Petersen Mads Rosenber Boye 4
4 · Pangaea Logistics Solutions Ltd. · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
Pangaea (PANL) CEO Petersen Receives 47,420-Share Award
What Happened Petersen Mads Rosenber Boye, CEO of Pangaea Logistics Solutions Ltd. (PANL), was granted two restricted stock awards on 2026-03-25 (transaction code A). Each award was for 23,710 shares (23,710 + 23,710 = 47,420 shares total). The awards were issued at $0.00 per share (grant/award — no cash paid).
Key Details
- Transaction date: 2026-03-25 (Form 4 filed 2026-03-26). No late filing indicated.
- Grants: Two awards of 23,710 shares each; total 47,420 shares. Price: $0.00 (award).
- Shares owned after transaction: Not specified in this Form 4.
- Footnotes:
- F1 — One award is restricted stock vesting in equal annual installments over three years, subject to continued service.
- F2 — One award is a performance-based restricted stock award at target; payout may range from 0% to 150% of target depending on performance.
- Plan: Shares issued under the Pangaea Logistics Ltd. 2024 Share Incentive Plan (amended May 7, 2024).
Context These grants are compensation awards (restricted and performance-based), not open-market purchases or sales. Restricted shares vest over time and performance awards depend on future metrics, so they do not necessarily signal an immediate insider view on the stock. Transaction code A indicates an award/grant rather than a purchase or sale.
Insider Transaction Report
- Award
Common Share $0.0001 Par Value
[F1]2026-03-25+23,710→ 703,726 total - Award
Common Share $0.0001 Par Value
[F2]2026-03-25+23,710→ 727,436 total
Footnotes (2)
- [F1]Represents restricted stock award that vest in equal annual installments over three years, subject to the reporting person's continued service.
- [F2]Represents a performance-based restricted stock award at target. The number of shares that may be earned ranges from 0% to 150% of the target amount based on the achievement of specified performance criteria.