MCLARTY FRANKLIN 4

What Happened

• Franklin McLarty (listed on the Form 4 as MCLARTY FRANKLIN), a director of PAMT CORP (PAMT), was granted 484 shares of common stock on May 8, 2026.
• The award is recorded at $10.32 per share for a total value of $4,995. This was an award/compensation grant (not a purchase or sale).

Key Details

• Transaction date: 2026-05-08; Price per share: $10.32; Shares granted: 484; Total value: $4,995.
• Footnote: Award of common stock as part of annual retainer for non-employee directors (routine director compensation).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing: Form 4 was filed on 2026-05-12 (four days after the transaction); Form 4s are generally due within two business days, so this appears to have been filed late, which can delay public disclosure of insider activity.

Context

• This was a compensation award to a non-employee director as part of an annual retainer—common practice and not the same signal as an open-market purchase by an insider.
• Because it’s a grant for services, it should be interpreted as routine director compensation rather than a direct indicator of the director’s view on the company’s stock.