Form 4: Patriot National Bancorp Director Grace Doherty Reports Stock Grant and Disposal

Director Grace Doherty reports receiving a grant of 3,846 shares of Patriot National Bancorp common stock and disposing of 4,818 shares.

Summary

• On May 6, 2024, Grace Doherty, a director of Patriot National Bancorp, reported a transaction involving the company's common stock.
• Doherty was granted 3,846 shares of common stock under the Issuer's 2020 Stock Plan.
• These shares will vest annually in equal installments over four years, starting December 31, 2024.
• Doherty also disposed of 4,818 shares.
• Following these transactions, Doherty beneficially owns 4,818 shares of Patriot National Bancorp.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document primarily reports transactions without providing explicit positive or negative signals. The grant is positive, the disposal is negative, so they balance out.

Positives

• The stock grant to a director could be seen as an incentive to align their interests with the company's long-term success.

Negatives

• The disposal of 4,818 shares by a director could be interpreted negatively by the market, although the reason for disposal is not disclosed.

Risks

• The disposal of shares by a director could create uncertainty among investors.

Industry Context

Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's prospects. Grants are normal, disposals need to be considered in context.

Stakeholder Impact

• Shareholders may react to the reported transactions, potentially influencing the stock price.

Key Dates

Keywords

Patriot National Bancorp, PNBK, Grace Doherty, Director, Stock Grant, Share Disposal, Beneficial Ownership, Form 4