PATRIOT NATIONAL BANCORP (PNBK) Director Edward N. Constantino Receives Award

What Happened

• Edward N. Constantino, a director of PATRIOT NATIONAL BANCORP, was granted 88,496 restricted stock units (RSUs) on July 29, 2026. The award is recorded as a derivative grant (code A) at $0.00 per share (no cash purchase). RSUs convert to shares if and when they vest; there was no immediate sale or cash exercise.

Key Details

• Transaction date: July 29, 2026; reported on Form 4 filed July 31, 2026.
• Grant: 88,496 RSUs at $0.00 (derivative award).
• Vesting schedule (per filing footnote): 29,498 RSUs vest on July 1, 2027; 29,499 on July 1, 2028; 29,499 on July 1, 2029.
• Shares owned after transaction: not specified in the posted transaction details.
• Filing timeliness: Form 4 was filed two days after the grant date (appears timely); no late-filing flag noted.

Context

• RSU grants are typically compensation or retention awards and do not involve an immediate market purchase or sale; they only convert to actual shares upon vesting and subject to company terms. Such awards are routine insider compensation and should not be read as a direct buy/sell market signal.