CompBrief BY VELARION

Companies PAR PACIFIC HOLDINGS, INC.

PAR PACIFIC (PARR): executive pay, fiscal 2025

Free brief. Every figure links to the company’s own filing.

Email me PAR PACIFIC HOLDINGS, INC.’s executive pay brief as a PDF

It arrives in about 2 minutes, with every figure cited to its filing.

After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.

CEO total pay$4,414,054CEO William Monteleone · source
Say-on-pay support98.87%Latest vote · source
CEO vs. named peers15th pct.Of 14 peer CEOs
CEO pay ratio87:1To the median employee · source

CEO pay, last three years

  • $2,059,910FY2023
  • $1,467,774FY2024
  • $4,414,054FY2025

CEO total pay was $4,414,054 in fiscal 2025, up from $1,467,774 in fiscal 2024.

FY2025: salary $806,731 · bonus $0 · stock awards $2,249,998 · option awards $0

Order PARR

Add the email the receipt and the PDF go to, then press the report you want. Each button opens its own card payment on Stripe.

Receipt, invoice, and report delivery. Guest checkout, no account required, secure payment by Stripe.

Full detail

Every table from the filing. Open any section.

Summary compensation table
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$1,467,774$2,059,910↑ +2,946,280
Richard Creamer1,893,616—1,643,992—
Shawn Flores1,802,9131,178,2721,270,969↑ +624,641
Jeffrey Hollis1,504,9851,011,6141,243,024↑ +493,371
Terrill Pitkin1,343,249953,852—↑ +389,397

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

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
Equity grants and outstanding awards

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

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.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Terrill PitkinRSU1,427—$50,145
Shawn FloresRSU1,677—58,930
Jeffrey HollisRSU1,845—64,833
Terrill PitkinRSU1,845—64,833
Jeffrey HollisRSU2,760—96,986
William MonteleoneRSU2,784—97,830
Shawn FloresRSU2,803—98,497
Jeffrey HollisRSU3,326—116,876
Richard CreamerRSU3,567—125,344
Terrill PitkinRSU3,743—131,529
Shawn FloresRSU4,264—149,837
Richard CreamerRSU4,296—150,961
Jeffrey HollisPSU4,989—175,313
Terrill PitkinPSU5,615—197,311
Richard CreamerRSU5,629—197,803
William MonteleoneRSU6,067—213,194
Shawn FloresPSU6,396—224,755
Jeffrey HollisPSU8,282—291,029
Shawn FloresPSU8,409—295,492
Richard CreamerPSU8,443—296,687
Richard CreamerPSU10,703—376,103
William MonteleonePSU15,989—561,853
William MonteleoneOption16,70114.91—
Terrill PitkinPSU17,881—628,338
Terrill PitkinRSU17,881—628,338
William MonteleonePSU18,202—639,618
Shawn FloresPSU18,822—661,405
Jeffrey HollisRSU18,822—661,405
Richard CreamerPSU23,127—812,683
Shawn FloresRSU23,127—812,683
William MonteleoneRSU23,992—843,079
William MonteleonePSU25,608—899,865
Richard CreamerRSU25,608—899,865
William MonteleoneRSU72,023—2,530,888
William MonteleoneOption350,00030.8—
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
William PateIndependent$2,228,737$100,000———$2,328,737
Robert SilbermanIndependent · Board Chair208,750160,000———368,750
Curtis AnastasioIndependent · Audit (Chair)110,000100,000———210,000
Katherine HatcherIndependent · Nominating and Corporate Governance105,000100,000———205,000
Timothy ClosseyIndependent · Operations and Technology (Chair)105,000100,000———205,000
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

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer$100,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 15,000
Stock ownership guideline—

Total cost of the board

ComponentFY2025
Cash retainers and fees$3,186,237
Equity awards (grant-date value)$1,051,074
All other compensation$0
Total cost of the board$4,237,311

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

Peer group, and who names PAR PACIFIC as a peer

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.

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.

Peer reciprocity

Of the companies PAR PACIFIC HOLDINGS, INC. 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, INC..

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 HOLDINGS, INC.2025William 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.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
PAR PACIFIC HOLDINGS, INC.not 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 Compensation Partners, LLC
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.

Say-on-pay history and pay ratio
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.

CEO pay ratio

Ratio (CEO : median employee)87 : 1
CEO total compensation—
Median employee compensation$114,414
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (54 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, William Monteleone. DEF 14A, filed 2026-03-20. Section “Summary Compensation Table”. As printed: 4,414,054. View filing ↗
  • Section 01, Richard Creamer. DEF 14A, filed 2026-03-20. Section “Executive Compensation”. As printed: 1,893,616. View filing ↗
  • Section 01, Shawn Flores. DEF 14A, filed 2026-03-20. Section “Executive Compensation”. As printed: 1,802,913. View filing ↗
  • Section 01, Jeffrey Hollis. DEF 14A, filed 2026-03-20. Section “Executive Compensation”. As printed: 1,504,985. View filing ↗
  • Section 01, Terrill Pitkin. DEF 14A, filed 2026-03-20. Section “Executive Compensation”. As printed: 1,343,249. View filing ↗
  • Section 03, William Monteleone RSU. DEF 14A, filed 2026-03-20. Section “Grants of Plan-Based Awards in 2025 Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Shawn Flores RSU. DEF 14A, filed 2026-03-20. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Richard Creamer RSU. DEF 14A, filed 2026-03-20. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Jeffrey Hollis RSU. DEF 14A, filed 2026-03-20. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Terrill Pitkin RSU. DEF 14A, filed 2026-03-20. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2025-03-21. Section “CEO Pay Ratio”. As printed: 87 : 1. View filing ↗
  • Section 08, William Pate. DEF 14A, filed 2026-03-20. Section “Director Compensation”. As printed: 2,328,737. View filing ↗
  • Section 08, Robert Silberman. DEF 14A, filed 2026-03-20. Section “Director Compensation”. As printed: 368,750. View filing ↗
  • Section 08, Curtis Anastasio. DEF 14A, filed 2026-03-20. Section “Director Compensation”. As printed: 210,000. View filing ↗
  • Section 08, Katherine Hatcher. DEF 14A, filed 2026-03-20. Section “Director Compensation”. As printed: 205,000. View filing ↗
  • Section 08, Timothy Clossey. DEF 14A, filed 2026-03-20. Section “Director Compensation”. As printed: 205,000. View filing ↗
  • Section 08, Patricia Martinez. DEF 14A, filed 2026-03-20. Section “Director Compensation”. As printed: 197,500. View filing ↗
  • Section 08, Eric Yeaman. DEF 14A, filed 2026-03-20. Section “Director Compensation”. As printed: 197,500. View filing ↗
  • Section 08, Philip Davidson. DEF 14A, filed 2026-03-20. Section “Director Compensation”. As printed: 197,500. View filing ↗
  • Section 08, Aaron Zell. DEF 14A, filed 2026-03-20. Section “Director Compensation”. As printed: 197,500. View filing ↗
  • Section 08, Melvyn Klein. DEF 14A, filed 2026-03-20. Section “Director Compensation”. As printed: 129,824. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-04. Item 5.07 · say-on-pay result. As reported: 98.87% (votes for as printed: 37,805,222). View filing ↗
  • Section 06, 2023 vote. Form 8-K, filed 2023-05-08. Item 5.07 · say-on-pay result. As reported: 98.99% (votes for as printed: 45,891,211). View filing ↗
  • Section 06, 2020 vote. Form 8-K, filed 2020-05-11. Item 5.07 · say-on-pay result. As reported: 99.22%. View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 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).
  • Section 09b board cost (computed). Computed. Cash 3,186,237 + equity 1,051,074 + all other 0 = 4,237,311, summed across the director compensation table rows.
  • Global Partners LP, Section 10b CEO total. DEF 14A, filed 2026-03-17. CEO total compensation as printed in Global Partners LP's own proxy. As printed: 20,307,392. View filing ↗
  • HF Sinclair Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in HF Sinclair Corporation's own proxy. As printed: 14,278,553. View filing ↗
  • Murphy USA Inc., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Murphy USA Inc.'s own proxy. As printed: 11,762,101. View filing ↗
  • Cabot Corporation, Section 10b CEO total. DEF 14A, filed 2026-01-27. CEO total compensation as printed in Cabot Corporation's own proxy. As printed: 9,307,883. View filing ↗
  • H.B. Fuller Company, Section 10b CEO total. DEF 14A, filed 2026-03-04. CEO total compensation as printed in H.B. Fuller Company's own proxy. As printed: 8,830,569. View filing ↗
  • CVR Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-21. CEO total compensation as printed in CVR Energy, Inc.'s own proxy. As printed: 8,602,449. View filing ↗
  • PBF Energy Inc., Section 10b CEO total. DEF 14A, filed 2026-03-17. CEO total compensation as printed in PBF Energy Inc.'s own proxy. As printed: 7,887,020. View filing ↗
  • Delek U.S. Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-10. CEO total compensation as printed in Delek U.S. Holdings, Inc.'s own proxy. As printed: 7,683,786. View filing ↗
  • Calumet, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in Calumet, Inc.'s own proxy. As printed: 6,799,276. View filing ↗
  • Koppers Holdings Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Koppers Holdings Inc.'s own proxy. As printed: 6,358,244. View filing ↗
  • Arko Corp., Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in Arko Corp.'s own proxy. As printed: 5,494,095. View filing ↗
  • PAR PACIFIC HOLDINGS, INC. (subject), Section 10b CEO total. DEF 14A, filed 2026-03-20. CEO total compensation as printed in PAR PACIFIC HOLDINGS, INC.'s own proxy. As printed: 4,414,054. View filing ↗
  • Green Plains Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Green Plains Inc.'s own proxy. As printed: 3,497,755. View filing ↗
  • World Kinect Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in World Kinect Corporation's own proxy. As printed: 3,359,625. View filing ↗
  • Section 10a, Green Plains Inc. reciprocity. DEF 14A. Green Plains Inc. names PAR PACIFIC HOLDINGS, INC. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, HF Sinclair Corporation reciprocity. DEF 14A. HF Sinclair Corporation's most recent proxy was read; its disclosed peer group does not include PAR PACIFIC HOLDINGS, INC.. View filing ↗
  • Section 10a, Arko Corp. reciprocity. DEF 14A. Arko Corp.'s most recent proxy was read; its disclosed peer group does not include PAR PACIFIC HOLDINGS, INC.. View filing ↗
  • Section 10a, Global Partners LP reciprocity. DEF 14A. Global Partners LP's most recent proxy was read; its disclosed peer group does not include PAR PACIFIC HOLDINGS, INC.. View filing ↗
  • Section 10a, Cabot Corporation reciprocity. DEF 14A. Cabot Corporation's most recent proxy was read; its disclosed peer group does not include PAR PACIFIC HOLDINGS, INC.. View filing ↗
  • Section 10a, CVR Energy, Inc. reciprocity. DEF 14A. CVR Energy, Inc. names PAR PACIFIC HOLDINGS, INC. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Delek U.S. Holdings, Inc. reciprocity. DEF 14A. Delek U.S. Holdings, Inc. names PAR PACIFIC HOLDINGS, INC. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Murphy USA Inc. reciprocity. DEF 14A. Murphy USA Inc.'s most recent proxy was read; its disclosed peer group does not include PAR PACIFIC HOLDINGS, INC.. View filing ↗
  • Section 10a, Koppers Holdings Inc. reciprocity. DEF 14A. Koppers Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include PAR PACIFIC HOLDINGS, INC.. View filing ↗
  • Section 10a, H.B. Fuller Company reciprocity. DEF 14A. H.B. Fuller Company's most recent proxy was read; its disclosed peer group does not include PAR PACIFIC HOLDINGS, INC.. View filing ↗
  • Section 10a, World Kinect Corporation reciprocity. DEF 14A. World Kinect Corporation's most recent proxy was read; its disclosed peer group does not include PAR PACIFIC HOLDINGS, INC.. View filing ↗
  • Section 10a, PBF Energy Inc. reciprocity. DEF 14A. PBF Energy Inc.'s most recent proxy was read; its disclosed peer group does not include PAR PACIFIC HOLDINGS, INC.. View filing ↗
  • Section 10a, Calumet, Inc. reciprocity. DEF 14A. Calumet, Inc. names PAR PACIFIC HOLDINGS, INC. in its own disclosed peer group (read from its most recent proxy). View filing ↗
Get the full report — $1,500