Director at Proficient Auto (PAL) gains 10,295 RSUs, converts 9,481
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Proficient Auto Logistics director Steven F. Lux reported equity compensation activity. On May 7, 2026, he received a grant of 10,295 restricted stock units, which will vest on the date of the company’s 2027 annual stockholders’ meeting and convert into common stock on a one-for-one basis.
On May 6, 2026, 9,481 previously granted restricted stock units, originally awarded on August 15, 2025, vested and were converted into 9,481 shares of common stock. After these transactions, Lux directly owned 611,957 shares of common stock. All reported movements reflect grants and conversions, with no open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,481 shares exercised/converted
Mixed
3 txns
Insider
Lux Steven F
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 10,295 | $0.00 | -- |
| Exercise | Restricted Stock Units | 9,481 | $0.00 | -- |
| Exercise | Common Stock | 9,481 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 10,295 shares (Direct, null);
Common Stock — 611,957 shares (Direct, null)
Footnotes (1)
- On August 15, 2025, the Reporting Person was granted 9,481 restricted stock units that vested on May 6, 2026. These restricted stock units convert into common stock on a one-for-one basis. Represents restricted stock units that vest on the date of the Issuer's 2027 annual meeting of stockholders. These restricted stock units convert into common stock on a one-for-one basis.
Key Figures
New RSU grant: 10,295 restricted stock units
Vested RSUs converted: 9,481 restricted stock units
Common shares held after transactions: 611,957 shares
+2 more
5 metrics
New RSU grant
10,295 restricted stock units
Granted to Steven F. Lux on May 7, 2026
Vested RSUs converted
9,481 restricted stock units
Vested and converted to common stock on May 6, 2026
Common shares held after transactions
611,957 shares
Direct ownership after May 6, 2026 transaction
Original grant date for 9,481 RSUs
August 15, 2025
Prior RSU award later vested on May 6, 2026
Vesting for new 10,295 RSUs
2027 annual meeting date
RSUs vest at issuer’s 2027 annual stockholders’ meeting
Key Terms
Restricted Stock Units, derivative security, Form 4, one-for-one basis
4 terms
Restricted Stock Units financial
"On May 7, 2026, he received a grant of 10,295 restricted stock units"
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.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Form 4 regulatory
"The Form 4 lists no open-market purchases or sales by Steven F. Lux"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
one-for-one basis financial
"These restricted stock units convert into common stock on a one-for-one basis"
FAQ
What insider transactions did PAL director Steven F. Lux report on this Form 4?
Steven F. Lux reported equity compensation actions, including vesting of 9,481 restricted stock units into common stock and a new grant of 10,295 restricted stock units, all awarded at no cash exercise price as director compensation.
How many Proficient Auto Logistics (PAL) RSUs did Steven F. Lux receive?
Steven F. Lux received 10,295 restricted stock units. These units vest on the date of Proficient Auto Logistics’ 2027 annual stockholders’ meeting and convert into common stock on a one-for-one basis when they vest, increasing his equity-based compensation.
When did Steven F. Lux’s earlier PAL restricted stock units vest and convert?
A prior grant of 9,481 restricted stock units to Steven F. Lux vested on May 6, 2026. According to the filing, those units were granted on August 15, 2025 and converted into 9,481 shares of Proficient Auto Logistics common stock one-for-one at vesting.
Were there any open-market buys or sells by Steven F. Lux in this PAL Form 4?
The Form 4 lists no open-market purchases or sales by Steven F. Lux. All reported activity involves restricted stock unit grants and their conversion into common stock, with transaction codes indicating awards and derivative exercises rather than market trades.
What is the conversion ratio for Steven F. Lux’s PAL restricted stock units?
The restricted stock units held by Steven F. Lux convert into Proficient Auto Logistics common stock on a one-for-one basis. Each vested unit becomes one share of common stock, as specified in the footnotes describing both the 9,481-unit and 10,295-unit RSU awards.