Equity Group Investments Amends PAR PACIFIC Holdings Filing
Ticker: PARR · Form: SC 13D/A · Filed: Mar 5, 2024 · CIK: 821483
| Field | Detail |
|---|---|
| Company | Par Pacific Holdings, Inc. (PARR) |
| Form Type | SC 13D/A |
| Filed Date | Mar 5, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: schedule-13d, ownership-change, filing-amendment
Related Tickers: PAA
TL;DR
Equity Group Investments updated their stake in PAR PACIFIC HOLDINGS, INC. - check the details.
AI Summary
Equity Group Investments, through CHAI TRUST CO LLC, filed an amendment (No. 26) to its Schedule 13D on March 5, 2024, regarding its holdings in PAR PACIFIC HOLDINGS, INC. The filing indicates a change in beneficial ownership, with Joseph Miron listed as a contact. The specific details of the change in ownership percentage or number of shares are not provided in this excerpt.
Why It Matters
This filing signals a potential shift in significant ownership stakes for PAR PACIFIC HOLDINGS, INC., which could influence the company's strategic direction or market perception.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership by significant investors can indicate shifts in strategy or potential future actions that may impact the company's stock price.
Key Players & Entities
- Equity Group Investments (company) — Filing entity
- CHAI TRUST CO LLC (company) — Filing entity
- PAR PACIFIC HOLDINGS, INC. (company) — Subject company
- Joseph Miron (person) — Contact person
FAQ
What specific change in beneficial ownership is reported in Amendment No. 26?
The provided excerpt does not specify the exact change in beneficial ownership, only that an amendment (No. 26) was filed on March 5, 2024.
Who is the primary filer for this Schedule 13D/A?
The primary filer is Equity Group Investments, acting through CHAI TRUST CO LLC.
What is the CUSIP number for PAR PACIFIC HOLDINGS, INC. common stock?
The CUSIP number for PAR PACIFIC HOLDINGS, INC. common stock is 69888T207.
When was the previous company name for PAR PACIFIC HOLDINGS, INC. changed?
The company was formerly known as PAR PETROLEUM CORP/CO, with a name change date of September 7, 2012.
What is the business address of PAR PACIFIC HOLDINGS, INC.?
The business address for PAR PACIFIC HOLDINGS, INC. is 825 Town & Country Lane, Suite 1500, Houston, TX 77024.
Filing Stats: 1,860 words · 7 min read · ~6 pages · Grade level 8.9 · Accepted 2024-03-05 16:21:29
Key Financial Figures
- $0.01 — INC. (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securiti
Filing Documents
- ef20023319_sc13da.htm (SC 13D/A) — 90KB
- ef20023319_ex99-14.htm (EX-99.14) — 12KB
- 0001140361-24-011409.txt ( ) — 104KB
of the Schedule 13D is hereby amended and restated as follows
Item 1 of the Schedule 13D is hereby amended and restated as follows: This statement on Schedule 13D relates to the common stock, par value $0.01 per share ("Common Stock"), of Par Pacific Holdings, Inc., a Delaware corporation (the "Issuer"). The Issuer's principal executive office is located at 825 Town & Country Lane, Suite 1500, Houston, Texas 77024. ITEM 2. Identity and Background.
of the Schedule 13D is hereby amended and restated in its entirety as follows
Item 2 of the Schedule 13D is hereby amended and restated in its entirety as follows: (a-c) This Schedule is being filed by the following beneficial owners of Common Stock: Chai Trust Company, LLC, an Illinois limited liability company ("General Partner") and EGI Investors, L.L.C., a Delaware limited liability company ("EGI Investors"). General Partner and EGI Investors are sometimes collectively referred to herein as the "Reporting Persons." The principal business of EGI Investors is investments, and the principal business of General Partner is trust administration. The executive officers of EGI Investors are: Joseph Miron: Vice President and Secretary. Mark Sotir: Vice President. Philip G. Tinkler: Vice President and Treasurer. The executive officers and directors of General Partner are as follows: Scott R. Peppet: President and Director Joseph Miron: Chief Legal Officer and Secretary Mark Sotir: Executive Vice President and Director. Mr. Sotir is also the President of the EGI Division of General Partner. Philip G. Tinkler: Chief Financial Officer and Senior Trust Officer Suzanne Campion: Director. Ms. Campion is also an executive recruiter. David J. Contis: Director. Mr. Contis is also a Principal at Agora Advisors, Inc. CUSIP No. 69888T207 13D Page 5 of 6 Mary Duke: Director. Ms. Duke is also a family wealth advisor. Thomas P. Heneghan: Director. Mr. Heneghan is also the Chief Executive Officer of Equity International, a private equity firm. Siobhan Murphy: Director. Ms. Murphy is also an attorney. JoAnn Zell: Director. Ms. Zell is also a physician. Kellie Zell: Director. Ms. Zell is a homemaker. The business address of Joseph Miron, Mark Sotir, Philip G. Tinkler, Scott R. Peppet, Suzanne Campion, David J. Contis, Mary Duke, Thomas P. Heneghan, Siobhan Murphy, JoAnn Zell, Kellie Zell and each Reporting Person is Two North Riverside Plaza, Suite 600, Chicago, Illinois 60606. (d) and (e) No Reporting Person has, during the last five years, (
of the Schedule 13D is hereby amended and supplemented as follows
Item 4 of the Schedule 13D is hereby amended and supplemented as follows: For purposes of compliance with the restrictions in the Issuer's certificate of incorporation designed to reduce the risk of an ownership change for purposes of Section 382 of the Internal Revenue Code of 1986, as amended, the sales of shares of Common Stock by the Reporting Persons reported herein were previously approved by the board of directors of the Issuer. ITEM 5. Interest in Securities of the Issuer.
of the Schedule 13D is hereby amended and supplemented as follows
Item 5 of the Schedule 13D is hereby amended and supplemented as follows: (a) and (b) To the best knowledge of the Reporting Persons, 59,575,453 shares of Common Stock were outstanding as of February 22, 2024, as disclosed in the Issuer's annual report on Form 10-K filed on February 29, 2024. EGI Investors is the beneficial owner of 2,179,801 shares of Common Stock, or approximately 3.7% of the issued and outstanding shares of Common Stock, and EGI Investors shares voting and dispositive power with General Partner with respect to such shares. (c) A description of all of the other transactions in the Common Stock during the past sixty days, each of which was effected in the open market in routine brokerage transactions, is included in Exhibit 14. (d) No person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, shares of Common Stock owned by the Reporting Persons. (e) As of February 29, 2024, each of the Reporting Persons ceased to beneficially own more than 5% of the shares of Common Stock outstanding. ITEM 7. Materials to be Filed as Exhibits
of the Schedule 13D is hereby amended and supplemented as follows
Item 7 of the Schedule 13D is hereby amended and supplemented as follows: Exhibit 14 : Schedule of Transactions, in response to Item 5(c) CUSIP No. 69888T207 13D Page 6 of 6
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. DATED: March 5, 2024 Chai Trust Company, LLC By: /s/ Joseph Miron Name: Joseph Miron Title: Chief Legal Officer EGI INVESTORS, L.L.C. By: /s/ Joseph Miron Name: Joseph Miron Title: Vice President