DelSignore Gianni 4

What Happened Gianni DelSignore, Chief Financial Officer of Pangaea Logistics Solutions Ltd. (PANL), was granted two restricted stock awards on March 25, 2026 — each for 12,794 shares — for a total of 25,588 shares. Both grants were reported at $0.00 per share (award price), meaning these were equity awards rather than open-market purchases or sales. The awards were issued pursuant to the Pangaea Logistics Solutions Ltd. 2024 Share Incentive Plan (as amended May 7, 2024).

Key Details

• Transaction date: 2026-03-25; Filing date: 2026-03-26 (timely filing).
• Grants: Two awards of 12,794 shares each (total 25,588 shares), reported at $0.00 per share.
• Footnotes:
  • F1: One award is a restricted stock award that vests in equal annual installments over three years, subject to continued service.
  • F2: The other is a performance-based restricted stock award at target; actual payout may range from 0% to 150% of target based on performance.
• Shares owned after the transaction: not specified in the filing.
• Issuance was under the company’s 2024 Share Incentive Plan (amended and restated May 7, 2024).

Context These entries are awards (granting of restricted shares), not market purchases or sales. Time‑based restricted stock vests over a multi-year schedule, and performance-based awards depend on future company metrics — both can convert into ordinary shares if vesting conditions are met. Such grants are common for executive compensation and do not, by themselves, indicate buying or selling sentiment.