PAMT director shifts 3.27M shares to trust
PAMT director and major holder shifted 3.27 million shares from direct ownership into a family trust with no net change in total reported holdings.
Rhea-AI Filing Summary
PAMT CORP (PAMT) director and ten percent owner Matthew T. Moroun reported re-allocating 3,268,000 shares of common stock on September 3, 2026. He sold these shares at $9.555 per share from his direct holdings, reducing his direct stake to 0 shares, while an equal number were acquired as an indirect holding through the 2020 Lindsay S. Moroun Trust, where he serves as trustee. Additional indirect positions remain through the 2020 Agnes Moroun Trust and shares held by his son, with beneficial ownership of the son's shares disclaimed except for any pecuniary interest. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
MOROUN MATTHEW T
Role
Director, 10% Owner
Bought
3,268,000 shs ($31.23M)
Sold
3,268,000 shs ($31.23M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 3,268,000 | $9.555 | $31.23M |
| Purchase | Common Stock F1 | 3,268,000 | $9.555 | $31.23M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct);
Common Stock — 15,695,848 shares (Indirect, By Lindsay S. Moroun Trust);
Common Stock — 306,048 shares (Indirect, By 2020 Agnes Moroun Trust);
Common Stock — 6,011 shares (Indirect, By Son)
Footnotes (2)
- F1. On September 3, 2026, the reporting person sold 3,268,000 shares of the Issuer's common stock, individually, to the 2020 Lindsay Moroun Trust in a privately negotiated transaction. These 3,268,000 shares were previously distributed to the reporting person by the Moroun Grantor Trust and were reported as indirectly beneficially owned by the Moroun Grantor Trust in the reporting person's prior reports. The reporting person serves as trustee of the 2020 Lindsay Moroun Trust and the Moroun Grantor Trust. As of this report, the Moroun Grantor Trust no longer beneficially owns any shares of the Issuer's common stock.
- F2. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares.
Key Figures
Shares sold directly: 3,268,000 shares
Sale price per share: $9.555 per share
Shares purchased indirectly: 3,268,000 shares
+4 more
7 metrics
Shares sold directly
3,268,000 shares
Common stock sold by Matthew T. Moroun on September 3, 2026
Sale price per share
$9.555 per share
Price for 3,268,000 PAMT common shares on September 3, 2026
Shares purchased indirectly
3,268,000 shares
Common stock acquired indirectly via 2020 Lindsay S. Moroun Trust
Direct holdings after transaction
0 shares
Direct ownership of PAMT common stock following the reported sale
Indirect holdings via 2020 Lindsay S. Moroun Trust
15,695,848 shares
PAMT common stock indirectly held after the September 3, 2026 transaction
Indirect holdings via 2020 Agnes Moroun Trust
306,048 shares
PAMT common stock indirectly held through the 2020 Agnes Moroun Trust
Shares held by son
6,011 shares
Indirectly reported PAMT shares held by son, with beneficial ownership disclaimed except for pecuniary interest
Key Terms
privately negotiated transaction, indirectly beneficially owned, beneficial ownership, pecuniary interest, +1 more
5 terms
privately negotiated transaction financial
"sold 3,268,000 shares ... in a privately negotiated transaction"
A privately negotiated transaction is a deal whose terms are worked out directly between a buyer and a seller rather than through a public market or open auction. Think of it like selling a car to a neighbor instead of putting it on eBay: the price, timing and conditions are agreed one-on-one, so investors may see less public information, different pricing compared with market trades, and potential impacts on liquidity and valuation.
indirectly beneficially owned financial
"were reported as indirectly beneficially owned by the Moroun Grantor Trust"
beneficial ownership financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary"
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.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary"
trustee financial
"The reporting person serves as trustee of the 2020 Lindsay Moroun Trust"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PAMT insider Matthew T. Moroun report in this Form 4 for PAMT?
He reported selling 3,268,000 shares of PAMT common stock at $9.555 per share from direct ownership and an equal 3,268,000-share purchase as an indirect holding through the 2020 Lindsay S. Moroun Trust on September 3, 2026.
Were the PAMT transactions done under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported for these September 3, 2026 transactions in PAMT common stock.
What is the relationship between the trusts and the PAMT insider in this Form 4?
The filing states that Matthew T. Moroun serves as trustee of the 2020 Lindsay Moroun Trust and the Moroun Grantor Trust. The 3,268,000 transferred shares were previously held indirectly via the Moroun Grantor Trust, which, as of this report, no longer beneficially owns any PAMT shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
