Form 4: Proficient Auto Logistics Director Schraudenbach Acquires and Disposes of Shares
SEC Form 4 Filing
Director John Schraudenbach reports acquisition and disposal of Proficient Auto Logistics (PAL) common stock and restricted stock units on May 13, 2024.
Summary
- On May 13, 2024, John Schraudenbach, a director of Proficient Auto Logistics, Inc. (PAL), acquired 10,000 shares of common stock at $15 per share.
- Simultaneously, Schraudenbach disposed of 10,000 shares of common stock.
- Schraudenbach also acquired 5,000 restricted stock units (RSUs) that vest on May 13, 2025, and convert into common stock on a one-for-one basis.
- Following these transactions, Schraudenbach beneficially owns 5,000 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the trading activities of company directors. It's common practice for directors to receive and trade company stock and RSUs.
Stakeholder Impact
- Shareholders are informed about the director's stock transactions, providing transparency.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of transaction: Acquisition and disposal of common stock and restricted stock units. |
| 05/13/2025 | Vesting date for 5,000 restricted stock units. |
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