Joseph A. Vitiritto is the current CEO of PAM Transportation Services, a role he has held since August 18, 2020. With over 25 years in the transportation industry, he stepped into this position after serving as Senior Vice President at...

Joseph A. Vitiritto is the current CEO of PAM Transportation Services, a role he has held since August 18, 2020. With over 25 years in the transportation industry, he stepped into this position after serving as Senior Vice President at Knight-Swift Transportation. Under his leadership, PAM has focused on navigating the challenges of the logistics world while striving for operational excellence. He received a significant hiring bonus of $328,500 when he joined PAM, which highlights the company's investment in his leadership. In 2022, Vitiritto earned a total compensation of $718,295, predominantly from his salary and cash bonuses based on company performance. Intriguingly, his stock holdings showed considerable growth shortly after he took office, peaking at over $6 million in value in early 2022, but have since decreased as the market fluctuated. His extensive experience and insights into daily operations aim to propel PAM Transportations to greater success in the coming years.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other PAM Transportation Services CEOs

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Joseph A. Vitiritto

CEO of PAM Transportation Services

Education

Not specified

Field of Expertise

Transportation & Logistics - Transportation

Sector of Economy

Industrials

Born

January 1, 1971 - 54 years ago

CEO of PAM Transportation Services for

4 years 9 months (Aug 2020 - Present)

Previous Experience

Various managerial capacities for Knight-Swift and its predecessor, Knight Transportation, Inc.

Rivals

Competitors/colleagues of Joseph A. Vitiritto

Holdings

See how much did Joseph A. Vitiritto make over time.

Joseph A. Vitiritto's personal stock holdings in PAM Transportation Services have seen significant fluctuation since he became CEO. Shortly after his appointment in August 2020, his holdings were valued at about $1.41 million. The value of his shares steadily rose,...

Joseph A. Vitiritto's personal stock holdings in PAM Transportation Services have seen significant fluctuation since he became CEO. Shortly after his appointment in August 2020, his holdings were valued at about $1.41 million. The value of his shares steadily rose, reaching a high of $6.05 million in February 2022. However, as the market shifted, his holdings have since contracted, dropping to roughly $4.26 million by December 2022. This trajectory reflects the volatility often experienced in stock markets. Interestingly, while his wealth directly tied to stock performance has seen ups and downs, it underscores his strong investment in the company’s future. As of now, his stock remains a significant part of his overall wealth, indicating confidence in PAM's direction.

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Insider Trading

See recent insider trades of Joseph A. Vitiritto.

PTSI

12,938 shares

PTSI

Feb 9, 2023

Received

PTSI

4,345 shares

PTSI

Feb 9, 2022

Received

PTSI

40,000 shares

PTSI

Aug 18, 2020

Received

Compensation History

See how much did Joseph A. Vitiritto make over time.

In 2022, Joseph A. Vitiritto's total compensation was $718,295. His salary of $577,670 made up the majority of his earnings, showing a stable base pay. He also earned a cash bonus of $140,625, which was linked to the company's achievement of certain performance targets. This structured compensation package is designed to motivate executives like Vitiritto to align their goals with the company's financial success. His previous year (2021) saw him earn a much higher total compensation of approximately $1.5 million, primarily due to a bonus of $450,000 that was paid out. Vitiritto’s diverse compensation strategy reflects PAM’s broader goal of retaining talented leadership while also rewarding performance.

Year

2022

Total Compensation

$718.30K

Salary

$577.67K

Board Justification

The compensation program is designed to attract, motivate, reward and retain management talent while aligning their interests with those of stockholders.

Bonus

$140.63K

Board Justification

Cash bonus earned under a short-term incentive plan based on the attainment of certain consolidated operating income performance targets for the year 2022.

Other

$0.00

Board Justification

No other compensation was reported for 2022 that is included in the total compensation calculation, as the focus is on cash compensation only.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2022 that are included in the total compensation calculation, as the focus is on cash compensation only.

Performance Metrics

The performance metrics for the CEO's compensation in 2022 were based on consolidated operating income targets.

Other PAM Transportation Services CEOs

Here are other CEOs of PAM Transportation Services

Matthew T. Moroun

Ex-CEO of PAM Transportation Services

May 2020 - August 2020