4Filed Jul 30, 8:00 PM ET

Patriot National (PNBK) Director Mario De Tomasi Receives 88,496 RSUs

$PNBK · PATRIOT NATIONAL BANCORP INC

Research Summary

AI-generated summary of this SEC filing

Updated

Patriot National (PNBK) Director Mario De Tomasi Receives 88,496 RSUs

What Happened
Mario De Tomasi, a director of Patriot National Bancorp Inc. (PNBK), was granted 88,496 restricted stock units (RSUs) on July 29, 2026. The award was recorded as an A (award/grant) transaction at $0.00 (no cash exchanged at grant). The RSUs will convert to common shares as they vest rather than representing an immediate open-market purchase or sale.

Key Details

  • Transaction date: July 29, 2026; Form 4 filed July 31, 2026 (appears timely).
  • Grant: 88,496 RSUs (listed at $0.00 in transaction table).
  • Vesting schedule (per footnote): 29,498 RSUs vest on July 1, 2027; 29,499 on July 1, 2028; 29,499 on July 1, 2029.
  • Minor clerical note: footnote text briefly lists 88,494 RSUs, but the vesting amounts sum to 88,496 (matches the transaction line).
  • Shares owned after transaction: Not disclosed in the provided filing excerpt.
  • No sale, purchase, 10b5-1 plan, or tax-withholding event is indicated in this filing.

Context
RSU grants are compensation awards that vest over time; they do not represent an immediate cash purchase or sale and typically convert to common stock when vested. For retail investors, grants to directors are common for retention and alignment with shareholders; they are informational but do not by themselves indicate buying or selling pressure.