Vogel Gary 4

What Happened Gary Vogel, a director of Pangaea Logistics Solutions Ltd. (PANL), was issued 14,151 shares on 2026-02-18 at an effective price of $8.48 per share, a total value of approximately $120,000. This transaction is an award/acquisition (Form 4 code A) rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-02-18; 14,151 shares at $8.48/share (≈ $120,000 total).
• Filing date: 2026-02-20 — filed within the typical two-business-day window (timely).
• Shares owned after transaction: Not specified in the filing.
• Footnote: F1 states these were unrestricted shares issued under the Pangaea Logistics Ltd. 2024 Share Incentive Plan (as amended May 7, 2024).
• Transaction type: Award/Grant (code A); not a sale, purchase in the open market, or option exercise.

Context This was a compensation/award issuance to a director, not a market purchase or sale; the filing notes the shares are unrestricted, meaning they are not subject to transfer restrictions described in the footnote. Awards are common for board service or retention and do not necessarily indicate personal trading sentiment.