Schildt Daniel 4

What Happened

• Daniel Schildt, Chief Strategy Officer of Pangaea Logistics Solutions Ltd. (PANL), was granted two restricted stock awards on 2026-03-25: two awards of 10,284 shares each, for a total of 20,568 shares. The Form 4 reports $0.00 paid for these acquisitions (code A — award/grant).

Key Details

• Transaction date: 2026-03-25; Form 4 filed: 2026-03-26 (timely filing).
• Price per share reported on the Form 4: $0.00; total cash paid: $0.
• Awards issued under the Pangaea Logistics Ltd. 2024 Share Incentive Plan (as amended May 7, 2024).
• Footnote F1: One award is a time-based restricted stock grant that vests in equal annual installments over three years, subject to continued service.
• Footnote F2: The other is a performance-based restricted stock award at target; actual shares earned may range from 0% to 150% of target depending on achievement of specified performance criteria.
• Shares owned after the reported transaction are not specified in the information provided.

Context

• These transactions are compensation awards, not open-market purchases or sales. Restricted and performance-based awards commonly have vesting or performance conditions that limit immediate sale or transfer.
• Such awards are routine executive compensation and do not, by themselves, indicate insider buying or selling sentiment.