Davidson Phillip S 4

What Happened

• Phillip S. Davidson, a director of Par Pacific Holdings, received 461 shares on July 5, 2026 when restricted stock units (RSUs) were converted/delivered to him (reported value $58.49/share; total ≈ $26,964). On the same date he was also granted 470 new RSUs that vest in full on July 5, 2027.

Key Details

• Transactions reported: 461-share acquisition (code J) at $58.49/share (≈ $26,964); 470-share grant of RSUs (code A) at $0.00 (derivative); conversion/exercise of 461 RSUs to common stock (code M) at $0.00 (derivative).
• Transaction date: July 5, 2026. Filing date: July 7, 2026 — appears to have been filed promptly.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1 — each RSU equals a contingent right to one common share; F2 — the 470 RSUs vest in full on July 5, 2027 and vested shares are delivered following termination of service; F3 — on July 5, 2026, 461 RSUs were delivered as common stock to Davidson.
• Transaction codes explained simply: A = award/grant of RSUs, M = conversion/exercise of a derivative into shares, J = other acquisition (here, delivery of shares).

Context

• This was an acquisition/award scenario (receipt of shares and RSUs), not a sale. The 461 shares reflect conversion/delivery of previously granted RSUs; the new 470 RSUs are time‑based awards that will vest next year and are subject to the company’s delivery terms. These types of insider awards are routine compensation actions and do not by themselves indicate intent to buy or sell additional stock.