Form 4: Proficient Auto Logistics Director Gattoni Reports Stock Transactions
SEC Form 4 Filing
Director James B. Gattoni reports acquisition and disposal of common stock and restricted stock units in Proficient Auto Logistics.
Summary
- On May 13, 2025, Director James B. Gattoni reported transactions involving Proficient Auto Logistics, Inc. [PAL] securities.
- Gattoni disposed of 5,000 shares of common stock.
- Gattoni also acquired 9,135 restricted stock units (RSUs) that vest on the date of the Issuer's 2026 annual meeting of stockholders.
- These RSUs convert into common stock on a one-for-one basis.
- Following these transactions, Gattoni directly owns 9,135 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Future Outlook
The document indicates future vesting of restricted stock units in 2026.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's common for directors and officers to receive stock-based compensation, and their transactions are closely watched by investors.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Reporting Person was granted 5,000 restricted stock units that vested on May 13, 2025. |
| 05/13/2025 | Date of transaction: disposal of 5,000 shares of common stock and acquisition of 9,135 restricted stock units. |
| 2026 annual meeting of stockholders | Date when 9,135 restricted stock units vest. |
| 05/14/2025 | Date of signature. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, PAL, Proficient Auto Logistics, Gattoni, Director, Securities
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