Codner Elizabeth M 4
Research Summary
AI-generated summary
PAR CHRO Elizabeth Codner Receives 24,307-Share RSU Award
What Happened
- Elizabeth M. Codner, Chief Human Resources Officer of PAR Technology Corp. (PAR), was granted 24,307 restricted stock units (RSUs) on May 11, 2026. The grant is reported as an acquisition (code A) at $0.00 per share (no cash paid at grant).
Key Details
- Transaction date: May 11, 2026; Form 4 filed May 13, 2026 (appears timely — within the typical two-business-day reporting window).
- Grant size and price: 24,307 RSUs acquired, reported at $0.00 (typical for RSU awards).
- Vesting: Footnote F1 — the RSUs vest in three equal installments (1/3 each) on March 1, 2027, March 1, 2028, and March 1, 2029.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Transaction type: Award/grant (compensation), not an open-market purchase or sale.
Context
- RSU grants are a form of compensation tied to continued employment and service; they convert to actual shares only as they vest. Such awards are common for executives and do not by themselves signal a buying or selling decision in the market.