Patriot National Bancorp (PNBK) grants 88,496 RSUs to board member
Rhea-AI Filing Summary
PATRIOT NATIONAL BANCORP INC director Anahit Magzanyan received a grant of 88,496 Restricted Stock Units tied to the issuer’s common stock. The RSUs vest in tranches of 29,498, 29,499 and 29,499 shares on July 1, 2027, 2028 and 2029, carry a $0.0000 exercise price, expire July 1, 2029, and increase her direct RSU holdings to 132,941.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Magzanyan Anahit
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1 | 88,496 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 132,941 shares (Direct)
Footnotes (1)
- F1. On July 29, 2026, the Reporting Person was granted RSUs equal to 88,496 shares of Common Stock of the Issuer, which will vest over three years (29,498 shares, 29,499 shares, and 29,499 shares respectively as of July 1, 2027, 2028 and 2029).
Key Figures
RSUs granted: 88,496 units
RSU holdings after grant: 132,941 units
First vesting tranche: 29,498 shares
+4 more
7 metrics
RSUs granted
88,496 units
Restricted Stock Units granted to director Anahit Magzanyan on July 29, 2026
RSU holdings after grant
132,941 units
Total Restricted Stock Units directly held after the reported award
First vesting tranche
29,498 shares
Portion of RSUs scheduled to vest on July 1, 2027
Second vesting tranche
29,499 shares
Portion of RSUs scheduled to vest on July 1, 2028
Third vesting tranche
29,499 shares
Portion of RSUs scheduled to vest on July 1, 2029
Exercise/Conversion price
0.0000
Stated per-share exercise or conversion price for the RSU award
RSU expiration date
2029-07-01
Expiration date disclosed for the Restricted Stock Units
Key Terms
Restricted Stock Units, vesting, underlying security, exercise price
4 terms
Restricted Stock Units financial
"the Reporting Person was granted RSUs equal to 88,496 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.
vesting financial
"which will vest over three years (29,498 shares, 29,499 shares, and 29,499 shares"
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.
underlying security financial
"underlying_security_title: "Common Stock" and underlying_security_shares: "88496.0000""
exercise price financial
"conversion_or_exercise_price: "0.0000" for the RSU derivative award"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Patriot National Bancorp (PNBK) report about Anahit Magzanyan’s new equity award?
Patriot National Bancorp reported that director Anahit Magzanyan received 88,496 Restricted Stock Units linked to common stock. The RSUs were granted on July 29, 2026 as equity compensation and increase her directly held RSU balance to 132,941 units after the award.
How will the 88,496 RSUs granted to Anahit Magzanyan at PNBK vest over time?
The 88,496 RSUs will vest over three years in specified installments. Vesting occurs in tranches of 29,498, 29,499 and 29,499 shares, respectively, on July 1, 2027, July 1, 2028 and July 1, 2029, subject to the award’s terms.
What are the exercise price and expiration date of Magzanyan’s Patriot National Bancorp RSUs?
The RSU award carries a stated exercise or conversion price of $0.0000 per share. According to the disclosure, the RSUs have an exercise date of July 1, 2027 and an expiration date of July 1, 2029, aligning with the final vesting year.
How many restricted stock units does Anahit Magzanyan now hold at Patriot National Bancorp (PNBK)?
Following the reported grant, Anahit Magzanyan’s directly held RSU position is 132,941 units. This total includes the new award of 88,496 Restricted Stock Units, as reflected in the post-transaction holdings figure disclosed in the insider ownership table.
Was Anahit Magzanyan’s RSU grant at Patriot National Bancorp made under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming that the transaction was executed under a Rule 10b5-1 trading plan. The grant is reported as an equity award, without additional footnote language describing any pre-arranged trading plan.
What underlying security is associated with Magzanyan’s new RSUs at PNBK?
Each of the 88,496 Restricted Stock Units is tied to an equal number of shares of Patriot National Bancorp’s Common Stock. The filing identifies common stock as the underlying security for this RSU award, matching the full granted unit count.