William Pate has been the CEO of Par Pacific Holdings, Inc. since 2015 after a long career in finance and law. He holds a Juris Doctorate from the prestigious University of Chicago Law School and a Bachelor of Arts from...

William Pate has been the CEO of Par Pacific Holdings, Inc. since 2015 after a long career in finance and law. He holds a Juris Doctorate from the prestigious University of Chicago Law School and a Bachelor of Arts from Harvard College. Before joining Par Pacific, he was Co-President of Equity Group Investments and served on various corporate boards, showcasing his extensive experience in the investment space. Not only has he driven company growth with a focus on operational performance, but he also emphasized aligning executive compensation with company results, notably in 2022 when compensation significantly rose due to impressive financial metrics. His insider trading shows notable activity, peaking at over $18 million in stock value in early 2024, which indicates a strong belief in the company. Pate will retire in April 2024 but will continue to serve on the company's Board of Directors, making his legacy and insight invaluable as the next generation of leadership takes charge.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Par Pacific Holdings, Inc. CEOs

P

William Pate

Ex-CEO of Par Pacific Holdings, Inc.

Education

Juris Doctorate from University of Chicago Law School, Bachelor of Arts from Harvard College

Field of Expertise

Legal & Compliance - Law

Sector of Economy

Energy

Born

January 1, 1973 - 52 years ago

CEO of Par Pacific Holdings, Inc. for

8 years 6 months (Oct 2015 - Apr 2024)

Previous Experience

Co-President of Equity Group Investments

Rivals

Competitors/colleagues of William Pate

V

R. Lane Riggs

CEO of Valero Energy

2023 Compensation

Stock

$0.00

Salary

$1.43M

Bonus

$3.35M

Other

$179.80K

Total Holdings

$46.73M

P

Mark E. Lashier

CEO of Phillips 66

2023 Compensation

Stock

$14.20M

Salary

$1.58M

Bonus

$4.04M

Other

$755.06K

Total Holdings

$12.06M

D

Avigal Soreq

CEO of Delek US Holdings

2023 Compensation

Stock

$0.00

Salary

$900.00K

Bonus

$1.95M

Other

$152.10K

Total Holdings

$4.92M

C

David L. Lamp

CEO of CVR Energy

2022 Compensation

Stock

$0.00

Salary

$1.10M

Bonus

$0.00

Other

$26.31K

Total Holdings

$1.85M

P

Matthew Lucey

CEO of PBF Energy

2023 Compensation

Stock

$2.99M

Salary

$990.00K

Bonus

$2.83M

Other

$556.35K

Total Holdings

$7.83M

H

Michael C. Jennings

CEO of HF Sinclair

2023 Compensation

Stock

$8.04M

Salary

$1.20M

Bonus

$500.00K

Other

$464.54K

Total Holdings

$4.42M

Holdings

See how much did William Pate make over time.

William Pate's holdings in Par Pacific Holdings, Inc. have seen notable growth over the years. From 2019 to early 2024, his stock values increased dramatically alongside company performance. For instance, his holdings surged to a peak of $18.75 million in...

William Pate's holdings in Par Pacific Holdings, Inc. have seen notable growth over the years. From 2019 to early 2024, his stock values increased dramatically alongside company performance. For instance, his holdings surged to a peak of $18.75 million in February 2024, showing a clear upward trend. He experienced consistent growth, starting at around $4.33 million in 2019 and reaching significant values every year, reflecting his confidence in the company's direction. This substantial increase indicates that most of his wealth is tied up in these holdings, signifying his commitment to the company's success. As he prepares for retirement, it's evident his financial interests were strongly aligned with those of Par Pacific Holdings, turning him into a key player in the corporate landscape.

Mar 17, 2025

P

shares

PARR @ $14.73

Total Stock Sold

$9.92M

PARR

$9.92M

293,804 PARR shares

What if they kept their stock?

If William Pate didn't sell their stock, today they would have:
Extra PARR293,804 shares worth $2.31M.
This is -76.74% and $7.61M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of William Pate.

PARR

$24.99K

PARR at $24.62/share

Jul 5, 2024

Received

PARR

$1.30M

PARR at $30.49/share

May 1, 2024

Received

PARR

$5.23M

PARR at $34.88/share

Nov 27, 2023

Sale

PARR

$4.01M

PARR at $34.85/share

Aug 14, 2023

Sale

PARR

$918.76K

PARR at $27.47/share

Feb 16, 2023

Received

PARR

$714.42K

PARR at $14.23/share

Feb 18, 2022

Received

PARR

$464.37K

PARR at $13.46/share

Dec 16, 2021

Purchase

PARR

$354.62K

PARR at $17.67/share

Feb 26, 2021

Received

PARR

$354.62K

PARR at $17.67/share

Feb 26, 2021

Received

PARR

$721.69K

PARR at $16.52/share

Feb 19, 2021

Received

Compensation History

See how much did William Pate make over time.

In 2023, William Pate's total compensation at Par Pacific Holdings was $2,583,020. The bulk of this came from performance-based bonuses which reached over $1.79 million, showcasing how well the company performed under his leadership. His base salary was $795,000, reflecting a steady increase from previous years. Notably, his compensation has been tied closely to the company's performance metrics like Adjusted EBITDA and Modified Free Cash Flow, emphasizing a results-driven approach. Prior years show significant variations in his earnings; for example, in 2022, he earned $1,735,000, while in 2021, his total compensation was $1,171,856. This compensation strategy indicates a focus on rewarding performance that aligns with shareholder interests, a philosophy that has clearly been a priority for him throughout his tenure.

Year

2023

Total Compensation

$3.51M

Salary

$795.00K

Board Justification

The compensation philosophy aims to provide competitive packages that attract, retain, and motivate executives while aligning their interests with those of stockholders.

Bonus

$1.79M

Board Justification

The bonus is based on individual performance and company performance metrics, including Adjusted EBITDA and Modified Free Cash Flow, with a target opportunity of 100% of base salary.

Other

$0.00

Board Justification

Restricted Stock

$918.76K(33.45K restricted stock)

Board Justification

The restricted stock awarded to Mr. Pate vests ratably over a three-year period, with a total value of $918,762 in 2023.

Performance Metrics

Performance metrics include Adjusted EBITDA, Modified Free Cash Flow, and individual performance evaluations.

Other Par Pacific Holdings, Inc. CEOs

Here are other CEOs of Par Pacific Holdings, Inc.

Joseph Israel

Ex-CEO of Par Pacific Holdings, Inc.

January 2015 - March 2017

William Monteleone

CEO of Par Pacific Holdings, Inc.

April 2024 - Present