Form 4: Pangaea Logistics Solutions COO Acquires and Disposes of Shares
SEC Form 4 Filing
Mads Rosenberg Boye Petersen, COO of Pangaea Logistics Solutions, reports acquiring and disposing of common shares on March 19, 2024.
Summary
- On March 19, 2024, Mads Rosenberg Boye Petersen, the Chief Operating Officer of Pangaea Logistics Solutions Ltd., engaged in transactions involving the company's common shares.
- Petersen acquired 32,281 common shares at $0.00 per share.
- Concurrently, Petersen disposed of 650,550 common shares.
- Following these transactions, Petersen directly owns 650,550 common shares.
- The restricted shares were issued under the Pangaea Logistics Solutions Ltd. 2014 Share Incentive Plan, as amended and restated on May 6, 2022.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 05/06/2022 | Pangaea Logistics Solutions Ltd. 2014 Share Incentive Plan amended and restated by the Board of Directors |
| 03/19/2024 | Date of transaction: acquisition of 32,281 shares and disposal of 650,550 shares |
| 03/21/2024 | Date of signature for the Form 4 filing |
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