Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Compensation Costs Recognized

The following table summarizes our compensation costs recognized in General and administrative expense (excluding depreciation) and Operating expense (excluding depreciation) under the Amended and Restated Par Pacific Holdings, Inc. 2012 Long-term Incentive Plan and Stock Purchase Plan (in thousands):

	Three Months Ended March 31,
	2023		2022
Restricted Stock Awards	$	1,395	$	1,749
Restricted Stock Units	508		673
Stock Option Awards	414		1,236

Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

The following table summarizes our grant activity related to our stock based incentive plan during the period, including the number of granted shares, options, awards, or units; the fair value as of the grant date; total unrecognized compensation costs as of the period end; and the weighted-average period in years over which the compensation costs are expected to be recognized (in thousands except weighted average period):

	Three Months Ended March 31, 2023
	Awards granted	Fair value		Unrecognized compensation costs		Weighted average period
Restricted Stock Awards and Restricted Stock Units	303	$	8,269	$	15,432	1.8 years
Stock Option Awards (1)	—	—		3,297		1.7 years
Performance Restricted Stock Units (2)	90	2,476		2,968		2.6 years

_________________________________________________________

(1)There were no stock option awards granted for the period.

(2)Performance restricted stock units are subject to certain annual performance targets based on three-year-performance periods as defined by our Board of Directors.