Pangaea Logistics (PANL) CFO receives time- and performance-based share awards

Rhea-AI Filing Summary

DelSignore Gianni reported acquisition or exercise transactions in this Form 4 filing.

Pangaea Logistics Solutions Ltd. Chief Financial Officer Gianni DelSignore reported two stock awards of common shares. On March 25, 2026, he was granted 12,794 restricted shares that vest in equal annual installments over three years, subject to continued service, and a further 12,794 performance-based restricted shares at target, with the actual number earned ranging from 0% to 150% of that target based on specified performance criteria. Following these compensation awards, he directly holds 404,256 common shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider DelSignore Gianni

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Share $0.0001 Par Value	12,794	$0.00	--
Grant/Award	Common Share $0.0001 Par Value	12,794	$0.00	--

Holdings After Transaction: Common Share $0.0001 Par Value — 391,462 shares (Direct)

Footnotes (1)

1. Represents restricted stock award that vest in equal annual installments over three years, subject to the reporting person's continued service. Represents a performance-based restricted stock award at target. The number of shares that may be earned ranges from 0% to 150% of the target amount based on the achievement of specified performance criteria.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DelSignore Gianni

(Last) (First) (Middle)

109 LONG WHARF

(Street)

NEWPORT RHODE ISLAND 02840

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Pangaea Logistics Solutions Ltd. [ PANL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Share $0.0001 Par Value	03/25/2026		A(1)	V	12,794	A	$0	391,462	D
Common Share $0.0001 Par Value	03/25/2026		A(2)		12,794	A	$0	404,256	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock award that vest in equal annual installments over three years, subject to the reporting person's continued service.

2. Represents a performance-based restricted stock award at target. The number of shares that may be earned ranges from 0% to 150% of the target amount based on the achievement of specified performance criteria.

Remarks:

The shares were issued pursuant to the Pangaea Logistics Solutions Ltd. 2024 Share Incentive Plan (as amended and restated by the Board of Directors on May 7, 2024).

	/s/ Gianni Del Signore	03/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did PANL CFO Gianni DelSignore report on this Form 4?

PANL CFO Gianni DelSignore reported receiving two stock awards. He was granted time-based restricted shares and performance-based restricted shares of Pangaea Logistics common stock as equity compensation, rather than buying shares in the open market.

How many Pangaea Logistics (PANL) shares were granted to the CFO?

Gianni DelSignore was granted 12,794 time-based restricted shares and 12,794 performance-based restricted shares at target, totaling 25,588 shares. The performance award can ultimately pay out from 0% to 150% of the target amount.

Are the new PANL restricted stock awards to the CFO subject to vesting conditions?

Yes. One award of 12,794 restricted shares vests in equal annual installments over three years, conditioned on continued service. The second award vests based on achieving specified performance criteria, with potential payout ranging from 0% to 150% of target.

Did the PANL CFO buy or sell any shares in the market in this Form 4?

No market purchases or sales were reported. The Form 4 shows equity compensation grants coded as “A” for awards, with a transaction price of $0.0000 per share, indicating stock awards rather than open-market trading activity.

How many Pangaea Logistics (PANL) shares does the CFO own after these awards?

After the reported stock awards, Gianni DelSignore directly owns 404,256 common shares of Pangaea Logistics. This total reflects his updated direct ownership position following receipt of both the time-based and performance-based restricted stock grants.