Schraudenbach John 4
Research Summary
AI-generated summary
Proficient Auto Logistics Director John Schraudenbach Receives Award
What Happened
John Schraudenbach, a director of Proficient Auto Logistics, reported the conversion/vesting of 9,135 restricted stock units (RSUs) into common shares on May 6, 2026 (reported as a derivative exercise/conversion at $0.00). On May 7, 2026 he was granted an award of 10,295 RSUs (reported as an acquisition of a derivative) that vest on the date of the issuer’s 2027 annual meeting. No cash was paid for the converted RSUs (exercise price $0.00).
Key Details
- Transaction dates and types: May 6, 2026 — conversion/vesting of 9,135 RSUs into shares (reported as M, $0.00); May 7, 2026 — grant of 10,295 RSUs (reported as A, $0.00).
- Report filing: Form 4 filed May 15, 2026 for a May 6 transaction — appears to be filed late (Form 4s are normally due within 2 business days).
- Shares owned after transaction: not specified in the supplied filing details.
- Footnotes: F1 — the 9,135 RSUs were granted May 13, 2025 and vested May 6, 2026; they convert 1-for-1 into common stock. F2 — the 10,295 RSUs vest at the issuer’s 2027 annual meeting and convert 1-for-1 into common stock.
Context
These entries reflect routine compensation/vesting activity (RSU vesting and a new RSU grant), not an open-market purchase or sale. The conversion/vesting involved no cash consideration and does not, by itself, necessarily indicate a change in the director’s market view of the company.