PAL (PAL) CFO Wright exercises 29,444 RSUs and buys 3,800 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Proficient Auto Logistics Chief Financial Officer Bradley J. Wright reported multiple equity transactions in Proficient Auto Logistics, Inc. common stock. He exercised 29,444 restricted stock units at a conversion price of $0.00 per unit, increasing his direct common stock holdings to 62,888 shares, while 29,445 restricted stock units remained outstanding.
On May 15, 2026, he made open-market purchases of 3,132 directly held shares and 668 shares through a UTMA account for his grandchildren at a weighted average price of about $5.15 per share, within a $5.15–$5.16 range. After these trades, he held 66,020 shares directly and 2,002 shares indirectly, which include spouse and UTMA holdings. He disclaims beneficial ownership of the UTMA shares except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,800 shares ($19,570)
Net Buy
5 txns
Insider
Wright Bradley J.
Role
Chief Financial Officer
Bought
3,800 shs ($20K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 3,132 | $5.15 | $16K |
| Purchase | Common Stock | 668 | $5.15 | $3K |
| Exercise | Restricted Stock Units | 29,444 | $0.00 | -- |
| Exercise | Common Stock | 29,444 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 66,020 shares (Direct, null);
Common Stock — 2,002 shares (Indirect, See footnote);
Restricted Stock Units — 29,445 shares (Direct, null)
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $5.15 to $5.16, inclusive. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price. This transaction involved the purchase of securities by the Reporting Person through a UTMA account for the benefit of the Reporting Person's grandchildren, for which the Reporting Person serves as custodian. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. Represents shares held by the Reporting Person's spouse. On May 13, 2024, the Reporting Person was granted 88,333 restricted stock units that vest in equal installments on each of May 13, 2025, 2026 and 2027. These restricted stock units convert into common stock on a one-to-one basis.
Key Figures
Open-market purchases: 3,800 shares
Direct purchase: 3,132 shares at $5.15
UTMA account purchase: 668 shares at ~$5.15
+5 more
8 metrics
Open-market purchases
3,800 shares
Common Stock bought on May 15, 2026
Direct purchase
3,132 shares at $5.15
Directly held Common Stock, May 15, 2026
UTMA account purchase
668 shares at ~$5.15
UTMA account for grandchildren, May 15, 2026
RSUs converted
29,444 units at $0.00
Restricted Stock Units converted to Common Stock, May 13, 2026
Direct shares after trades
66,020 shares
Direct Common Stock holdings following May 15, 2026 purchases
Indirect shares after trades
2,002 shares
Indirect Common Stock holdings after May 15, 2026, including spouse and UTMA
RSUs remaining
29,445 units
Restricted Stock Units outstanding after May 13, 2026 conversion
Original RSU grant
88,333 units
Grant on May 13, 2024, vesting 2025–2027
Key Terms
open-market purchase, Restricted Stock Units, UTMA account, pecuniary interest, +2 more
6 terms
open-market purchase financial
"transaction_action: open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Restricted Stock Units financial
"security_title: 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.
UTMA account financial
"purchase of securities by the Reporting Person through a UTMA account"
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"
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.
beneficial ownership financial
"shall not be deemed an admission of beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transactions did PAL CFO Bradley J. Wright report on this Form 4?
Bradley J. Wright reported exercising restricted stock units and buying shares. He converted 29,444 restricted stock units into common stock and made open-market purchases totaling 3,800 shares, split between directly held shares and a UTMA account for his grandchildren.
How did the restricted stock units affect PAL CFO Bradley Wright’s holdings?
Restricted stock units increased his directly held PAL shares. He converted 29,444 restricted stock units into common stock at a $0.00 conversion price, bringing his direct common stock holdings to 62,888 shares, while 29,445 restricted stock units remained unconverted after the transaction.