The insider sales are too small relative to PARR's $4.0B market cap to warrant a bearish read. Monitor the next 8-K or earnings release for any operational update, but this cluster alone does not signal material adverse news. The broader 30-day pattern of $9.7M in insider sales is consistent with routine diversification and tax planning, not a coordinated bearish signal.
Price Chart
Executive Summary
Three Par Pacific insiders — a director, another director, and the chief accounting officer — sold a combined $2.33M in open-market shares over a 4-day window. Director William Pate accounted for ~73% of the total value ($1.70M). The cluster is 100% sales with zero insider buying, and the total dollar amount represents ~0.06% of the company's $4.0B market cap, falling below the 0.1% materiality threshold. While the cluster is directionally bearish, the absolute size is trivial relative to market cap, and the sales lack the proportionality to signal material non-public information.
Key Financial Metrics
Key Facts
- Three insiders sold a total of ~$2.33M in open-market shares over Aug 14-18, 2026.
- Director William Pate sold ~$1.70M (73% of total); Director Timothy Clossey sold ~$450K; CAO Ivan Guerra sold ~$176K.
- Total cluster value of $2.33M represents ~0.06% of PARR's $4.0B market cap — below the 0.1% materiality threshold.
- No insider buying occurred during the cluster window; all transactions were open-market sales (code S).
- The cluster follows a broader 30-day pattern of 9 insider sells totaling $9.7M, suggesting routine portfolio rebalancing rather than a concentrated bearish signal.
Financial Impact
Total insider sales of ~$2.33M, representing ~0.06% of market cap — immaterial relative to company size.
Risk Factors
- Insider selling could accelerate if oil prices decline or if PARR's refining margins compress.
- The company's 85% analyst bullish consensus may create downside risk if Q3 results disappoint.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PARR-1787196664964 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 28, 2026 28d ago | Press Release | $77.97 $87.52 | ▲ +12.25% | ▲ +11.04% | $83.17 (+6.67%) |
Sep 15, 2026 5w ago | Insider Cluster | $84.90 $76.97 | ▼ −9.34% | ▼ −11.17% | $83.17 (−2.04%) |
Sep 11, 2026 6w ago | Insider Cluster | $81.70 $82.00 | ▼ −0.37% | ▼ −0.26% | $83.17 (−1.80%) |
Aug 26, 2026 8w ago | Institutional Cluster | $75.77 $80.16 | ▲ +5.79% | ▲ +5.91% | $83.17 (+9.77%) |
Aug 25, 2026 8w ago | Press Release | $75.77 $80.16 | ▲ +5.79% | ▲ +5.91% | $83.17 (+9.77%) |
Aug 19, 2026 9w ago | Insider Cluster | $72.45 $77.04 | ▲ +6.34% | ▲ +5.22% | $83.17 (+14.80%) |
Aug 18, 2026 9w ago | Insider Cluster | $77.13 $75.77 | ▼ −1.76% | ▼ −1.38% | $83.17 (+7.83%) |
Aug 11, 2026 10w ago | Insider Cluster | $75.47 $80.51 | ▼ −6.68% | ▼ −7.08% | $83.17 (−10.20%) |
Aug 4, 2026 11w ago | Press Release | $69.92 $77.78 | ▲ +11.24% | ▲ +10.89% | $83.17 (+18.95%) |
May 11, 2026 24w ago | Press Release | $63.08 $58.79 | ▼ −6.80% | ▼ −6.88% | $83.17 (+31.85%) |
US Market Status
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