Form 4: Proficient Auto Logistics CFO Bradley J. Wright Reports Stock Transactions
SEC Form 4 Filing
Chief Financial Officer Bradley J. Wright of Proficient Auto Logistics, Inc. reports the acquisition and disposal of common stock, as well as the acquisition of restricted stock units.
Summary
- On May 13, 2024, Bradley J. Wright, the CFO of Proficient Auto Logistics, Inc., filed a Form 4.
- Wright acquired 4,000 shares of common stock at $15 per share.
- Wright also acquired 1,332 shares indirectly through a UTMA account for his grandchildren and 933 shares indirectly through his spouse, both at $15 per share.
- Additionally, Wright acquired 88,333 restricted stock units that vest in equal installments on May 13, 2025, 2026, and 2027, and convert into common stock on a one-to-one basis.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by a company executive, with neutral sentiment.
Future Outlook
The restricted stock units vest in equal installments on May 13, 2025, 2026 and 2027.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of earliest transaction and filing of Form 4; acquisition and disposal of common stock and acquisition of restricted stock units. |
| 05/13/2025 | First vesting date for restricted stock units. |
| 05/13/2026 | Second vesting date for restricted stock units. |
| 05/13/2027 | Final vesting date for restricted stock units. |
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