Form 4: PAMT Corp Director Vitiritto Reports Tax Obligation Share Withholding
SEC Form 4 Filing
Joseph A. Vitiritto, a director and CEO of PAMT Corp, reports the withholding of 2,376 common stock shares to cover tax obligations related to vesting restricted stock.
Summary
- On February 9, 2025, Joseph A. Vitiritto, Director, President, and CEO of PAMT Corp, had 2,376 shares of common stock withheld by the issuer to satisfy tax obligations.
- This withholding was related to the vesting of a portion of two previously reported awards of restricted stock.
- The price per share for the transaction was $15.65.
- Following the transaction, Vitiritto directly owns 184,842 shares of PAMT Corp common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (tax withholding) related to executive compensation. It's neutral to slightly positive as it indicates the executive is receiving equity compensation.
Industry Context
This is a standard Form 4 filing, reflecting insider transactions related to equity compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders, as it is a routine tax withholding related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/09/2025 | Date of transaction: Shares withheld for tax obligations. |
| 02/12/2025 | Date of signature on the report. |
Keywords
Form 4, Beneficial Ownership, PAMT Corp, Vitiritto, Tax Withholding, Restricted Stock, Director, CEO
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.