Form 4: Roth Acquires Patriot National Bancorp Stock

Jonathan Paul Roth, a Director at Patriot National Bancorp Inc., acquired 12,575 shares of common stock upon the vesting of Restricted Stock Units.

Summary

• Jonathan Paul Roth, a Director of Patriot National Bancorp Inc., acquired 12,575 shares of common stock on July 1, 2026.
• This acquisition occurred as a result of the vesting and settlement of Restricted Stock Units (RSUs) granted on November 19, 2025.
• The RSUs were granted for a total of 37,727 shares, vesting over three years.
• The first installment of 12,575 RSUs vested on July 1, 2026, with the company delivering shares of common stock.
• No monetary consideration was paid by Mr. Roth for these shares.
• Following this transaction, Mr. Roth beneficially owns 13,825 shares directly and 25,152 shares indirectly through the remaining vested RSUs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine vesting of previously granted stock units rather than a new investment or sale by an insider.

Positives

• Director acquisition of company stock can signal confidence in the company's future prospects.
• The vesting of RSUs indicates continued compensation and incentive alignment for management.
• The transaction involved no cash outlay from the reporting person, suggesting it was part of a pre-existing compensation plan.

Negatives

• The filing only details a routine vesting event and does not reflect new investment or a change in strategic direction.
• The number of shares acquired is a small portion of the total RSUs granted, with the majority still subject to future vesting.

Risks

• The filing does not explicitly mention any new risks or changes to existing risk factors.
• The value of the acquired shares is subject to market fluctuations and the overall performance of Patriot National Bancorp Inc.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports a past transaction.

Industry Context

StockSavvy.ai notes that insider transactions, such as the vesting and acquisition of shares by directors, are common in the banking sector as part of executive compensation and incentive programs. These events are closely watched by investors for signals of management's confidence in the company's performance.

Stakeholder Impact

• Shareholders: The acquisition by a director may be viewed positively as a sign of commitment, but the transaction itself does not immediately impact share price as it's a pre-planned vesting event.
• Employees: The vesting of RSUs reinforces the incentive structure for key personnel.
• Management: The transaction confirms the fulfillment of a compensation agreement for the director.

Next Steps

• The remaining installments of RSUs are scheduled to vest on July 1, 2027 (12,575 shares) and July 1, 2028 (12,576 shares), subject to the terms of the grant.

Key Dates

Keywords

Form 4, SEC Filing, Insider Transaction, Patriot National Bancorp, PNBK, Stock Vesting, Restricted Stock Units, Jonathan Paul Roth, Director, Common Stock