Petersen Mads Rosenber Boye 4

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.