Patriot National (PNBK) director acquires 22,222 shares via RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PATRIOT NATIONAL BANCORP INC director Edward N. Constantino acquired 22,222 shares through RSU vesting. On July 1, 2026, the first tranche of 22,222 Restricted Stock Units granted on July 1, 2025 vested and settled into Common Stock at no cost to him, raising his direct holdings to 42,542 shares. The original award covered 66,667 RSUs scheduled to vest in three annual installments of 22,222, 22,222 and 22,223 shares as of July 1, 2026, 2027 and 2028, leaving 44,445 RSUs reported as remaining. He also reports 1,000 Common Shares held indirectly through a SEP IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
22,222 shares exercised/converted
Mixed
3 txns
Insider
Constantino Edward N.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 22,222 | $0.00 | -- |
| Exercise | Common Stock | 22,222 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 44,445 shares (Direct, null);
Common Stock — 42,542 shares (Direct, null);
Common Stock — 1,000 shares (Indirect, SEP IRA)
Footnotes (1)
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Key Figures
RSUs vested and settled: 22,222 shares
Original RSU grant: 66,667 RSUs
Direct common shares after transaction: 42,542 shares
+2 more
5 metrics
RSUs vested and settled
22,222 shares
First installment vested and settled on July 1, 2026
Original RSU grant
66,667 RSUs
Granted on July 1, 2025 to vest over three years
Direct common shares after transaction
42,542 shares
Common Stock directly owned following RSU settlement
Remaining RSUs
44,445 RSUs
Unvested balance after first 22,222-unit installment vested
Indirect common shares
1,000 shares
Common Stock held indirectly through a SEP IRA
Key Terms
Restricted Stock Units, RSUs, vest, SEP IRA
4 terms
Restricted Stock Units financial
"On July 1, 2025, 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.
RSUs financial
"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)"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
vest financial
"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)"
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.
SEP IRA financial
"Common Stock entry showing 1,000.0000 shares held indirectly with nature of ownership "SEP IRA""
