Par Pacific Holdings Management

Management criteria checks 3/4

Par Pacific Holdings' CEO is Bill Pate, appointed in Oct 2015, has a tenure of 8.58 years. total yearly compensation is $4.43M, comprised of 17.7% salary and 82.3% bonuses, including company stock and options. directly owns 0.86% of the company’s shares, worth €14.76M. The average tenure of the management team and the board of directors is 2.1 years and 9.4 years respectively.

Key information

Bill Pate

Chief executive officer

US$4.4m

Total compensation

CEO salary percentage	17.7%
CEO tenure	8.6yrs
CEO ownership	0.9%
Management average tenure	2.1yrs
Board average tenure	9.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bill Pate's remuneration changed compared to Par Pacific Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$4m	US$783k	US$729m
Sep 30 2023	n/a	n/a	US$524m
Jun 30 2023	n/a	n/a	US$620m
Mar 31 2023	n/a	n/a	US$739m
Dec 31 2022	US$5m	US$728k	US$364m
Sep 30 2022	n/a	n/a	US$288m
Jun 30 2022	n/a	n/a	US$102m
Mar 31 2022	n/a	n/a	-US$156m
Dec 31 2021	US$4m	US$700k	-US$81m
Sep 30 2021	n/a	n/a	-US$221m
Jun 30 2021	n/a	n/a	-US$317m
Mar 31 2021	n/a	n/a	-US$249m
Dec 31 2020	US$2m	US$465k	-US$409m
Sep 30 2020	n/a	n/a	-US$242m
Jun 30 2020	n/a	n/a	-US$311m
Mar 31 2020	n/a	n/a	-US$242m
Dec 31 2019	US$2m	US$600k	US$40m
Sep 30 2019	n/a	n/a	US$19m
Jun 30 2019	n/a	n/a	US$96m
Mar 31 2019	n/a	n/a	US$84m
Dec 31 2018	US$2m	US$592k	US$39m
Sep 30 2018	n/a	n/a	US$44m
Jun 30 2018	n/a	n/a	US$68m
Mar 31 2018	n/a	n/a	US$59m
Dec 31 2017	US$2m	US$560k	US$72m

Compensation vs Market: Bill's total compensation ($USD4.43M) is above average for companies of similar size in the German market ($USD1.61M).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.

CEO

Bill Pate (59 yo)

8.6yrs

Tenure

US$4,433,805

Compensation

Mr. William C. Pate, also known as Bill, JD, served as Director at Jupiter Acquisition Corporation. Since October 2015, Mr. Pate served as President until January 01, 2023 and serves as Chief Executive Off...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William Pate	CEO & Director	8.6yrs	US$4.43m	0.86% $ 14.8m
William Monteleone	President & Director	1.3yrs	US$2.06m	0.60% $ 10.3m
Shawn Flores	Senior VP & CFO	1.3yrs	US$1.27m	0.050% $ 859.1k
Jeffrey Hollis	Senior VP	2.3yrs	US$1.24m	0.022% $ 380.3k
Richard Creamer	Executive Vice President of Refining & Logistics	2.1yrs	US$1.64m	0.082% $ 1.4m
Ivan Guerra	VP, Chief Accounting Officer & Controller	7.3yrs	no data	0.027% $ 467.7k
Ryan Kelley	Senior VP & Chief Information Officer	2.3yrs	no data	no data
Ashimi Patel	Director of Investor Relations	no data	no data	no data
Matthew Legg	Senior VP & Chief Human Resources Officer	2.3yrs	no data	no data
Danielle Mattiussi	Senior VP & Chief Retail Officer	1.3yrs	no data	0.017% $ 297.2k
Terrill Pitkin	Senior Vice President of Planning & Commercial	less than a year	no data	no data
Jonathan Goldsmith	Senior Vice President of Renewables	less than a year	no data	no data

2.1yrs

Average Tenure

41yo

Average Age

Experienced Management: 61P's management team is considered experienced (2.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
William Pate	CEO & Director	9.4yrs	US$4.43m	0.86% $ 14.8m
William Monteleone	President & Director	11.8yrs	US$2.06m	0.60% $ 10.3m
Melvyn Klein	Independent Chairman Emeritus	9.9yrs	US$276.25k	0.096% $ 1.6m
Robert Silberman	Independent Chairman of the Board	9.8yrs	US$313.75k	0.10% $ 1.7m
Anthony Chase	Independent Director	2.8yrs	US$205.00k	0.018% $ 303.9k
Curtis Anastasio	Independent Director	9.9yrs	US$182.50k	0.17% $ 2.8m
Katherine Hatcher	Independent Director	5.3yrs	US$171.25k	0.053% $ 912.2k
Patricia Martinez	Independent Director	less than a year	US$98.75k	0.0051% $ 87.9k
Timothy Clossey	Independent Director	9.9yrs	US$180.63k	0.13% $ 2.3m
Aaron Zell	Independent Director	less than a year	US$98.75k	0.0029% $ 48.8k
Philip Davidson	Independent Director	2.6yrs	US$167.50k	0.0081% $ 138.9k

9.4yrs

Average Tenure

63yo

Average Age

Experienced Board: 61P's board of directors are considered experienced (9.4 years average tenure).

Par Pacific Holdings Management

Management criteria checks 3/4

Key information

Recent management updates

Par Pacific Holdings, Inc., Annual General Meeting, Apr 30, 2024

Par Pacific Holdings, Inc. Announces Chief Executive Officer Changes

Patricia Martinez Joins the Board of Directors of Par Pacific Holdings, Inc

Par Pacific Holdings, Inc. Elects Aaron Zell as Board of Director

Insider recently sold €200k worth of stock

Par Pacific Holdings, Inc. Announces Management Changes

Recent updates

Par Pacific Holdings, Inc. to Report Q1, 2024 Results on May 06, 2024

Par Pacific Holdings, Inc., Annual General Meeting, Apr 30, 2024

New major risk - Revenue and earnings growth

New minor risk - Financial position

Par Pacific Holdings, Inc. Announces Chief Executive Officer Changes

Par Pacific Holdings, Inc. to Report Q4, 2023 Results on Feb 27, 2024

Third quarter 2023 earnings released: EPS: US$2.85 (vs US$4.49 in 3Q 2022)

Par Pacific Holdings, Inc. to Report Q3, 2023 Results on Nov 06, 2023

New minor risk - Financial position

Second quarter 2023 earnings released: EPS: US$0.50 (vs US$2.51 in 2Q 2022)

Par Pacific Holdings, Inc. (NYSE:PARR) announces an Equity Buyback for $250 million worth of its shares.

Investor sentiment improves as stock rises 17%

Par Pacific Holdings, Inc. to Report Q2, 2023 Results on Aug 07, 2023

Par Pacific Holdings, Inc. (NYSE:PARR) completed the acquisition of 63,000 bpd Billings Refinery and Associated Marketing and Logistics Assets from Exxon Mobil Corporation (NYSE:XOM).

Patricia Martinez Joins the Board of Directors of Par Pacific Holdings, Inc

Par Pacific Holdings, Inc. Elects Aaron Zell as Board of Director

First quarter 2023 earnings released: EPS: US$3.96 (vs US$2.31 loss in 1Q 2022)

Now 21% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 17%

Insider recently sold €200k worth of stock

Full year 2022 earnings released: EPS: US$6.12 (vs US$1.40 loss in FY 2021)

Par Pacific Holdings, Inc. to Report Q4, 2022 Results on Feb 22, 2023

Investor sentiment improves as stock rises 16%

Par Pacific Holdings, Inc. Announces Management Changes

Executive Vice President of Retail recently sold €247k worth of stock

VP, General Counsel & Secretary recently sold €52k worth of stock

Third quarter 2022 earnings released: EPS: US$4.49 (vs US$1.38 in 3Q 2021)

Investor sentiment improved over the past week

Par Pacific Holdings, Inc. (NYSE:PARR) signed an definitive agreement to acquire 63,000 bpd Billings Refinery and Associated Marketing and Logistics Assets from Exxon Mobil Corporation (NYSE:XOM) for $310 million.

Par Pacific Holdings, Inc. to Report Q3, 2022 Results on Nov 01, 2022

Investor sentiment improved over the past week

Par Pacific Holdings, Inc. Announces Executive Changes

Second quarter 2022 earnings released: EPS: US$2.51 (vs US$1.84 loss in 2Q 2021)

Par Pacific Holdings, Inc. to Report Q2, 2022 Results on Aug 08, 2022

Insider recently sold €88k worth of stock

Par Pacific Holdings, Inc. Provides Production Guidance Second Quarter 2022

First quarter 2022 earnings released: US$2.31 loss per share (vs US$1.15 loss in 1Q 2021)

Par Pacific Holdings, Inc. Appoints Richard Creamer as Executive Vice President, Refining and Logistics

Par Pacific Holdings, Inc. to Report Q1, 2022 Results on May 04, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Par Pacific Holdings, Inc. to Report Q4, 2021 Results on Feb 23, 2022

President recently bought €411k worth of stock

Independent Chairman Emeritus recently bought €114k worth of stock

Independent Chairman Emeritus recently bought €119k worth of stock

Third quarter 2021 earnings released: EPS US$1.36 (vs US$0.27 loss in 3Q 2020)

Senior VP & Director recently sold €300k worth of stock

Second quarter 2021 earnings released: US$1.84 loss per share (vs US$0.76 loss in 2Q 2020)

Director Anthony Chase has joined 5th company board

Director Anthony Chase has joined 5th company board

Director Anthony Chase has joined 5th company board

Director Anthony Chase has joined 5th company board

Director Anthony Chase has joined 5th company board

Chief Accounting Officer & Controller recently sold €62k worth of stock

First quarter 2021 earnings released: US$1.15 loss per share (vs US$4.18 loss in 1Q 2020)

Par Pacific Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $80 million.

Full year 2020 earnings released: US$7.68 loss per share (vs US$0.80 profit in FY 2019)

Revenue beats expectations

Par Pacific Holdings, Inc. Successfully Closes Sale-Leaseback of 21 Retail Convenience Store Properties located in the State of Hawaii

New 90-day high: €13.40

New 90-day high: €12.10

Par Pacific Holdings, Inc. to Report Q4, 2020 Results on Feb 24, 2021

New 90-day high: €11.80

New 90-day high: €11.50

New 90-day high: €8.30

Revenue beats expectations

Third quarter 2020 earnings released: US$0.27 loss per share

Par Pacific Holdings, Inc. to Report Q3, 2020 Results on Nov 02, 2020

New 90-day low: €5.80

First half earnings released