PAMT Director Matthew T. Moroun Transfers $31.2M Stake to Family Trust

PAMT Corp director Matthew T. Moroun has transferred his entire direct equity stake in the company to a family trust. This transaction is valued at $31.2 million. The move occurred on September 3, 2026, and shifts the shares from direct ownership to indirect beneficial ownership while the company manages negative earnings and a significant debt load.

According to an investing.com report, Moroun sold 3,268,000 shares at a price of $9.555 per share. The 2020 Lindsay Moroun Trust acquired the shares, and Matthew T. Moroun serves as the trustee for that entity.

Impact on Insider Holdings

Following this transaction, Moroun no longer holds any shares of PAMT Corp directly. He maintains indirect beneficial ownership through multiple family trusts. This reclassification means that he retains control over the voting and investment decisions associated with the block of stock, even though the shares are no longer listed under his personal direct account.

Financial Context and Debt Profile

The shift in ownership structure coincides with financial difficulties at PAMT Corp. The company currently reports a debt-to-equity ratio of 1.67, which indicates a reliance on debt financing to support its capital structure. The firm recorded negative earnings of $2.02 per share over the last twelve months.

For investors monitoring insider activity, large transfers to trusts are often evaluated as part of estate planning or tax strategy, though they are frequently scrutinized when occurring alongside periods of financial instability or operational losses.

The transaction represents a complete divestment of direct personal exposure to the company's common stock by a key director.