Proficient Auto grants 27,248 RSUs to senior VP
Proficient Auto Logistics, Inc (PAL) reported that officer Adam Jeffrey Smith, Senior VP of Administration, received a grant of 27,248 Restricted Stock Units (RSUs) on August 11, 2026.
Rhea-AI Filing Summary
Proficient Auto Logistics, Inc (PAL) reported that officer Adam Jeffrey Smith, Senior VP of Administration, received a grant of 27,248 Restricted Stock Units (RSUs) on August 11, 2026. These RSUs vest on August 11, 2028 and convert into common stock on a one-to-one basis, giving him 27,248 RSUs held directly after the award.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 27,248 shares
Grant/Award
1 txn
Insider
Smith Adam Jeffrey
Role
Senior VP of Administration
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1 | 27,248 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 27,248 contracts (Direct)
Footnotes (1)
- F1. Represents restricted stock units that vest on August 11, 2028. These restricted stock units convert into common stock on a one-to-one basis.
Key Figures
Restricted Stock Units granted: 27,248 units
Price per RSU: $0.00
Underlying common stock: 27,248 shares
+2 more
5 metrics
Restricted Stock Units granted
27,248 units
RSU award to Senior VP of Administration on August 11, 2026
Price per RSU
$0.00
Reported grant price per restricted stock unit
Underlying common stock
27,248 shares
RSUs convert into PAL common stock on a one-to-one basis
Holdings after transaction
27,248 units
Total restricted stock units directly held by Adam Jeffrey Smith after the grant
RSU vesting date
August 11, 2028
Date when the 27,248 RSUs vest
Key Terms
Restricted Stock Units, vest, one-to-one basis
3 terms
Restricted Stock Units financial
"Represents restricted stock units that vest on August 11, 2028."
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
"Represents restricted stock units that vest on August 11, 2028."
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-to-one basis financial
"These restricted stock units convert into common stock on a one-to-one basis."
FAQ
What insider transaction did PAL report for Adam Jeffrey Smith?
PAL reported that Adam Jeffrey Smith, Senior VP of Administration, received a grant of 27,248 Restricted Stock Units on August 11, 2026, as a compensation-related award, reported at $0.00 per unit as customary for RSU grants.
When do the 27,248 RSUs granted to Adam Jeffrey Smith at PAL vest?
The 27,248 RSUs granted to Adam Jeffrey Smith vest on August 11, 2028. Upon vesting, each restricted stock unit converts into one share of PAL common stock, subject to the award’s terms and conditions.
What is Adam Jeffrey Smith’s PAL equity position after this RSU transaction?
After the reported transaction, Adam Jeffrey Smith directly holds 27,248 Restricted Stock Units. These units represent a contingent right to receive an equal number of PAL common shares if and when the units vest on August 11, 2028.
Was the PAL Form 4 transaction a purchase or sale in the market?
No. The Form 4 reports a grant of 27,248 Restricted Stock Units to Adam Jeffrey Smith, categorized as a grant, award, or other acquisition, not an open-market purchase or sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.