PAL director exercises RSUs, receives new grant
Proficient Auto Logistics director James B. Gattoni reported equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Proficient Auto Logistics director James B. Gattoni reported equity compensation activity. On May 6, 2026, 9,135 restricted stock units converted into the same number of common shares, bringing his direct common stock holdings to 34,135 shares. On May 7, 2026, he received a new grant of 10,295 restricted stock units, which will vest on the date of the company’s 2027 annual meeting of stockholders and convert into common stock on a one-for-one basis.
Insider Trade Summary
9,135 shares exercised/converted
Exercise
3 txns
Insider
Gattoni James B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 10,295 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 9,135 | $0.00 | $0.00 |
| Exercise | Common Stock | 9,135 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 10,295 contracts (Direct);
Common Stock — 34,135 shares (Direct)
Footnotes (2)
- F1. On May 13, 2025, the Reporting Person was granted 9,135 restricted stock units that vested on May 6, 2026. These restricted stock units convert into common stock on a one-for-one basis.
- F2. 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
RSUs exercised: 9,135 units
Common stock held: 34,135 shares
New RSU grant: 10,295 units
+3 more
6 metrics
RSUs exercised
9,135 units
Converted into common stock on May 6, 2026
Common stock held
34,135 shares
Direct holdings after May 6, 2026 conversion
New RSU grant
10,295 units
Granted on May 7, 2026, vesting at 2027 annual meeting
Prior RSU grant
9,135 units
Granted May 13, 2025; vested May 6, 2026
Derivative exercises
1 transaction, 9,135 shares
Exercise or conversion of derivative security
Acquisition transactions
3 transactions
All coded as acquisitions (A or M) on Form 4
Key Terms
Restricted Stock Units, derivative security, Common Stock, annual meeting of stockholders
4 terms
Restricted Stock Units financial
"The Reporting Person was granted 9,135 restricted stock units that vested on May 6, 2026."
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.
Common Stock financial
"These restricted stock units convert into common stock on a one-for-one basis."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
annual meeting of stockholders financial
"Represents restricted stock units that vest on the date of the Issuer's 2027 annual meeting of stockholders."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did PAL director James B. Gattoni report on this Form 4?
James B. Gattoni reported two equity compensation events. He exercised 9,135 restricted stock units into common stock on May 6, 2026, then received a grant of 10,295 new restricted stock units on May 7, 2026, both as direct holdings in Proficient Auto Logistics.
What are the terms of the 10,295 restricted stock units granted to PAL director Gattoni?
Gattoni received 10,295 restricted stock units on May 7, 2026. These units vest on the date of Proficient Auto Logistics’ 2027 annual meeting of stockholders and convert into common stock on a one-for-one basis, effectively granting an equal number of potential future PAL shares.
How did earlier restricted stock units for PAL director Gattoni vest and convert?
Footnotes state Gattoni was granted 9,135 restricted stock units on May 13, 2025, which vested on May 6, 2026. Those vested units converted into 9,135 common shares on a one-for-one basis, matching the derivative exercise and increasing his direct PAL common stock holdings.
Does this PAL Form 4 show any stock sales by director James B. Gattoni?
The Form 4 shows no open-market stock sales or dispositions by Gattoni. All reported transactions are acquisitions through restricted stock unit grants and the conversion of previously granted units into common stock, reflecting routine equity compensation rather than selling activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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