Leand Paul M. Jr. 4

What Happened Leand Paul M. Jr., a director of Pangaea Logistics Solutions Ltd. (PANL), received a grant of 14,151 shares on 2026-02-18. The shares were issued at a reported price of $8.48 per share, for a total value of approximately $120,000. This transaction is reported as an award/grant (transaction code A) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-18; filing date: 2026-02-20 (appears timely under Form 4 rules).
• Shares issued: 14,151; reported price per share: $8.48; reported value: ~$120,000.
• Shares owned after transaction: not specified in the provided summary (see the full Form 4 for current holdings).
• Footnote: Shares were issued pursuant to the Pangaea Logistics Solutions Ltd. 2024 Share Incentive Plan (as amended and restated May 7, 2024).
• Transaction code: A (award/grant). No 10b5-1, tax withholding, cashless exercise, or late-filing flags noted in the summary provided.

Context This was an equity award under the company's incentive plan—common for director compensation or retention—and should be viewed as a grant/compensation event rather than an open-market buy (which some investors treat as a stronger bullish signal). For full details on post-transaction holdings or plan terms, review the complete Form 4 filing (Accession: 0001628280-26-010363).