STEWART LANCE 4

What Happened
Lance Stewart, President, CEO and director of PAMT Corp (PAMT), had 11,354 shares withheld by the issuer to satisfy tax obligations tied to the vesting of restricted stock. The shares were valued at $12.03 each, for a total of approximately $136,589. This was a withholding to cover tax liability (Form 4 code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-09; Filing date (Form 4): 2026-02-11 (filed within the typical 2-business-day window).
• Disposition: 11,354 shares withheld at $12.03 per share; total value ~$136,589. (Transaction code F = tax withholding.)
• Footnote: Withheld shares satisfied the reporting person's tax obligation in connection with the vesting of a portion of three previously reported restricted stock awards.
• Shares owned after transaction: not specified in the provided excerpt — see the full Form 4 for post-transaction holdings.
• Filing timeliness: appears timely (filed two days after the transaction).

Context
Tax-withholding via share retention is a common, administrative step when restricted stock vests. It represents the company retaining shares to cover the insider’s tax bill and should not be interpreted as a discretionary sale indicating the insider’s market view.