Beachy Karen H 4

What Happened

• Karen H. Beachy, a director of Pangaea Logistics Solutions Ltd. (PANL), was granted 14,151 shares on 2026-02-18 at an imputed price of $8.48 per share, a total value of $120,000. This transaction is recorded as an award/grant (transaction code A), i.e., compensation rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-02-18; 14,151 shares at $8.48 per share (total $120,000).
• Filing date: 2026-02-20 (Form 4 filed within the standard reporting window; not marked late).
• Shares owned after transaction: not specified in the provided filing.
• Footnote: Shares were issued pursuant to the Pangaea Logistics Solutions Ltd. 2024 Share Incentive Plan (as amended and restated by the Board on May 7, 2024).

Context

• This was an equity award (compensation) to a director under the company’s incentive plan, not a purchase or sale in the open market. Such grants are common for director compensation and do not by themselves indicate buying or selling intent.