Proficient Auto (NASDAQ: PAL) SVP reports 3,632 shares and RSU grants
Rhea-AI Filing Summary
Proficient Auto Logistics, Inc. reports initial equity holdings for Senior VP of Administration Adam Jeffrey Smith. The reporting person holds 3,632 shares of Common Stock directly. In addition, he holds Restricted Stock Units (RSUs) convertible into 10,112 and 8,299 shares of Common Stock on a one-for-one basis, subject to multi‑year vesting schedules beginning in 2026 and 2027, respectively.
Positive
- None.
Negative
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Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Smith Adam Jeffrey
Role
Senior VP of Administration
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units F1 | -- | -- | -- |
| holding | Restricted Stock Units F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 18,411 shares (Direct);
Common Stock — 3,632 shares (Direct)
Footnotes (2)
- F1. On March 24, 2025, the Reporting Person was awarded 15,167 restricted stock units that vest in equal installments on each of March 24, 2026, 2027 and 2028. The restricted stock units that vested on March 24, 2026 are not included in the total in Table II and are included in Table 1. These restricted stock units convert into common stock on a one-for-one basis.
- F2. On February 13, 2026, the Reporting Person was awarded 8,299 restricted stock units that vest in equal installments on each of February 13, 2027, 2028 and 2029. These restricted stock units convert into common stock on a one-for-one basis.
Key Figures
Common Stock held: 3,632 shares
RSUs underlying shares (Grant 1): 10,112 shares
RSUs underlying shares (Grant 2): 8,299 shares
+3 more
6 metrics
Common Stock held
3,632 shares
Direct Common Stock ownership reported as of 2026-08-06
RSUs underlying shares (Grant 1)
10,112 shares
Restricted Stock Units convertible into Common Stock, tied to March 24, 2025 award
RSUs underlying shares (Grant 2)
8,299 shares
Restricted Stock Units convertible into Common Stock, awarded February 13, 2026
Total RSU award March 24, 2025
15,167 units
RSUs vesting in equal installments in 2026, 2027 and 2028
RSU vesting dates (2025 grant)
March 24, 2026, 2027, 2028
Schedule for 15,167 RSUs awarded March 24, 2025
RSU vesting dates (2026 grant)
February 13, 2027, 2028, 2029
Schedule for 8,299 RSUs awarded February 13, 2026
Key Terms
Restricted Stock Units, vest, one-for-one basis
3 terms
Restricted Stock Units financial
"the Reporting Person was awarded 15,167 restricted stock units that vest in equal"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vest financial
"restricted stock units that vest in equal installments on each of March 24, 2026"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
one-for-one basis financial
"These restricted stock units convert into common stock on a one-for-one basis"
FAQ
What equity holdings in PAL does Adam Jeffrey Smith report on this Form 3?
Adam Jeffrey Smith reports 3,632 shares of Common Stock held directly, plus RSUs convertible into 10,112 and 8,299 shares of Common Stock, all on a one-for-one basis and subject to vesting schedules.
What are the vesting terms of the 15,167 PAL restricted stock units awarded on March 24, 2025?
The 15,167 restricted stock units awarded March 24, 2025 vest in three equal installments on March 24, 2026, 2027 and 2028. Units that vested on March 24, 2026 moved into Common Stock holdings and are not counted in the RSU table.
What are the vesting terms of the 8,299 PAL restricted stock units awarded on February 13, 2026?
The 8,299 restricted stock units awarded February 13, 2026 vest in three equal installments on February 13, 2027, 2028 and 2029. Each vested unit converts into one share of PAL Common Stock upon settlement.
How do Adam Jeffrey Smith’s PAL RSUs convert into Common Stock?
Both RSU grants convert into Common Stock on a one-for-one basis. After each scheduled vesting date, the vested restricted stock units are eligible to settle into an equivalent number of PAL Common Stock shares.
Does this PAL Form 3 report any insider buying or selling transactions?
No buying or selling is reported; this Form 3 lists holdings only. It discloses current ownership of Common Stock and RSUs, without any purchase, sale, exercise, or disposition transactions on the reported date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
