Director Mario De Tomasi boosts Patriot National Bancorp (PNBK) stake with open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PATRIOT NATIONAL BANCORP INC director Mario De Tomasi reported an open-market purchase of common stock. On May 20, 2026, he bought 87,719 shares at an average price of $1.15 per share, bringing his direct common stock holdings to 102,719 shares.
The filing also notes a prior equity award. On July 1, 2025, he was granted 66,667 Restricted Stock Units tied to an equal number of common shares. These RSUs vest in three annual installments of 22,222, 22,222 and 22,223 units on July 1 of 2026, 2027 and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 87,719 shares ($100,877)
Net Buy
2 txns
Insider
De Tomasi Mario
Role
null
Bought
87,719 shs ($101K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 87,719 | $1.15 | $101K |
| Grant/Award | Restricted Stock Units | 66,667 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 102,719 shares (Direct, null);
Restricted Stock Units — 66,667 shares (Direct, null)
Footnotes (1)
- On May 20, 2026, the Reporting Person purchased 87,719 shares of the Issuer's common stock on the open market at an average price of $1.15 per share. On July 1, 2025, the Reporting Person was granted Restricted Stock Units ("RSUs") equal to 66,667 shares of Common Stock of the Issuer, which will vest over 3 years (22,222 shares, 22,222 shares, and 22,223 shares respectively as of July 1, 2026, 2027 and 2028).
Key Figures
Open-market purchase shares: 87,719 shares
Purchase price: $1.15 per share
Shares owned after purchase: 102,719 shares
+4 more
7 metrics
Open-market purchase shares
87,719 shares
Common Stock bought on May 20, 2026
Purchase price
$1.15 per share
Average price for May 20, 2026 open-market buy
Shares owned after purchase
102,719 shares
Direct common stock holdings following transaction
RSU grant size
66,667 RSUs
Restricted Stock Units granted on July 1, 2025
RSU vesting 2026
22,222 RSUs
Tranche vesting on July 1, 2026
RSU vesting 2027
22,222 RSUs
Tranche vesting on July 1, 2027
RSU vesting 2028
22,223 RSUs
Final tranche vesting on July 1, 2028
Key Terms
Restricted Stock Units, open market, grant, award, or other acquisition, derivative, +1 more
5 terms
Restricted Stock Units financial
"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.
open market financial
"purchased 87,719 shares of the Issuer's common stock on the open market"
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
derivative financial
"transaction_type: derivative for the Restricted Stock Units"
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
vest financial
"RSUs ... will vest over 3 years (22,222 shares, 22,222 shares, and 22,223 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.
FAQ
What insider transactions did PNBK director Mario De Tomasi report?
Mario De Tomasi reported buying 87,719 shares of Patriot National Bancorp (PNBK) common stock and receiving 66,667 Restricted Stock Units. The purchase was an open-market transaction, while the RSUs are a compensation award scheduled to vest over three years.
At what price did Mario De Tomasi buy PNBK stock in the open market?
Mario De Tomasi purchased Patriot National Bancorp (PNBK) common stock at an average price of $1.15 per share. The Form 4 shows an open-market transaction on May 20, 2026 covering 87,719 shares at this average purchase price.
What Restricted Stock Units were granted to Mario De Tomasi at PNBK?
Mario De Tomasi was granted 66,667 Restricted Stock Units (RSUs) for Patriot National Bancorp (PNBK) on July 1, 2025. These RSUs represent the right to receive an equal number of common shares as they vest over a specified three-year schedule.
How do Mario De Tomasi’s PNBK RSUs vest over time?
The 66,667 Patriot National Bancorp (PNBK) RSUs granted to Mario De Tomasi vest in three annual tranches. The schedule is 22,222 RSUs on July 1, 2026, 22,222 RSUs on July 1, 2027, and 22,223 RSUs on July 1, 2028, subject to applicable conditions.
Are Mario De Tomasi’s PNBK RSUs linked to common stock?
Yes. The 66,667 Restricted Stock Units granted to Mario De Tomasi at Patriot National Bancorp (PNBK) are equal to 66,667 shares of common stock. As each tranche vests, he becomes entitled to receive the corresponding number of PNBK common shares.