Patriot National Bancorp (PNBK) awards 88,496 RSUs to board director
Rhea-AI Filing Summary
Patriot National Bancorp director Edward N. Constantino received a grant of 88,496 Restricted Stock Units linked to Common Stock on July 29, 2026. The RSUs vest over three years in tranches of 29,498, 29,499 and 29,499 shares on July 1, 2027, 2028 and 2029. Following this award, he holds 132,941 RSUs, with a reported conversion price of $0.00 per share and an expiration date of July 1, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Constantino Edward N.
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 shares
Vesting tranche 1: 29,498 shares
Vesting tranche 2: 29,499 shares
+4 more
7 metrics
RSUs granted
88,496 shares
Restricted Stock Units granted to director on July 29, 2026
Vesting tranche 1
29,498 shares
RSUs vesting as of July 1, 2027
Vesting tranche 2
29,499 shares
RSUs vesting as of July 1, 2028
Vesting tranche 3
29,499 shares
RSUs vesting as of July 1, 2029
RSUs after grant
132,941 shares
Total Restricted Stock Units held following the reported grant
Conversion price
$0.00 per share
Reported conversion or exercise price for the RSUs
RSU expiration date
July 1, 2029
Expiration date associated with the RSU award
Key Terms
Restricted Stock Units, vest, expiration date
3 terms
Restricted Stock Units financial
"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.
vest financial
"which will vest over three years (29,498 shares, 29,499 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.
expiration date financial
"expiration_date": "2029-07-01""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Patriot National Bancorp (PNBK) disclose?
Patriot National Bancorp disclosed a grant of 88,496 Restricted Stock Units to director Edward N. Constantino. The RSUs are tied to Common Stock and vest annually over three years starting July 1, 2027, subject to the terms of the award.
How do the new RSUs for PNBK’s director vest over time?
The 88,496 RSUs vest in three annual tranches: 29,498 shares on July 1, 2027, and 29,499 shares each on July 1, 2028 and July 1, 2029. Each vesting date delivers the corresponding shares if applicable conditions are met.
What is the total RSU position reported for the PNBK director after this grant?
After the grant, Edward N. Constantino is reported to hold 132,941 Restricted Stock Units. This figure reflects his RSU position following the July 29, 2026 award, as shown in the ownership column of the insider report.
What price is associated with the RSU grant reported by PNBK?
The RSU grant is reported with a conversion or exercise price of $0.00 per share. This reflects that no cash exercise price is stated for converting the Restricted Stock Units into shares of Common Stock under the award.
When do the granted PNBK RSUs expire if unconverted?
The granted Restricted Stock Units carry an expiration date of July 1, 2029. Any portion of the award that remains unvested or unconverted by this date would lapse under the terms reflected in the insider compensation data.
What role does the reporting person hold at Patriot National Bancorp (PNBK)?
The reporting person, Edward N. Constantino, is identified as a director of Patriot National Bancorp. The reported RSU grant represents equity-based compensation associated with his board service, according to the insider ownership filing.