Patriot National director exercises 22,222 RSUs
Patriot National Bancorp director Anahit Magzanyan increased her equity stake through RSU vesting.
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Form Type
4
Rhea-AI Filing Summary
Patriot National Bancorp director Anahit Magzanyan increased her equity stake through RSU vesting. On July 1, 2026, 22,222 Restricted Stock Units granted on July 1, 2025 vested and converted into an equal number of Common Stock shares, with no cash paid by her.
After the transaction, she directly owns 26,512 shares of Common Stock and 44,445 RSUs that are scheduled to vest in two further installments on July 1, 2027 and July 1, 2028. This filing reflects routine equity compensation rather than an open‑market purchase or sale.
Insider Trade Summary
22,222 shares exercised/converted
Exercise
2 txns
Insider
Magzanyan Anahit
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 22,222 | $0.00 | $0.00 |
| Exercise | Common Stock | 22,222 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 44,445 contracts (Direct);
Common Stock — 26,512 shares (Direct)
Footnotes (1)
- F1. On July 1, 2025, the Reporting Person was granted Restricted Stock Units ("RSUs") equal to 66,667 shares of Common Stock of the Issuer, which will vest over three years (22,222 shares, 22,222 shares, and 22,223 shares respectively as of July 1, 2026, 2027 and 2028). On July 1, 2026, the first installment of 22,222 RSUs vested and settled and the Issuer delivered shares of Common Stock in settlement thereof. No consideration was paid by the Reporting Person in connection with the settlement.
Key Figures
RSU grant size: 66,667 RSUs
RSUs vested and settled: 22,222 shares
Common shares held after transaction: 26,512 shares
+2 more
5 metrics
RSU grant size
66,667 RSUs
Granted on July 1, 2025
RSUs vested and settled
22,222 shares
First installment vested on July 1, 2026
Common shares held after transaction
26,512 shares
Direct ownership after July 1, 2026 settlement
Remaining RSUs
44,445 RSUs
To vest in 2027 and 2028 installments
Exercise price per RSU
$0.00 per unit
No consideration paid on settlement
Key Terms
Restricted Stock Units, vest, settled, derivative security, +1 more
5 terms
Restricted Stock Units financial
"the Reporting Person was granted Restricted Stock Units ("RSUs") equal to 66,667 shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vest financial
"which will vest over three years (22,222 shares, 22,222 shares, and 22,223 shares respectively"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
settled financial
"the first installment of 22,222 RSUs vested and settled and the Issuer delivered shares"
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Common Stock financial
"shares of Common Stock of the Issuer, which will vest over three years"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Patriot National Bancorp (PNBK) director Anahit Magzanyan report in this Form 4?
Director Anahit Magzanyan reported the vesting and settlement of 22,222 Restricted Stock Units into Common Stock. These RSUs were part of a prior equity grant and converted into shares without any cash payment.
What are Anahit Magzanyan’s holdings after this Patriot National Bancorp (PNBK) transaction?
Following the transaction, Anahit Magzanyan directly holds 26,512 shares of Patriot National Bancorp Common Stock and 44,445 remaining Restricted Stock Units scheduled to vest in two annual installments.
Over what period do Anahit Magzanyan’s Patriot National Bancorp (PNBK) RSUs vest?
Her 66,667 Restricted Stock Units vest over three years: 22,222 units on July 1, 2026, another 22,222 on July 1, 2027, and 22,223 on July 1, 2028, subject to the grant terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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