Insider Activity Spotlight: Par Pacific Holdings Inc.
Current Deal – A Mix of Vesting and Tax‑Withholding On February 16, 2026, senior executive Shawn David Flores executed a complex series of trades. He sold 1,195 shares that were withheld to satisfy withholding‑tax obligations on recently vested restricted shares, and later sold an additional 5,012 shares of the same class. Conversely, he purchased 13,202 shares tied to the vesting of 8,409 performance‑share‑unit awards granted in February 2023. These transactions net out to a modest net purchase of roughly 7,000 shares, indicating that Flores is taking a small position while ensuring tax compliance on performance‑share awards. The timing—immediately after the company’s fourth‑quarter earnings—suggests a desire to lock in a price that reflects the firm’s robust results and a stable 9× P/E ratio.
Implications for Investors Flores’ activity, together with the broader insider landscape, signals a cautious yet confident outlook. The total volume of insider transactions on that day reached over 200,000 shares, with key executives—such as EVP Richard Creamer and CEO William Monteleone—simultaneously buying and selling sizable blocks. This duality often reflects routine portfolio rebalancing rather than a bearish signal. For investors, the key takeaway is that top management maintains significant ownership stakes (Flores owns ~47 % of the shares after the 2026 filing), which aligns management’s interests with shareholders. The slight net purchase by Flores reinforces confidence in the company’s long‑term prospects, especially as the firm continues to capitalize on a recovering refining market and a stable cash‑flow profile.
Flores Shawn David – A Profile of Stability and Performance Focus Flores has been a fixture in Par Pacific’s finance leadership since 2025, holding titles from Senior Vice President, CFO to the current “See Remarks” designation. His historic trade pattern reveals a preference for buying during periods of earnings optimism and selling when market volatility spikes. Notably, in September 2025 he sold 8,062 shares after a dip to a 52‑week low, yet returned in February 2026 with a sizable purchase linked to performance‑share vesting. This pattern underscores a long‑term investment philosophy: he uses performance awards to align his holdings with the company’s success, while occasionally liquidating to manage tax exposure or diversify.
Strategic Context for Par Pacific With a market cap of $2.05 billion and a price that has risen 148 % year‑to‑date, Par Pacific remains a solid mid‑cap player in the refining sector. The firm’s Q4 2025 results, posted on February 24, showed revenue and earnings that met or exceeded consensus, supporting a 9× P/E multiple that is attractive in a high‑inflation environment. The company’s focus on refining, marketing, and distribution across the U.S. and Canada provides a resilient revenue base, even as global fuel demand fluctuates. The insider activity, including the recent 4/A filing, signals that executives are not only safeguarding their positions but also subtly endorsing the company’s strategy.
Bottom Line for Market Participants The 4/A filing from February 16, 2026, paints a picture of an executive who is balancing tax compliance with a modest net purchase, reflecting confidence in Par Pacific’s trajectory. The broader insider trading snapshot—simultaneous buys and sells across top executives—suggests routine portfolio management rather than panic selling. For investors, the key signals are continued ownership stakes by senior management, a steady earnings profile, and a company positioned to benefit from a recovering refining market. These factors collectively point to a cautiously optimistic outlook for Par Pacific Holdings Inc., with insider confidence serving as a positive barometer for long‑term performance.
| Date | Owner | Transaction Type | Shares | Price per Share | Security |
|---|---|---|---|---|---|
| 2026-02-16 | Flores Shawn David (See Remarks) | Sell | 1,195.00 | 42.86 | Common Stock |
| 2026-02-16 | Flores Shawn David (See Remarks) | Buy | 13,202.00 | 42.86 | Common Stock |
| 2026-02-16 | Flores Shawn David (See Remarks) | Sell | 5,012.00 | 42.86 | Common Stock |
| 2026-02-18 | Hollis Jeffrey Ryan (See Remarks) | Sell | 723.00 | 42.23 | Common stock |
| 2026-02-18 | Flores Shawn David (See Remarks) | Sell | 626.00 | 42.23 | Common Stock |
| 2026-02-20 | Hollis Jeffrey Ryan (See Remarks) | Buy | 7,632.00 | 42.75 | Common stock |
| 2026-02-21 | Hollis Jeffrey Ryan (See Remarks) | Sell | 2,469.00 | 42.75 | Common stock |
| 2026-02-20 | Creamer Richard (EVP - Refining and Logistics) | Buy | 10,947.00 | 42.75 | Common stock |
| 2026-02-21 | Creamer Richard (EVP - Refining and Logistics) | Sell | 2,079.00 | 42.75 | Common stock |
| 2026-02-20 | Flores Shawn David (See Remarks) | Buy | 9,789.00 | 42.75 | Common stock |
| 2026-02-21 | Flores Shawn David (See Remarks) | Sell | 2,879.00 | 42.75 | Common stock |
| 2026-02-20 | Mattiussi Danielle (See Remarks) | Buy | 6,140.00 | 42.75 | Common stock |
| 2026-02-21 | Mattiussi Danielle (See Remarks) | Sell | 1,426.00 | 42.75 | Common stock |
| 2026-02-23 | Hollis Jeffrey Ryan (See Remarks) | Sell | 654.00 | 40.71 | Common stock |
| 2026-02-23 | Monteleone William (President and CEO) | Sell | 2,921.00 | 40.71 | Common stock |
| 2026-02-23 | Flores Shawn David (See Remarks) | Sell | 796.00 | 40.71 | Common stock |
| 2026-02-23 | Guerra Ivan Daniel (Chief Accounting Officer) | Sell | 637.00 | 40.71 | Common stock |
| 2026-02-23 | Mattiussi Danielle (See Remarks) | Sell | 640.00 | 40.71 | Common stock |
