Allorto Richard T JR 4

What Happened

• Richard T. Allorto Jr., CFO and Treasurer of PennantPark Floating Rate Capital Ltd. (PFLT), reported an open-market purchase of 15,000 shares on 2026-03-11 at $8.15 per share, for a total transaction value of $122,250. This was a straight purchase (transaction code P), not an option exercise or award.

Key Details

• Transaction date: 2026-03-11; Form 4 filed: 2026-03-12 (timely).
• Price: $8.15 per share; Total value: $122,250.
• Transaction type: Open-market purchase (code P).
• Shares owned after transaction: Not specified in the provided filing.
• No footnotes or special plans (e.g., 10b5-1) were disclosed in the provided transaction details.

Context

• This was a direct purchase by an executive, which investors often view as a positive signal because it represents the insider buying company stock with personal funds. The amount is modest (~$122k) relative to many insider trades, and there is no indication of an exercise, gift, or tax-related withholding in this report.