Form 4: Patriot National Bancorp CEO David Lowery Receives Stock Grant

David Christopher Lowery, CEO of Patriot National Bancorp, was granted 65,790 shares of common stock on May 6, 2024, vesting on May 6, 2027.

Summary

• David Christopher Lowery, the CEO of Patriot National Bancorp, filed a Form 4 on May 8, 2024, reporting a change in beneficial ownership.
• On May 6, 2024, Lowery was granted 65,790 shares of Patriot National Bancorp common stock under the company's 2020 Stock Plan.
• These shares will vest on May 6, 2027.
• Following the transaction, Lowery beneficially owns 80,790 shares of common stock.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing related to a stock grant, which is generally neutral in sentiment. It reflects standard executive compensation practices.

Positives

• The stock grant to the CEO could be seen as an incentive to align his interests with the long-term performance of the company.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This type of stock grant is a common practice in the financial industry to incentivize executives and align their interests with shareholders.

Stakeholder Impact

• The stock grant could potentially impact shareholder value depending on the future performance of the company.

Key Dates

Keywords

Form 4, beneficial ownership, stock grant, PNBK, Patriot National Bancorp, David Lowery, CEO