Form 4: Former PANL Officer Exits Insider Reporting
Insider Ownership Change
Mark L. Filanowski, a former officer and director of Pangaea Logistics Solutions Ltd., filed an exit Form 4, indicating he is no longer subject to Section 16 reporting requirements.
Summary
- Mark L. Filanowski, identified as a former officer and director of Pangaea Logistics Solutions Ltd. (PANL), has filed an exit Form 4.
- This filing signifies that Filanowski is no longer subject to the reporting obligations under Section 16 of the Securities Exchange Act of 1934.
- Filanowski directly beneficially owns 500,679 Common Shares of Pangaea Logistics Solutions Ltd. with a $0.0001 par value.
- He indirectly beneficially owns 32,250 Common Shares through Steven Filanowski, 32,757 Common Shares through Helen Filanowski, and 2,000 Common Shares through Monica McNally (his wife).
Sentiment
Score: 5
Explanation: This is a neutral administrative filing indicating a change in reporting status for a former executive, with no direct positive or negative implications for the company's operations or financial health.
Future Outlook
N/A
Industry Context
N/A
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Officer and Director | Mark L. Filanowski | N/A | 01/05/2026 | Cessation of executive officer and director roles, leading to an exit filing. |
Stakeholder Impact
- Shareholders: Minor impact, as this filing clarifies the final beneficial ownership of a former executive and confirms their exit from insider reporting obligations.
Next Steps
- The reporting person, Mark L. Filanowski, is no longer subject to Section 16 reporting requirements for Pangaea Logistics Solutions Ltd.
Key Dates
| Date | Description |
|---|---|
| 01/05/2026 | Date of earliest transaction triggering the reporting requirement, likely the effective date of cessation of officer/director status. |
| 01/12/2026 | Signature date of the reporting person on the Form 4. |
Keywords
Pangaea Logistics Solutions, PANL, Form 4, SEC filing, insider ownership, beneficial ownership, executive departure, Mark L. Filanowski, Section 16
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