Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-04

Par Pacific Holdings (PARR)

CEO William Monteleone was paid $4,414,054 in fiscal year 2025, the 15th percentile of its disclosed peer group (SEC filing 0001437749-26-009219 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$4,414,054
William Monteleone total, FY2025
15th
CEO pay percentile vs peers
—
CEO-to-median pay ratio
98.87%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- William Monteleone (President and Chief Executive Officer), FY2025 total compensation $4,414,054 (base salary $806,731) [exec_comp, SEC accession 0001437749-26-009219, filed 2026-03-20]

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PARR's next annual pay disclosure, estimated March 20, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
William Monteleone$806,731$0$2,249,998$0$1,336,325$0$21,000$4,414,054
President and Chief Executive Officer
Richard Creamer516,1540799,9940556,468021,0001,893,616
Executive Vice President, Refining and Logistics
Shawn Flores457,3080722,4880602,117021,0001,802,913
Senior Vice President, Chief Financial Officer
Jeffrey Hollis432,1150588,0000463,870021,0001,504,985
Senior Vice President, General Counsel, and Secretary
Terrill Pitkin370,1920558,6020393,455021,0001,343,249
Senior Vice President, Commercial & Planning

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
William Monteleone$4,414,054———
Richard Creamer1,893,616———
Shawn Flores1,802,913———
Jeffrey Hollis1,504,985———
Terrill Pitkin1,343,249———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against PARR
4 companies name PARR as a compensation peer

Each company listed discloses PARR in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named PARR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
William MonteleoneRSU2025-02-21——72,023—$1,124,999
Shawn FloresRSU2025-02-21——23,127—361,244
Richard CreamerRSU2025-02-21——25,608—399,997
Jeffrey HollisRSU2025-02-21——18,822—294,000
Terrill PitkinRSU2025-02-21——17,881—279,301
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
William Monteleone$1,124,999$0$00.0%
Shawn Flores361,244000.0%
Richard Creamer399,997000.0%
Jeffrey Hollis294,000000.0%
Terrill Pitkin279,301000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Richard CreamerRSU25,608—$899,865
Shawn FloresRSU23,127—812,683
William MonteleonePSU18,202—639,618
Shawn FloresPSU18,822—661,405
William MonteleoneRSU72,023—2,530,888
William MonteleonePSU25,608—899,865
William MonteleoneRSU23,992—843,079
Richard CreamerPSU23,127—812,683
Jeffrey HollisRSU18,822—661,405
Terrill PitkinPSU17,881—628,338
Terrill PitkinRSU17,881—628,338
William MonteleonePSU15,989—561,853
Richard CreamerPSU10,703—376,103
Richard CreamerPSU8,443—296,687
Shawn FloresPSU8,409—295,492
Jeffrey HollisPSU8,282—291,029
Shawn FloresPSU6,396—224,755
William MonteleoneRSU6,067—213,194
Richard CreamerRSU5,629—197,803
Terrill PitkinPSU5,615—197,311
Jeffrey HollisPSU4,989—175,313
Richard CreamerRSU4,296—150,961
Shawn FloresRSU4,264—149,837
Terrill PitkinRSU3,743—131,529
Richard CreamerRSU3,567—125,344
Jeffrey HollisRSU3,326—116,876
Shawn FloresRSU2,803—98,497
William MonteleoneRSU2,784—97,830
Jeffrey HollisRSU2,760—96,986
Jeffrey HollisRSU1,845—64,833
Terrill PitkinRSU1,845—64,833
Shawn FloresRSU1,677—58,930
Terrill PitkinRSU1,427—50,145
William MonteleoneOption350,00030.8—
William MonteleoneOption16,70114.91—
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation philosophy is to provide competitive compensation packages that attract, retain, and motivate talented executives while aligning the interests of management with those of stockholders. It emphasizes a 'pay-for-performance' approach where a significant portion of compensation is at risk and directly related to performance metrics reflecting alignment with stockholder value creation, while incorporating structural limits to prevent excessive risk-taking.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-3037,805,222432,542156,97598.87%Passed
20232023-05-0245,891,211456,6169,48598.99%Passed
20202020-05-0542,492,458331,0283,76699.22%Passed
20182018-05-0840,148,760317,37611,57999.19%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-04-3098.87%a
20232023-05-0298.99%b
20202020-05-0599.22%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “As a result, abstentions will have the same practical effect as votes against this proposal.”.

c. Approved under the standard stated in the filing — “As a result, abstentions will have the same practical effect as votes against this proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
William PateIndependent$2,228,737$100,000——$100,000$2,328,737
Robert SilbermanIndependent · Board Chair208,750160,000——160,000368,750
Curtis AnastasioIndependent · Audit (Chair)110,000100,000——100,000210,000
Katherine HatcherIndependent · Nominating and Corporate Governance105,000100,000——100,000205,000
Timothy ClosseyIndependent · Operations and Technology (Chair)105,000100,000——100,000205,000
Patricia MartinezIndependent · Nominating and Corporate Governance (Chair) · Operations and Technology97,500100,000———197,500
Eric YeamanIndependent · Audit97,500100,000———197,500
Philip DavidsonIndependent · Nominating and Corporate Governance · Operations and Technology97,500100,000———197,500
Aaron ZellIndependent · Audit97,500100,000———197,500
Melvyn KleinIndependent · Not standing for re-election · Departed during FY38,75091,074———129,824
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$100,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)7,500 / 15,000 / 15,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$3,186,237
Equity awards (grant-date value)$1,051,074
All other compensation$560,000
Total cost of the board$4,797,311

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Par Pacific Holdings names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Par Pacific Holdings.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Global Partners LP2025Cameron Bready$1,050,000$12,129,964$4,002,022$2,903,553$20,307,392
2HF Sinclair Corporation2025Timothy Go1,204,6159,977,38202,668,96814,278,553
3Murphy USA Inc.2025R. Andrew Clyde1,365,0016,386,0721,879,6541,584,76611,762,101
4Cabot Corporation2025Sean Keohane1,100,0004,224,8472,274,9251,402,5019,307,883
5H.B. Fuller Company2025Celeste Mastin1,082,6922,971,9763,025,5381,339,8918,830,569
6CVR Energy, Inc.2025David Lamp1,200,0001,678,68302,034,0008,602,449
7PBF Energy Inc.2025Matthew Lucey1,250,0005,767,000007,887,020
8Delek U.S. Holdings, Inc.2025Avigal Soreq900,0004,832,19501,895,5447,683,786
9Calumet, Inc.2025Todd Borgmann950,0004,455,02901,287,5936,799,276
10Koppers Holdings Inc.2025Leroy Ball975,0005,145,824006,358,244
11Arko Corp.2025Arie Kotler1,216,5752,995,62001,267,6875,494,095
12Par Pacific Holdings2025William Monteleone806,7312,249,99801,336,3254,414,054
13Green Plains Inc.2025Chris Osowski476,8082,234,9980686,0003,497,755
14World Kinect Corporation2025Ira Birns700,0002,250,0380371,7473,359,625

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Par Pacific Holdingsnot disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
Arko Corp.67.5%%RSU 50 · PSU 50NoMercer (US)
Cabot Corporation90%not disclosedNoMeridian Compensation Partners
Calumet, Inc.not disclosednot disclosednot disclosednot disclosed
CVR Energy, Inc.113%RSU 100not disclosedNone (not engaged in 2025)
Delek U.S. Holdings, Inc.not disclosedRSU 50 · PSU 50not disclosedPay Governance LLC
Global Partners LP138.3%PSU 50 · Options 25 · RSU 25Yes — Relative TSRFW Cook
Green Plains Inc.98%PSU 50 · RSA 50NoPay Governance
H.B. Fuller Companynot disclosednot disclosednot disclosedWillis Towers Watson US LLC
HF Sinclair Corporation151.8%not disclosedNoMeridian Compensation Partners, LLC
Koppers Holdings Inc.not disclosednot disclosednot disclosedMeridian
Murphy USA Inc.not disclosedPSU 50 · Option 25 · RSU 25not disclosedMercer (US) LLC
PBF Energy Inc.not disclosedRestricted Stock 40 · Performance Share Units 30 · Performance Units 30Yes — Relative TSRPay Governance LLC
World Kinect Corporationnot disclosedPRSU 60 · RSU 40not disclosedCompensation Strategies, Inc.

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Par Pacific Holdings in fiscal 2025?
As disclosed, William Monteleone (President and Chief Executive Officer) was the highest-paid executive at Par Pacific Holdings in fiscal 2025, with total compensation of $4,414,054.
How does Par Pacific Holdings's chief executive pay compare to its disclosed peer group?
As disclosed, William Monteleone's total compensation ranked at the 15th percentile of Par Pacific Holdings's disclosed peer group.
How did shareholders vote on Par Pacific Holdings's executive compensation?
As disclosed, 98.87% of shareholders supported Par Pacific Holdings's executive compensation in the latest say-on-pay vote.
How much does Par Pacific Holdings spend in total on board compensation for fiscal 2025?
As disclosed, Par Pacific Holdings reported total board compensation of $4,797,311 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, William MonteleoneDEF 14A2026-03-200001437749-26-009219Section “Summary Compensation Table”. As printed: 4,414,054. Filing ↗
2Section 01, Richard CreamerDEF 14A2026-03-200001437749-26-009219Section “Executive Compensation”. As printed: 1,893,616. Filing ↗machine: r4 · c28 · span 1028684–1028693
3Section 01, Shawn FloresDEF 14A2026-03-200001437749-26-009219Section “Executive Compensation”. As printed: 1,802,913. Filing ↗machine: r7 · c28 · span 1047826–1047835
4Section 01, Jeffrey HollisDEF 14A2026-03-200001437749-26-009219Section “Executive Compensation”. As printed: 1,504,985. Filing ↗machine: r10 · c28 · span 1066780–1066789
5Section 01, Terrill PitkinDEF 14A2026-03-200001437749-26-009219Section “Executive Compensation”. As printed: 1,343,249. Filing ↗machine: r13 · c28 · span 1085997–1086006
6Section 03, William Monteleone RSUDEF 14A2026-03-200001437749-26-009219Section “Grants of Plan-Based Awards in 2025 Table” · grants of plan-based awards table. Filing ↗
7Section 03, Shawn Flores RSUDEF 14A2026-03-200001437749-26-009219Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
8Section 03, Richard Creamer RSUDEF 14A2026-03-200001437749-26-009219Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 834228–834235
9Section 03, Jeffrey Hollis RSUDEF 14A2026-03-200001437749-26-009219Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
10Section 03, Terrill Pitkin RSUDEF 14A2026-03-200001437749-26-009219Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
11Section 08, William PateDEF 14A2026-03-200001437749-26-009219Section “Director Compensation”. As printed: 2,328,737. Filing ↗machine: span 369401–369410
12Section 08, Robert SilbermanDEF 14A2026-03-200001437749-26-009219Section “Director Compensation”. As printed: 368,750. Filing ↗machine: span 351971–351978
13Section 08, Curtis AnastasioDEF 14A2026-03-200001437749-26-009219Section “Director Compensation”. As printed: 210,000. Filing ↗machine: span 356967–356974
14Section 08, Katherine HatcherDEF 14A2026-03-200001437749-26-009219Section “Director Compensation”. As printed: 205,000. Filing ↗machine: span 364397–364404
15Section 08, Timothy ClosseyDEF 14A2026-03-200001437749-26-009219Section “Director Compensation”. As printed: 205,000. Filing ↗machine: span 359456–359463
16Section 08, Patricia MartinezDEF 14A2026-03-200001437749-26-009219Section “Director Compensation”. As printed: 197,500. Filing ↗machine: span 366849–366856
17Section 08, Eric YeamanDEF 14A2026-03-200001437749-26-009219Section “Director Compensation”. As printed: 197,500. Filing ↗machine: span 371849–371856
18Section 08, Philip DavidsonDEF 14A2026-03-200001437749-26-009219Section “Director Compensation”. As printed: 197,500. Filing ↗machine: span 361906–361913
19Section 08, Aaron ZellDEF 14A2026-03-200001437749-26-009219Section “Director Compensation”. As printed: 197,500. Filing ↗machine: span 374360–374367
20Section 08, Melvyn KleinDEF 14A2026-03-200001437749-26-009219Section “Director Compensation”. As printed: 129,824. Filing ↗machine: span 354515–354522
21Section 06, 2026 voteForm 8-K2026-05-040001437749-26-014568Item 5.07 · say-on-pay result. As reported: 98.87% (votes for as printed: 37,805,222). Filing ↗
22Section 06, 2023 voteForm 8-K2023-05-080001193125-23-137291Item 5.07 · say-on-pay result. As reported: 98.99% (votes for as printed: 45,891,211). Filing ↗
23Section 06, 2020 voteForm 8-K2020-05-110000821483-20-000029Item 5.07 · say-on-pay result. As reported: 99.22%. Filing ↗
24Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
25Section 09b board cost (computed)Computed——Cash 3,186,237 + equity 1,051,074 + all other 560,000 = 4,797,311, summed across the director compensation table rows.machine: formula: Σ = 4,797,311
26Global Partners LP, Section 10b CEO totalDEF 14A2026-03-170001104659-26-029453CEO total compensation as printed in Global Partners LP's own proxy. As printed: 20,307,392. Filing ↗
27HF Sinclair Corporation, Section 10b CEO totalDEF 14A2026-03-310001193125-26-134743CEO total compensation as printed in HF Sinclair Corporation's own proxy. As printed: 14,278,553. Filing ↗machine: span 891119–891129
28Murphy USA Inc., Section 10b CEO totalDEF 14A2026-03-260001573516-26-000110CEO total compensation as printed in Murphy USA Inc.'s own proxy. As printed: 11,762,101. Filing ↗machine: r2 · c30 · span 754382–754392
29Cabot Corporation, Section 10b CEO totalDEF 14A2026-01-270001193125-26-023681CEO total compensation as printed in Cabot Corporation's own proxy. As printed: 9,307,883. Filing ↗machine: r3 · c39 · span 853934–853943
30H.B. Fuller Company, Section 10b CEO totalDEF 14A2026-03-040001437749-26-006811CEO total compensation as printed in H.B. Fuller Company's own proxy. As printed: 8,830,569. Filing ↗machine: r2 · c18 · span 903228–903237
31CVR Energy, Inc., Section 10b CEO totalDEF 14A2026-04-210001376139-26-000022CEO total compensation as printed in CVR Energy, Inc.'s own proxy. As printed: 8,602,449. Filing ↗machine: span 526205–526214
32PBF Energy Inc., Section 10b CEO totalDEF 14A2026-03-170001140361-26-009843CEO total compensation as printed in PBF Energy Inc.'s own proxy. As printed: 7,887,020. Filing ↗machine: r2 · c27 · span 1240387–1240396
33Delek U.S. Holdings, Inc., Section 10b CEO totalDEF 14A2026-03-100001140361-26-008842CEO total compensation as printed in Delek U.S. Holdings, Inc.'s own proxy. As printed: 7,683,786. Filing ↗machine: r3 · c25 · span 886124–886133
34Calumet, Inc., Section 10b CEO totalDEF 14A2026-04-200001140361-26-015639CEO total compensation as printed in Calumet, Inc.'s own proxy. As printed: 6,799,276. Filing ↗machine: r2 · c22 · span 793310–793319
35Koppers Holdings Inc., Section 10b CEO totalDEF 14A2026-03-270001315257-26-000026CEO total compensation as printed in Koppers Holdings Inc.'s own proxy. As printed: 6,358,244. Filing ↗
36Arko Corp., Section 10b CEO totalDEF 14A2026-04-200001193125-26-162839CEO total compensation as printed in Arko Corp.'s own proxy. As printed: 5,494,095. Filing ↗machine: r2 · c29 · span 570191–570200
37Par Pacific Holdings (subject), Section 10b CEO totalDEF 14A2026-03-200001437749-26-009219CEO total compensation as printed in Par Pacific Holdings's own proxy. As printed: 4,414,054. Filing ↗
38Green Plains Inc., Section 10b CEO totalDEF 14A2026-04-240001309402-26-000050CEO total compensation as printed in Green Plains Inc.'s own proxy. As printed: 3,497,755. Filing ↗machine: r2 · c21 · span 1098236–1098245
39World Kinect Corporation, Section 10b CEO totalDEF 14A2026-04-280001193125-26-187092CEO total compensation as printed in World Kinect Corporation's own proxy. As printed: 3,359,625. Filing ↗machine: r5 · c29 · span 2113004–2113013
40Section 10a, Green Plains Inc. reciprocityDEF 14A—0001309402-26-000050Green Plains Inc. names Par Pacific Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗
41Section 10a, HF Sinclair Corporation reciprocityDEF 14A—0001193125-26-134743HF Sinclair Corporation's most recent proxy was read; its disclosed peer group does not include Par Pacific Holdings. Filing ↗
42Section 10a, Arko Corp. reciprocityDEF 14A—0001193125-26-162839Arko Corp.'s most recent proxy was read; its disclosed peer group does not include Par Pacific Holdings. Filing ↗
43Section 10a, Global Partners LP reciprocityDEF 14A—0001104659-25-023451Global Partners LP's most recent proxy was read; its disclosed peer group does not include Par Pacific Holdings. Filing ↗
44Section 10a, Cabot Corporation reciprocityDEF 14A—0001193125-26-023681Cabot Corporation's most recent proxy was read; its disclosed peer group does not include Par Pacific Holdings. Filing ↗
45Section 10a, CVR Energy, Inc. reciprocityDEF 14A—0001376139-26-000022CVR Energy, Inc. names Par Pacific Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗
46Section 10a, Delek U.S. Holdings, Inc. reciprocityDEF 14A—0001140361-26-008842Delek U.S. Holdings, Inc. names Par Pacific Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗
47Section 10a, Murphy USA Inc. reciprocityDEF 14A—0001573516-26-000110Murphy USA Inc.'s most recent proxy was read; its disclosed peer group does not include Par Pacific Holdings. Filing ↗
48Section 10a, Koppers Holdings Inc. reciprocityDEF 14A—0001315257-26-000026Koppers Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include Par Pacific Holdings. Filing ↗
49Section 10a, H.B. Fuller Company reciprocityDEF 14A—0001437749-26-006811H.B. Fuller Company's most recent proxy was read; its disclosed peer group does not include Par Pacific Holdings. Filing ↗
50Section 10a, PBF Energy Inc. reciprocityDEF 14A—0001140361-26-009843PBF Energy Inc.'s most recent proxy was read; its disclosed peer group does not include Par Pacific Holdings. Filing ↗
51Section 10a, Calumet, Inc. reciprocityDEF 14A—0001140361-26-015639Calumet, Inc. names Par Pacific Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗

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