Proficient Auto Logistics, Inc·4

Mar 20, 4:15 PM ET

Lux Steven F 4

Research Summary

AI-generated summary

Updated

Proficient Auto Logistics (PAL) Director Steven F. Lux Receives Award

What Happened
Steven F. Lux, a director of Proficient Auto Logistics, was granted 9,481 restricted stock units (RSUs) on August 15, 2025. The award was reported as a derivative grant with an acquisition price of $0.00, meaning no cash was paid at grant. These RSUs convert into common stock on a one-for-one basis when they vest.

Key Details

  • Transaction date: 2025-08-15 (reported on Form 4 filed 2026-03-20).
  • Transaction type: Award/Grant (code A) — 9,481 RSUs @ $0.00 (derivative).
  • Footnote: RSUs vest on the date of the issuer's 2026 annual meeting and convert one-for-one into common stock (F1).
  • Shares owned after transaction: Not specified in the provided filing.
  • Timeliness: The Form 4 was filed on 2026-03-20 for a transaction dated 2025-08-15, which is late relative to the standard two-business-day Form 4 reporting requirement.

Context
RSUs are a form of equity compensation that do not require an up-front cash purchase; they convert to actual shares only upon vesting. Awards like this are common for compensation and do not by themselves indicate buying or selling sentiment. Because this filing was reported months after the grant date, investors should note the late filing when assessing timeliness of insider disclosures.