Stockholders' Equity

9 Months Ended

Sep. 30, 2017

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Incentive Plan

The following table summarizes our compensation costs recognized in General and administrative 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 September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Restricted Stock Awards	$	967	$	791	$	3,482	$	2,241
Restricted Stock Units	127		62		364		1,167
Stock Option Awards	583		756		1,957		1,695

During the three and nine months ended September 30, 2017, we granted 20 thousand and 273 thousand shares of restricted stock and restricted stock units with a fair value of approximately $0.4 million and $4.0 million, respectively. As of September 30, 2017, there were approximately $6.5 million of total unrecognized compensation costs related to restricted stock awards and restricted stock units, which are expected to be recognized on a straight-line basis over a weighted-average period of 2.6 years.

During the nine months ended September 30, 2017, we granted 239 thousand stock option awards with a weighted-average exercise price of $15.03 per share and no grants were made for the three months endedSeptember 30, 2017. As of September 30, 2017, there were approximately $4.0 million of total unrecognized compensation costs related to stock option awards, which are expected to be recognized on a straight-line basis over a weighted-average period of 2.7 years.

During the nine months ended September 30, 2017, we granted 45 thousand performance restricted stock units to executive officers and no performance restricted stock units were granted for the three months endedSeptember 30, 2017. These performance restricted stock units had a fair value of approximately $0.7 million and are subject to certain annual performance targets as defined by our Board of Directors. As of September 30, 2017, there were approximately $0.5 million of total unrecognized compensation costs related to the performance restricted stock units, which are expected to be recognized on a straight-line basis over a weighted-average period of 2.4 years.