Clossey Timothy 4
Research Summary
AI-generated summary
Par Pacific (PARR) Director Timothy Clossey Sells Shares
What Happened
Timothy Clossey, a director of Par Pacific Holdings, sold 6,103 shares on March 13, 2026. The weighted-average sale price reported was $54.06 per share (range $54.01–$54.09), for total proceeds of approximately $329,928. This was a sale (not a purchase or option exercise) and is commonly a routine insider sale rather than a direct indication of company fundamentals.
Key Details
- Transaction date: 2026-03-13 (Form 4 filed 2026-03-17). The filing date is four days after the trade; Form 4s are generally due within two business days, so this filing appears later than typical.
- Price: Weighted average $54.06; reported range $54.01–$54.09 (per footnote F1). The reporting person offered to provide a breakdown of how many shares sold at each price upon request.
- Shares sold: 6,103 shares; proceeds ≈ $329,928.
- Shares owned after transaction: Not specified in the information provided in this summary (check the full Form 4 for post-transaction ownership).
- Footnote: F1 states the price is a weighted average and that the shares were sold in multiple transactions at prices within the stated range; additional per-price detail is available on request.
- Transaction type code: S = Sale (open market/private sale).
Context
Sales by directors can be routine (diversification, personal liquidity, tax planning) and do not necessarily reflect a view on company performance. No options were exercised and no awards or gifts are reported in this filing. If you want the exact per-trade breakdown or the insider’s holding after the sale, consult the full SEC Form 4 (Accession 0001437749-26-008618).