Companies Pamt Corp
Pamt (PAMT): executive pay, fiscal 2025
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CEO pay, last three years
- $493,326FY2023
- $478,810FY2024
- $2,127,590FY2025
CEO total pay was $2,127,590 in fiscal 2025, up from $478,810 in fiscal 2024.
FY2025: salary $440,590 · bonus $150,000 · stock awards $1,537,000 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| 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.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Lance Stewart | $2,127,590 | $478,810 | $493,326 | ↑ +1,648,780 |
| Joesph Vitiritto | 1,031,490 | 778,160 | 1,132,230 | ↑ +253,330 |
| 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.
Incentive-plan design — the Compensation Discussion & Analysis
Our primary goal for the compensation of our executive officers is to create long-term value for our shareholders. Our compensation program is intended to attract, motivate, reward and retain the management talent required to achieve our corporate objectives and create long-term value for our shareholders, while at the same time making efficient use of our resources.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | — |
| Anti-hedging | — |
| Anti-pledging | — |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Lance Stewart | RSU | 2025-08-04 | — | — | 100,000 | — | $1,215,000 |
| Joesph Vitiritto | RSU | 2025-01-27 | — | — | 32,500 | — | 523,250 |
| Lance Stewart | RSU | 2025-01-27 | — | — | 20,000 | — | 322,000 |
Vehicle mix — grant-date fair value by award type
| 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.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Lance Stewart | RSU | 648 | — | $7,828 |
| Lance Stewart | RSU | 1,210 | — | 14,617 |
| Lance Stewart | RSU | 20,000 | — | 241,600 |
| Lance Stewart | RSU | 100,000 | — | 1,208,000 |
Director compensation
| 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 |
| Matthew J. MorounNot independent | 35,013 | 14,987 | 0 | 0 | 0 | 50,000 |
| Frederick P. CalderoneIndependent | 50,000 | 0 | 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) · Board of Directors (Chair) | 35,013 | 14,987 | 0 | — | 0 | 50,000 |
| Lance K. StewartEmployee director · Compensation · Executive | — | — | — | — | — | 0 |
| Joesph VitirittoEmployee director · Compensation · Departed during FY | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $50,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 15,000 / 5,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $370,052 |
| Equity awards (grant-date value) | $59,948 |
| All other compensation | $0 |
| Total cost of the board | $430,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Pamt as a peer
Companies that benchmark against PAMT
3 companies name PAMT as a compensation peer
- COVENANT LOGISTICS GROUP, INC.CVLGFY2025
- HEARTLAND EXPRESS INCHTLDFY2025
Each company listed discloses PAMT in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named PAMT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Chief executive pay against the peer group
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.
Say-on-pay history and pay ratio
| 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.
Say-on-pay — history, company’s computation
| 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.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (24 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Lance Stewart. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · page 19. As printed: 2,127,590. View filing ↗
- Section 01, Joesph Vitiritto. DEF 14A, filed 2026-03-27. Section “Executive Compensation”. As printed: 1,031,490. View filing ↗
- Section 01, Daniel Kleine. DEF 14A, filed 2026-03-27. Section “Executive Compensation”. As printed: 296,510. View filing ↗
- Section 01, Matthew Moroun. DEF 14A, filed 2026-03-27. Section “Executive Compensation”. As printed: 105,000. View filing ↗
- Section 03, Lance Stewart RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Joesph Vitiritto RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Lance Stewart RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 08, W. Scott Davis. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 65,000. View filing ↗
- Section 08, Michael D. Bishop. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 55,000. View filing ↗
- Section 08, H. Pete Montaño. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 55,000. View filing ↗
- Section 08, Franklin McLarty. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 55,000. View filing ↗
- Section 08, Matthew J. Moroun. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 50,000. View filing ↗
- Section 08, Frederick P. Calderone. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 50,000. View filing ↗
- Section 08, Edwin J. Lukas. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 50,000. View filing ↗
- Section 08, Matthew T. Moroun. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 50,000. View filing ↗
- Section 08, Lance K. Stewart. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Joesph Vitiritto. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-05. Item 5.07 · say-on-pay result. As reported: 98.72% (votes for as printed: 19,146,400). View filing ↗
- Section 06, 2023 vote. Form 8-K, filed 2023-05-01. Item 5.07 · say-on-pay result. As reported: 99.33% (votes for as printed: 19,558,216). View filing ↗
- Section 06, 2020 vote. Form 8-K, filed 2020-05-01. Item 5.07 · say-on-pay result. As reported: 99.79% (votes for as printed: 5,189,346). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 370,052 + equity 59,948 + all other 0 = 430,000, summed across the director compensation table rows.
- Pamt Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Pamt Corp's own proxy. As printed: 2,127,590. View filing ↗