Martinez Patricia 4

What Happened
Patricia Martinez, a director of PAR PACIFIC HOLDINGS, INC. (PARR), received a grant of 470 restricted stock units (RSUs) on July 5, 2026. The Form 4 reports the award at $0.00 per unit (typical for RSU grants); these are derivative awards that represent the right to receive common shares in the future, not an immediate cash purchase or sale.

Key Details

• Transaction date: 2026-07-05 (reported on Form 4 filed 2026-07-07). Filing appears timely (within the usual two-business-day window).
• Transaction type/code: Award/Grant (A) — 470 restricted stock units (RSUs) granted.
• Reported price: $0.00 per unit (RSUs are typically granted without cash payment).
• Vesting/settlement: The RSUs vest in full on July 5, 2027; vested shares will be delivered to Ms. Martinez following termination of service (per footnotes).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 = each RSU converts to one common share when settled; F2 = full vesting on 7/5/2027 with delivery after service termination.

Context: This is a compensation award (derivative grant) rather than an open-market purchase or sale. Such grants are routine for directors and executives as part of pay packages and do not necessarily signal short-term trading intent. Because settlement is contingent on vesting and will occur after termination of service, these units are not immediately transferable or liquid.