Patriot National Bancorp (PNBK) EVP awarded 74,983 RSUs under employment deal

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Simmons William Paul reported acquisition or exercise transactions in this Form 4 filing.

Patriot National Bancorp EVP & Chief Credit Officer William Paul Simmons received a grant of 74,983 Restricted Stock Units (RSUs) tied to Common Stock on May 20, 2026. The award was made under his April 30, 2025 employment agreement and vests in three equal annual installments through May 20, 2029. Following this grant, he holds 741,650 RSUs directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Simmons William Paul

Role EVP & Chief Credit Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	74,983	$0.00	--

Holdings After Transaction: Restricted Stock Units — 741,650 shares (Direct, null)

Footnotes (1)

On May 20, 2026, pursuant to the Reporting Person's employment agreement with the Issuer dated April 30, 2025, the Reporting Person was granted Restricted Stock Units ("RSUs") equal to 74,983 shares of Common Stock, which will vest in three equal installments on each of the first three anniversaries of the award date (24,994 shares, 24,994 shares, and 24,995 shares respectively as of May 20, 2027, 2028 and 2029). N/A

Key Figures

RSUs granted: 74,983 RSUs RSUs after grant: 741,650 RSUs First vesting tranche: 24,994 RSUs +2 more

5 metrics

RSUs granted 74,983 RSUs Award date May 20, 2026

RSUs after grant 741,650 RSUs Total directly held following transaction

First vesting tranche 24,994 RSUs Vesting on May 20, 2027

Second vesting tranche 24,994 RSUs Vesting on May 20, 2028

Third vesting tranche 24,995 RSUs Vesting on May 20, 2029

Key Terms

Restricted Stock Units, employment agreement, vesting

3 terms

Restricted Stock Units financial

"the Reporting Person was granted Restricted Stock Units ("RSUs") equal to 74,983 shares of Common Stock"

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.

employment agreement financial

"pursuant to the Reporting Person's employment agreement with the Issuer dated April 30, 2025"

vesting financial

"which will vest in three equal installments on each of the first three anniversaries of the award date"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Form 4 Insider Transactions: What Each Field Means →

05/27/2026 - 06:26 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Simmons William Paul

(Last)

(First)

(Middle)

C/O PATRIOT NATIONAL BANCORP, INC.

900 BEDFORD STREET

(Street)

STAMFORD

CONNECTICUT

06901

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PATRIOT NATIONAL BANCORP INC [ PNBK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & Chief Credit Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽²⁾	05/20/2026		A⁽¹⁾		74,983		05/20/2027	05/20/2029	Common Stock	74,983	$0	741,650	D

Explanation of Responses:

1. On May 20, 2026, pursuant to the Reporting Person's employment agreement with the Issuer dated April 30, 2025, the Reporting Person was granted Restricted Stock Units ("RSUs") equal to 74,983 shares of Common Stock, which will vest in three equal installments on each of the first three anniversaries of the award date (24,994 shares, 24,994 shares, and 24,995 shares respectively as of May 20, 2027, 2028 and 2029).

2. N/A

	/s/ William Paul Simmons	05/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Patriot National Bancorp (PNBK) disclose in this Form 4 for William Paul Simmons?

Patriot National Bancorp reported that EVP & Chief Credit Officer William Paul Simmons received 74,983 Restricted Stock Units as an equity award. These RSUs relate to Common Stock and increase his total directly held RSUs to 741,650 after the transaction.

How many Patriot National Bancorp (PNBK) RSUs were granted to William Paul Simmons?

William Paul Simmons was granted 74,983 Restricted Stock Units. Each RSU represents one share of Common Stock upon settlement, providing additional equity-based compensation linked to the company’s stock performance as the units vest over time.

What is the vesting schedule for William Paul Simmons’ 74,983 PNBK Restricted Stock Units?

The 74,983 RSUs vest in three annual installments. The schedule is 24,994 RSUs on May 20, 2027, 24,994 RSUs on May 20, 2028, and 24,995 RSUs on May 20, 2029, aligning with the first three anniversaries of the award date.

Was the Patriot National Bancorp (PNBK) RSU grant to William Paul Simmons part of his employment agreement?

Yes. The Form 4 states the RSU grant was made pursuant to Simmons’ employment agreement with Patriot National Bancorp dated April 30, 2025. This indicates the award is a contractual component of his executive compensation package.

How many Patriot National Bancorp (PNBK) RSUs does William Paul Simmons hold after this grant?

After receiving the 74,983 RSU award, William Paul Simmons directly holds 741,650 Restricted Stock Units. This figure reflects his total RSU position immediately following the reported equity grant transaction on May 20, 2026.

Does the Form 4 for Patriot National Bancorp (PNBK) show any stock sales by William Paul Simmons?

No. The Form 4 only reports an acquisition of RSUs coded as a grant or award. There are no open-market purchases, sales, tax-withholding dispositions, or gifts disclosed in this particular filing for William Paul Simmons.