Patriot National director gains 22,222 shares via RSU vest
Patriot National Bancorp director Mario De Tomasi exercised a tranche of equity awards as part of his compensation.
Rhea-AI Filing Summary
Patriot National Bancorp director Mario De Tomasi exercised a tranche of equity awards as part of his compensation. On July 1, 2026, 22,222 Restricted Stock Units vested and were settled in an equal number of Common Stock shares, with no cash consideration paid by him.
These RSUs are the first installment of a 66,667-share grant awarded on July 1, 2025 that vests over three years. After the transaction, he directly holds 209,941 shares of Common Stock and 44,445 RSUs, reflecting a routine shift from deferred to outright share ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
22,222 shares exercised/converted
Exercise
2 txns
Insider
De Tomasi Mario
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 — 209,941 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
RSUs vested: 22,222 RSUs
RSU grant size: 66,667 RSUs
Common shares held after: 209,941 shares
+2 more
5 metrics
RSUs vested
22,222 RSUs
First installment vested and settled on July 1, 2026
RSU grant size
66,667 RSUs
Equity award granted on July 1, 2025
Common shares held after
209,941 shares
Direct Common Stock holdings after the transaction
RSUs remaining
44,445 RSUs
Outstanding RSUs following the first vesting tranche
Exercise price
$0.00 per share
No consideration paid on RSU settlement
Key Terms
Restricted Stock Units, vest, Exercise or conversion of derivative security, Common Stock
4 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"
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.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
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 insider transaction did Patriot National Bancorp (PNBK) report for Mario De Tomasi?
Patriot National Bancorp reported that director Mario De Tomasi acquired 22,222 Common Stock shares through the vesting of Restricted Stock Units. The RSUs vested and settled on July 1, 2026, converting into shares as part of his equity compensation program.
What was the size and structure of Mario De Tomasi’s RSU grant at PNBK?
Mario De Tomasi received a grant of 66,667 Restricted Stock Units on July 1, 2025, tied to Patriot National Bancorp Common Stock. The award vests in three annual installments of 22,222, 22,222, and 22,223 RSUs on July 1 of 2026, 2027, and 2028, respectively.
Is the Form 4 transaction for PNBK an open-market purchase or a compensation event?
The Form 4 transaction reflects a compensation event rather than an open-market trade. It records the vesting and settlement of 22,222 Restricted Stock Units into Common Stock, consistent with the three-year vesting schedule of De Tomasi’s 66,667-RSU equity grant.
How many RSUs remain unvested for Mario De Tomasi at Patriot National Bancorp?
Following the July 1, 2026 vesting, 44,445 Restricted Stock Units remain outstanding for Mario De Tomasi. These are scheduled to vest in two future annual installments under the original three-year grant covering a total of 66,667 RSUs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
