Company: PNBK
Filing Date: 2025-08-05
Form Type: 8-K
Source: 0001437749-25-024898
Chunk: 3

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-08-05
Form: 8-K
Item: Item 3.02
Chunk 3
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 the end of each calendar year an annual equity award (the “ Annual Equity Award”) equal to 0.5% multiplied by the number of outstanding shares of Common Stock of the Company as of the most recent year end minus the greater of (A) the amount of Common Stock previously issued to Mr. Salas in connection with his Initial Equity Award and Annual Equity Awards and (B) 100,000,000 shares of Common Stock. The foregoing description of the Salas Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Salas Employment Agreement, which is attached to this Current Report on Form 8-K as Exhibit 10.3, and incorporated by reference herein.

Appointment of Mario De Tomasi