ROSENFELD ERIC 4

What Happened
Eric Rosenfeld, a director of Pangaea Logistics Solutions Ltd. (PANL), was issued/acquired 14,151 shares on 2026-02-18 at $8.48 per share, for a total value of approximately $120,000. The transaction is reported as an award/grant (Form 4 transaction code A) and was filed with the SEC on 2026-02-26.

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-26 (8 days after the transaction) — appears late relative to the usual two-business-day Form 4 deadline.
• Type/code: Award/Grant (A)
• Shares acquired: 14,151 at $8.48 per share; total ~ $120,000
• Shares owned after transaction: Not specified in the filing excerpt provided.
• Footnote: F1 — The shares were unrestricted and issued pursuant to the Pangaea Logistics Solutions Ltd. 2024 Share Incentive Plan (as amended and restated May 7, 2024).

Context
This was an equity award (compensation/retainer) rather than an open-market purchase; such grants are common for directors and do not necessarily indicate the same insider buying conviction as a cash purchase. The filing does not indicate any immediate sale of the shares.