Patriot National Bancorp (PNBK) Director Anahit Magzanyan Receives RSU Award

What Happened
Anahit Magzanyan, a director of Patriot National Bancorp, was granted 88,496 restricted stock units (RSUs) on July 29, 2026. The grant is reported as an award (transaction code A) with a reported acquisition price of $0.00 (derivative instrument). No cash was exchanged at grant; the filing reports the award amount rather than an immediate dollar value.

Key Details

• Transaction date: July 29, 2026; Form 4 filed July 31, 2026 (within the typical 2-business-day filing window).
• Award: 88,496 RSUs; reported price $0.00 (derivative/award).
• Vesting schedule (footnote): 29,498 RSUs vest July 1, 2027; 29,499 RSUs vest July 1, 2028; 29,499 RSUs vest July 1, 2029.
• Shares owned after the transaction: not specified in the filing.
• Transaction type: equity award (RSUs), not an open-market purchase or sale.

Context
RSUs are a form of equity compensation that convert to common shares (or cash equivalent) only upon vesting; they are not an immediate cash purchase or sale and do not by themselves indicate a near-term transaction. This grant increases potential future ownership if the RSUs vest, but the economic value to the insider depends on Patriot National Bancorp’s future stock price and whether the RSUs are settled in shares or cash per company policy.