Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
This is the complete answer, not a partial one — the list is never padded.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Lance Stewart | $440,590 | $150,000 | $1,537,000 | $0 | $0 | $0 | $0 | $2,127,590 |
| President and Chief Executive Officer | ||||||||
| Joesph Vitiritto | 338,240 | 10,000 | 523,250 | 0 | 0 | 0 | 160,000 | 1,031,490 |
| Former President and Chief Executive Officer | ||||||||
| Daniel Kleine | 221,510 | 75,000 | 0 | 0 | 0 | 0 | 0 | 296,510 |
| Senior Vice President of Finance and Treasurer | ||||||||
| Matthew Moroun | 0 | 0 | 0 | 0 | 0 | 0 | 105,000 | 105,000 |
| Chairman of the Board of Directors, Interim President and Chief Executive Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Lance Stewart | $2,127,590 | — | — | — |
| Joesph Vitiritto | 1,031,490 | — | — | — |
| Daniel Kleine | 296,510 | — | — | — |
| Matthew Moroun | 105,000 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Lance Stewart | RSU | 2025-01-27 | — | — | 20,000 | — | $322,000 |
| Lance Stewart | RSU | 2025-08-04 | — | — | 100,000 | — | 1,215,000 |
| Joesph Vitiritto | RSU | 2025-01-27 | — | — | 32,500 | — | 523,250 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Lance Stewart | $1,537,000 | $0 | $0 | 0.0% |
| Joesph Vitiritto | 523,250 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Lance Stewart | RSU | 100,000 | — | $1,208,000 |
| Lance Stewart | RSU | 20,000 | — | 241,600 |
| Lance Stewart | RSU | 1,210 | — | 14,617 |
| Lance Stewart | RSU | 648 | — | 7,828 |
Executive compensation programs are designed to retain talented executives, motivate them to achieve superior results and align the interests of our officers with those of our shareholders. Compensation is primarily based upon the judgment of our Board of Directors and the Compensation Committee, considering competitive market compensation paid by other companies, including truckload dry van carriers and other trucking companies.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-04-30 | 19,146,400 | 247,974 | 104,869 | 98.72% | Passed |
| 2023 | 2023-04-27 | 19,558,216 | 132,272 | 80,245 | 99.33% | Passed |
| 2020 | 2020-04-29 | 5,189,346 | 10,917 | 86,373 | 99.79% | Passed |
| 2017 | 2017-04-26 | 5,395,098 | 79,568 | 108,734 | 98.55% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-04-30 | 98.72%a |
| 2023 | 2023-04-27 | 99.33%b |
| 2020 | 2020-04-29 | 99.79%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| W. Scott DavisIndependent · Audit (Chair) | $65,000 | $0 | $0 | $0 | $0 | $65,000 |
| Michael D. BishopIndependent · Audit | 40,013 | 14,987 | 0 | 0 | 0 | 55,000 |
| H. Pete MontañoIndependent · Audit | 55,000 | 0 | 0 | 0 | 0 | 55,000 |
| Franklin McLartyIndependent · Audit | 55,000 | 0 | 0 | 0 | 0 | 55,000 |
| Frederick P. CalderoneIndependent | 50,000 | 0 | 0 | 0 | 0 | 50,000 |
| Matthew J. MorounNot independent | 35,013 | 14,987 | 0 | 0 | 0 | 50,000 |
| Edwin J. LukasIndependent | 35,013 | 14,987 | 0 | 0 | 0 | 50,000 |
| Matthew T. MorounEmployee director · Board Chair · Compensation (Chair) · Executive (Chair) | — | — | — | — | — | 0 |
| Joesph VitirittoEmployee director · Departed during FY | — | — | — | — | — | 0 |
| Lance K. StewartEmployee director · Compensation · Executive | — | — | — | — | — | 0 |
| Annual cash retainer | $50,000 |
|---|---|
| Annual equity retainer | $15,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 10,000 / 5,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $335,039 |
| Equity awards (grant-date value) | $44,961 |
| All other compensation | $0 |
| Total cost of the board | $380,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Pamt Corp | 2025 | Lance Stewart | $440,590 | $1,537,000 | $0 | $0 | $2,127,590 |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Lance Stewart | DEF 14A | 2026-03-27 | 0001437749-26-010077 | Section “Executive Compensation”. As printed: 2,127,590. Filing ↗machine: r3 · c28 · span 267607–267616 |
| 2 | Section 01, Joesph Vitiritto | DEF 14A | 2026-03-27 | 0001437749-26-010077 | Section “Executive Compensation”. As printed: 1,031,490. Filing ↗machine: r12 · c28 · span 300406–300415 |
| 3 | Section 01, Daniel Kleine | DEF 14A | 2026-03-27 | 0001437749-26-010077 | Section “Executive Compensation”. As printed: 296,510. Filing ↗machine: r16 · c28 · span 315967–315974 |
| 4 | Section 01, Matthew Moroun | DEF 14A | 2026-03-27 | 0001437749-26-010077 | Section “Executive Compensation”. As printed: 105,000. Filing ↗machine: r8 · c28 · span 285883–285890 |
| 5 | Section 03, Lance Stewart RSU | DEF 14A | 2026-03-27 | 0001437749-26-010077 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 359736–359743 |
| 6 | Section 03, Lance Stewart RSU | DEF 14A | 2026-03-27 | 0001437749-26-010077 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 365270–365279 |
| 7 | Section 03, Joesph Vitiritto RSU | DEF 14A | 2026-03-27 | 0001437749-26-010077 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 387282–387289 |
| 8 | Section 08, W. Scott Davis | DEF 14A | 2026-03-27 | 0001437749-26-010077 | Section “Director Compensation”. As printed: 65,000. Filing ↗machine: span 768581–768587 |
| 9 | Section 08, Michael D. Bishop | DEF 14A | 2026-03-27 | 0001437749-26-010077 | Section “Director Compensation”. As printed: 55,000. Filing ↗machine: span 763784–763790 |
| 10 | Section 08, H. Pete Montaño | DEF 14A | 2026-03-27 | 0001437749-26-010077 | Section “Director Compensation”. As printed: 55,000. Filing ↗ |
| 11 | Section 08, Franklin McLarty | DEF 14A | 2026-03-27 | 0001437749-26-010077 | Section “Director Compensation”. As printed: 55,000. Filing ↗machine: span 776350–776356 |
| 12 | Section 08, Frederick P. Calderone | DEF 14A | 2026-03-27 | 0001437749-26-010077 | Section “Director Compensation”. As printed: 50,000. Filing ↗ |
| 13 | Section 08, Matthew J. Moroun | DEF 14A | 2026-03-27 | 0001437749-26-010077 | Section “Director Compensation”. As printed: 50,000. Filing ↗ |
| 14 | Section 08, Edwin J. Lukas | DEF 14A | 2026-03-27 | 0001437749-26-010077 | Section “Director Compensation”. As printed: 50,000. Filing ↗ |
| 15 | Section 08, Matthew T. Moroun | DEF 14A | 2026-03-27 | 0001437749-26-010077 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 16 | Section 08, Joesph Vitiritto | DEF 14A | 2026-03-27 | 0001437749-26-010077 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 17 | Section 08, Lance K. Stewart | DEF 14A | 2026-03-27 | 0001437749-26-010077 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 18 | Section 06, 2026 vote | Form 8-K | 2026-05-05 | 0001437749-26-014889 | Item 5.07 · say-on-pay result. As reported: 98.72% (votes for as printed: 19,146,400). Filing ↗ |
| 19 | Section 06, 2023 vote | Form 8-K | 2023-05-01 | 0001437749-23-011828 | Item 5.07 · say-on-pay result. As reported: 99.33% (votes for as printed: 19,558,216). Filing ↗ |
| 20 | Section 06, 2020 vote | Form 8-K | 2020-05-01 | 0001437749-20-009143 | Item 5.07 · say-on-pay result. As reported: 99.79% (votes for as printed: 5,189,346). Filing ↗ |
| 21 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 22 | Section 09b board cost (computed) | Computed | — | computed | Cash 335,039 + equity 44,961 + all other 0 = 380,000, summed across the director compensation table rows.machine: formula: Σ = 380,000 |
| 23 | Pamt Corp (subject), Section 10b CEO total | DEF 14A | 2026-03-27 | 0001437749-26-010077 | CEO total compensation as printed in Pamt Corp's own proxy. As printed: 2,127,590. Filing ↗machine: r3 · c28 · span 267607–267616 |