Zell Aaron 4

What Happened
Aaron Zell, a director of Par Pacific Holdings, was granted 385 restricted stock units (RSUs) on April 5, 2026. The RSUs were awarded at $0.00 (typical for grants) and represent a contingent right to receive one share of common stock per unit. The award will vest in full on April 5, 2027; vested shares will be delivered to Mr. Zell following termination of service.

Key Details

• Transaction date: 2026-04-05 (Filed with SEC: 2026-04-07 — appears timely)
• Transaction type/code: Award/Grant (A); 385 derivative units granted at $0.00
• Footnote: Each RSU equals a contingent right to one share; full vesting on 2027-04-05; delivery deferred until termination of service.
• Shares owned after transaction: Not specified in the provided filing.

Context
This was an equity compensation grant (RSUs), not an open-market purchase or sale. RSU awards are commonly used for retention and long-term alignment; they do not represent immediately tradable shares until vested and delivered. No sale or purchase was reported in this filing, and there is no indication of a 10b5-1 plan or tax-withholding disposition in the provided notes.