William Paul Simmons, EVP and Chief Credit Officer of Patriot National Bancorp Inc, filed a Form 4 on October 30, 2026, disclosing the acquisition of 422,486 shares of restricted common stock on October 28, 2026.

Key Highlights

  • Grant date: October 28, 2026, awarded by the Compensation, Nominating and Governance Committee.
  • Shares acquired: 422,486 shares of restricted common stock, transaction coded as an acquisition (A).
  • Grant price: $0.8521 per share, reflecting the closing price of the issuer's common stock on the grant date.
  • Award value: The award was valued at $360,000, according to the filing's explanation of responses.
  • Vesting date: Shares vest in full on March 31, 2027, subject to continued employment through that date.
  • Beneficial ownership following transaction: 634,043 shares of common stock held directly.
  • Plan: The grant was made under the issuer's 2025 Omnibus Equity Incentive Plan.

Details of the Restricted Stock Award to William Paul Simmons

According to the Form 4 filed with the SEC on October 30, 2026, William Paul Simmons, who serves as EVP and Chief Credit Officer of Patriot National Bancorp Inc (NASDAQ:PNBK), reported the acquisition of 422,486 shares of the company's common stock on October 28, 2026. The filing identifies the transaction as an award (code A) and indicates the shares were granted under the issuer's 2025 Omnibus Equity Incentive Plan by the Compensation, Nominating and Governance Committee.

The filing states that the award was valued at $360,000 based on the closing price of the issuer's common stock on the grant date, which corresponds to the per-share price of $0.8521 listed in the transaction table. According to the explanation of responses, the restricted shares vest in full on March 31, 2027, contingent on the reporting person's continued employment through that date. No derivative securities were reported in connection with this transaction.

Following the reported transaction, the filing discloses that Simmons directly holds 634,043 shares of common stock. The Form 4 was filed by one reporting person and was signed by William Paul Simmons on October 30, 2026.

What Was Disclosed

Patriot National Bancorp Inc's EVP and Chief Credit Officer, William Paul Simmons, disclosed a grant of 422,486 restricted shares valued at $360,000 under the 2025 Omnibus Equity Incentive Plan, vesting in full on March 31, 2027, subject to continued employment.