Monteleone William 4

What Happened
William Monteleone, President & CEO and a director of Par Pacific Holdings (PARR), exercised stock options to acquire a total of 108,948 shares on March 16, 2026 and then sold those same 108,948 shares in open-market transactions the same day. He paid roughly $1.96M to exercise the options (48,657 shares @ $19.73 = $960,003; 60,291 shares @ $16.52 = $996,007) and received approximately $5.89M in proceeds from sales (40,000 @ $54.85 = $2,194,000; 8,657 @ $53.73 = $465,141; 60,291 @ $53.58 = $3,230,392). The filing also shows corresponding zero-dollar derivative conversion entries related to the exercises (administrative reporting).

Key Details

• Transaction date: March 16, 2026 (Form filed 2026-03-17).
• Exercises (code M): 48,657 shares at $19.73 ($960,003) and 60,291 shares at $16.52 ($996,007).
• Sales (code S): total 108,948 shares for total proceeds ≈ $5,889,533 (weighted-average prices; see footnotes for ranges).
• Sale price ranges per footnotes: $53.07–$53.90, $53.67–$54.20, and $54.80–$54.90 (weighted averages reported). The filer can provide the breakdown by price if requested.
• Vesting notes: options vest in four equal annual installments beginning Feb 21, 2021 and Feb 19, 2022 for the respective grants (footnotes F4, F5).
• Shares owned after the transactions: not reported in the supplied summary of this filing.
• Filing timing: reported on 2026-03-17 for transactions on 2026-03-16 (no late-filing flag shown here).

Context

• This pattern—exercise of options followed by same-day sale—is commonly a cashless exercise where the insider converts options to shares and immediately sells (realizing net cash after paying exercise cost and any tax withholding).
• Sales do not, by themselves, indicate management sentiment; they can be for tax obligations, diversification, or liquidity. Purchases are typically a stronger bullish signal; here the net effect was large proceeds from sales after exercising vested options.