Restricted stock grant and tax withholding for PAR PACIFIC (NYSE: PARR) officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PAR PACIFIC HOLDINGS, INC. officer Shawn David Flores reported equity compensation-related transactions in common stock. He received a grant of 9,789 restricted shares at $42.75 per share, which will vest in three equal installments on March 1 following each of the first, second, and third anniversaries of the grant date. In a separate transaction, 2,879 shares were withheld at $42.75 per share to cover tax liabilities upon the vesting of restricted stock, leaving him with 44,178 shares of common stock held directly after the withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Flores Shawn David
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock | 2,879 | $42.75 | $123K |
| Grant/Award | Common stock | 9,789 | $42.75 | $418K |
Holdings After Transaction:
Common stock — 44,178 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 did Shawn David Flores report in this Form 4 for PARR?
Shawn David Flores reported a restricted stock grant and tax-related share withholding. He received 9,789 restricted shares, and 2,879 shares were withheld to cover tax liabilities from vesting, leaving him with 44,178 directly held common shares afterward.
What is the vesting schedule for Shawn David Flores’ restricted PARR stock grant?
The restricted stock vests in three equal installments. One third of the 9,789 granted shares will vest on March 1 after each of the first, second, and third anniversaries of the grant date, assuming the vesting conditions continue to be satisfied.