Transaction overview
Gianni DelSignore, the chief financial officer of Pangaea Logistics Solutions LTD (NASDAQ: PANL), completed a sale of 23,779 shares of the company’s common stock on March 18 and 19, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The transaction prices ranged from $6.96 to $7.05 per share, producing a weighted average price of $6.99 and net proceeds of approximately $166,215.
Market context and ownership after sale
At the time of reporting, Pangaea’s shares are trading at $6.78, down from the prior day’s close of $6.99. The company’s stock has, however, returned 33% over the previous 12 months. After this disposition, DelSignore is listed as the direct owner of 378,668 shares of Pangaea Logistics Solutions LTD.
Reason for the sale
The Form 4 filing indicates the sale was executed to satisfy tax withholding obligations connected to the vesting of restricted stock units (RSUs). No other reasons for the sale are cited in the filing.
Valuation note
InvestingPro’s analysis, as noted in the filing report, rates PANL as undervalued at current market levels with a Fair Value estimate of $7.92. Investors seeking a deeper review are directed to the Pro Research Report, which is available for PANL along with more than 1,400 U.S. equities.
Recent quarterly results
Pangaea Logistics Solutions released fourth-quarter 2025 financials that presented mixed signals. The company reported earnings per share of $0.16 versus an expected $0.22, representing a 27.27% negative surprise to consensus. Conversely, revenue came in at $183.88 million, ahead of a $146.68 million forecast, a 25.36% positive surprise.
Investor responses to the quarterly release were uneven, reflecting the tension between strong top-line performance and the EPS shortfall. The company’s results have not prompted any analyst upgrades or downgrades, according to the report.
Bottom line
The CFO’s sale, attributed to RSU tax withholding, coincides with mixed operational results for Pangaea in Q4 2025. The stock’s current trading level remains below InvestingPro’s stated Fair Value, while company financials show revenue strength alongside profitability pressures reflected in the EPS miss.