Company: PAMT
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001437749-25-011728
Chunk: 34

Company: PAMT CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 34
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     |        — |   |     |   |         — |   |     |   |          — |   |     |              |       — |   |     |   | (413,322 | ) |     |   |        — |   |
| Equals                             | Compensation Actually Paid to PEO/Non-PEO NEOs                                                                                                                                                        |     | $   |  190,276 |   |     | $ |   252,742 |   |     | $ |    138,164 |   |     | $            | 417,988 |   |     | $ |  (11,013 | ) |     | $ |  731,774 |   |

| (3) | Represents the total compensation of our only non-PEO NEO in 2022, Allen W. West, the average of the total compensation of each of our non-PEO NEOs during 2023, Lance K. Stewart and Allen W. West, and the total compensation of our only non-PEO NEO in 2024, Lance K. Stewart, as reported in the Summary Compensation Table for each year indicated. |

| (4) | Represents the cumulative three-year total return to shareholders of our common stock and assumes that the value of the investment was $100 on December 31, 2021. The Company did not issue any dividends during 2022, 2023 or 2024. The stock price performance included in this column is not necessarily indicative of future stock price performance. |

| (5) | Represents our reported net (loss) income for each year indicated. |

Relationship Between Compensation Actually Paid to our NEOs and Company Performance

The following graphs show the relationship between the compensation actually paid to our PEO and our other NEOs to our total shareholder return and net (loss) income over the three fiscal years ending December 31, 2024 as reported in the table above:

[The graphs follow on the next page.]

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<div align='center'>- 27 -</div>

Director Compensation for 2024

The following table provides information about the compensation of our directors for the year ended December 31, 2024.

| Name                   |     | Fees Earned 
 or Paid in  
 Cash        |         |     | Stock  
 Awards |        |     | Option 
 Awards |   |     | Non-Equity Incentive Plan Compensation |   |     | Change in                                   
 Pension Value