Patriot National director receives 133,333 shares
Seabold Jeffrey T reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Seabold Jeffrey T reported acquisition or exercise transactions in this Form 4 filing.
PATRIOT NATIONAL BANCORP INC director Jeffrey T. Seabold increased his equity stake through RSU vesting. On July 1, 2026, 133,333 Restricted Stock Units vested and were settled in shares of Common Stock at no cost to him. Following this transaction, he directly holds 133,583 Common shares. The vested RSUs were the first installment of a 400,000-unit award granted on July 1, 2025, which is scheduled to vest in three annual tranches of 133,333, 133,333 and 133,334 units on July 1, 2026, 2027 and 2028, leaving 266,667 RSUs unvested after this event.
Positive
- None.
Negative
- None.
Insider Trade Summary
133,333 shares exercised/converted
Exercise
2 txns
Insider
Seabold Jeffrey T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 133,333 | $0.00 | $0.00 |
| Exercise | Common Stock | 133,333 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 266,667 contracts (Direct);
Common Stock — 133,583 shares (Direct)
Footnotes (1)
- F1. On July 1, 2025, the Reporting Person was granted Restricted Stock Units ("RSUs") equal to 400,000 shares of Common Stock of the Issuer, which will vest over three years (133,333 shares, 133,333 shares, and 133,334 shares respectively as of July 1, 2026, 2027 and 2028). On July 1, 2026, the first installment of 133,333 RSUs vested and settled and the Issuer delivered shares of Common Stock in settlement thereof. No consideration was paid by the Reporting Person in connection with the settlement.
Key Figures
RSUs vested and settled: 133,333 shares
Common shares held after transaction: 133,583 shares
Total RSU grant: 400,000 units
+3 more
6 metrics
RSUs vested and settled
133,333 shares
First installment vested on July 1, 2026
Common shares held after transaction
133,583 shares
Direct ownership after July 1, 2026 settlement
Total RSU grant
400,000 units
Grant received on July 1, 2025
Unvested RSUs remaining
266,667 units
Balance after first tranche vested
Second RSU vesting tranche
133,333 units
Scheduled to vest on July 1, 2027
Third RSU vesting tranche
133,334 units
Scheduled to vest on July 1, 2028
Key Terms
Restricted Stock Units, RSUs, derivative security, vesting
4 terms
Restricted Stock Units financial
"the Reporting Person was granted Restricted Stock Units ("RSUs") equal to 400,000 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
"133,333 shares, 133,333 shares, and 133,334 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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting financial
"which will vest over three years (133,333 shares, 133,333 shares, and 133,334 shares respectively"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Patriot National Bancorp (PNBK) report for Jeffrey T. Seabold?
Patriot National Bancorp reported that director Jeffrey T. Seabold had 133,333 Restricted Stock Units vest and settle into Common Stock on July 1, 2026. The units converted to shares at no cost as part of his equity compensation package.
What is the size and schedule of Jeffrey T. Seabold’s RSU grant at Patriot National Bancorp (PNBK)?
Jeffrey T. Seabold received 400,000 Restricted Stock Units on July 1, 2025, vesting over three years. Installments are 133,333 units on July 1, 2026, 133,333 on July 1, 2027, and 133,334 on July 1, 2028, subject to the grant’s vesting conditions.
How many Patriot National Bancorp (PNBK) RSUs remain unvested for Jeffrey T. Seabold?
After the first 133,333-unit tranche vested on July 1, 2026, 266,667 Restricted Stock Units remain unvested for Jeffrey T. Seabold. These are scheduled to vest in two installments on July 1, 2027 and July 1, 2028, according to the award’s original terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
