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Matthew T. Moroun is the interim CEO and Chairman of PAM Transportation Services, a key player in the transportation industry. He stepped into the CEO role after the retirement of the previous leader in 2020, showcasing his long-term commitment to...

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Matthew T. Moroun

Ex-CEO of PAM Transportation Services

Education

Not specified

Field of Expertise

Transportation & Logistics - Transportation

Sector of Economy

Industrials

Born

January 1, 1974 - 51 years ago

CEO of PAM Transportation Services for

0 years 3 months (May 2020 - Aug 2020)

Previous Experience

Chairman and President of CenTra, Inc.

Rivals

Competitors/colleagues of Matthew T. Moroun

Holdings

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Matthew T. Moroun holds a substantial position in PAM Transportation Services as the company's largest shareholder. His holdings include a significant portion of common stock, which reflects not only his financial commitment but also his belief in the company's future....

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Insider Trading

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Compensation History

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In 2020, Matthew T. Moroun received a total compensation of $115,025 for his role as interim CEO of PAM Transportation Services. His compensation package was primarily divided into his annual cash retainer as Chairman and the value of vested stock awards. Notably, he did not receive a traditional salary or bonus structure typical for many CEOs; instead, his compensation consisted mainly of non-cash components like stock, reflecting a sort of 'put your money where your mouth is' philosophy. This approach indicates his long-term focus on ensuring the company's growth and aligning his interests with those of the shareholders. His unique compensation model is a reflection of his deep-rooted connection to the company and a strategic move to foster a strong commitment to PAM's success.

Year

2020

Total Compensation

$115.03K

Salary

$0.00

Board Justification

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

Bonus

$0.00

Board Justification

No cash bonus was awarded for 2020 as he served as Chairman of the Board and did not receive additional compensation for his interim CEO role.

Other

$105.00K

Board Justification

Annual cash retainer for his service as Chairman of the Board and as Chairman of the Compensation and Stock Option Committee.

Restricted Stock

$10.03K(326 common stock)

Board Justification

Director stock retainer awarded on March 31, 2020, consisting of unrestricted shares of common stock.

Performance Metrics

Performance metrics are based on the overall performance of the company and individual contributions.