Patriot National Bancorp (PNBK) awards 66,372 RSUs to board director
Rhea-AI Filing Summary
Roth Jonathan Paul reported acquisition or exercise transactions in this Form 4 filing.
Patriot National Bancorp director Jonathan Paul Roth received a grant of 66,372 Restricted Stock Units, each representing one share of common stock. The RSUs vest in three equal tranches of 22,124 shares on July 1, 2027, 2028 and 2029, increasing his reported RSU holdings to 91,524.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Roth Jonathan Paul
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1 | 66,372 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 91,524 shares (Direct)
Footnotes (1)
- F1. On July 29, 2026, the Reporting Person was granted RSUs equal to 66,372 shares of Common Stock of the Issuer, which will vest over three years (22,124 shares, 22,124 shares, and 22,124 shares respectively as of July 1, 2027, 2028 and 2029).
Key Figures
RSU grant size: 66,372 Restricted Stock Units
RSUs after grant: 91,524 Restricted Stock Units
Annual vesting tranche: 22,124 shares
+2 more
5 metrics
RSU grant size
66,372 Restricted Stock Units
Grant of RSUs to director Jonathan Paul Roth
RSUs after grant
91,524 Restricted Stock Units
Total RSUs reported as held following the transaction
Annual vesting tranche
22,124 shares
Each of three vesting dates: July 1, 2027, 2028 and 2029
Conversion price
$0.0000 per share
Conversion or exercise price of the Restricted Stock Units
RSU expiration date
July 1, 2029
Expiration date of the granted Restricted Stock Units
Key Terms
Restricted Stock Units, Common Stock, grant/award acquisition, expiration date
4 terms
Restricted Stock Units financial
"security_title: Restricted Stock Units"
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.
Common Stock financial
"underlying_security_title: Common Stock"
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.
grant/award acquisition financial
"transaction_action: grant/award acquisition"
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) report for Jonathan Paul Roth?
Patriot National Bancorp reported that director Jonathan Paul Roth received a grant of 66,372 Restricted Stock Units. Each RSU corresponds to one share of common stock and is structured to vest over three years in equal annual installments.
How many RSUs were granted to the PNBK director and what does this represent?
The director was granted 66,372 Restricted Stock Units, representing the right to receive 66,372 shares of Patriot National Bancorp common stock. These units are subject to time-based vesting conditions over a three-year schedule.
What is the vesting schedule for the 66,372 RSUs granted by PNBK?
The 66,372 RSUs vest in three equal tranches of 22,124 shares each. Vesting occurs as of July 1, 2027, July 1, 2028, and July 1, 2029, provided the applicable vesting conditions are satisfied.
What are Jonathan Paul Roth’s RSU holdings in PNBK after this grant?
Following the grant, Jonathan Paul Roth is reported to hold 91,524 Restricted Stock Units. This figure reflects his total RSU position in Patriot National Bancorp after adding the newly awarded 66,372 units.
Was the PNBK RSU grant to Jonathan Paul Roth made under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not marked, meaning this RSU grant was not reported as made pursuant to a Rule 10b5-1 trading plan or similar pre-arranged trading arrangement.
What are the key dates associated with the PNBK RSUs granted to the director?
Key dates include an exercise or first vesting date of July 1, 2027 and an expiration date of July 1, 2029. The RSUs vest in three equal tranches on July 1 of 2027, 2028 and 2029.