Rohit Lal (PAL) receives 1,903 restricted stock units vesting at 2026 meeting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Proficient Auto Logistics director Rohit Lal reported receiving a grant of 1,903 restricted stock units. The award was made at a price of $0 per unit and increases his directly held derivative securities to 1,903 units. These restricted stock units vest on the date of the company’s 2026 annual meeting of stockholders and will convert into common stock on a one-for-one basis when they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lal Rohit
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,903 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,903 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did PAL director Rohit Lal report on this Form 4?
Rohit Lal reported receiving a grant of 1,903 restricted stock units in Proficient Auto Logistics. The award was recorded as an acquisition at a price of $0 per unit and is held as a derivative security under direct ownership.
When do Rohit Lal’s 1,903 PAL restricted stock units vest?
The 1,903 restricted stock units vest on the date of Proficient Auto Logistics’ 2026 annual meeting of stockholders. Vesting means the units become earned, after which they can convert into common stock according to the terms described in the footnote.
How many PAL restricted stock units does Rohit Lal own after this grant?
After the grant, Rohit Lal directly owns 1,903 restricted stock units in Proficient Auto Logistics. The filing lists this as the total derivative securities held following the transaction, reflecting only this reported award at the time of the filing.
What is the conversion rate of Rohit Lal’s PAL restricted stock units to common stock?
Each restricted stock unit converts into one share of Proficient Auto Logistics common stock. The footnote specifies a one-for-one conversion ratio, meaning 1,903 units could become 1,903 common shares when the units vest under the award terms.
Was cash paid for Rohit Lal’s 1,903 PAL restricted stock units?
No cash was paid for this award; the transaction price is shown as $0 per restricted stock unit. This reflects that the units were granted as equity compensation rather than purchased in an open-market or cash transaction by the director.