Company: PAMT
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025711
Chunk: 15

Company: PAMT CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 15
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 awards granted under the 2014 Plan, however, remain subject to the terms and conditions of the 2014 Plan.
    
   The total grant date fair value of stock vested during the first six months of 2025 was approximately $437,000. The total pre-tax stock-based compensation expense, recognized in salaries, wages and benefits during the first six months of 2025, was approximately $140,000 and includes approximately $45,000 recognized as a result of the issuance of shares to certain non-employee directors. The recognition of stock-based compensation expense decreased both diluted and basic earnings per common share by approximately $0.01 during the first six months of 2025. As of  June 30, 2025, the Company had stock-based compensation plans with total unvested stock-based compensation expense of approximately $1,147,000, which is being amortized on a straight-line basis over the remaining vesting period. As a result, the Company expects to recognize approximately $336,000 in additional compensation expense related to unvested stock awards during the remainder of 2025 and to recognize approximately $304,000, $242,000, and $233,000 in additional compensation expense related to unvested stock-based awards during the years 2026, 2027, and 2028, respectively.

       9

   The total grant date fair value of stock vested during the first six months of 2024 was approximately $550,000. The total pre-tax stock-based compensation expense, recognized in salaries, wages and benefits during the first six months of 2024, was approximately $393,000 and included approximately $38,000 recognized as a result of the issuance of shares to certain non-employee directors. The recognition of stock-based compensation expense decreased both diluted and basic earnings per common share by approximately $0.01 during the first six months of 2024. As of  June 30, 2024, the Company had stock-based compensation plans with total unvested stock-based compensation expense of approximately $1,779,000, which was being amortized on a straight-line basis over the remaining vesting period.
    
   A summary of the status of the Company’s non-vested stock awards as of  June 30, 2025, and changes during the six months ended  June 30, 2025, is as follows:

       Stock Awards  
   Number of Shares    Weighted- Average Grant Date Fair