were received as compensation rather than purchased or sold on the open market.