Company: PNBK
Filing Date: 2025-05-16
Form Type: PRE 14A
Source: 0001140361-25-019517
Chunk: 21

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-16
Form: PRE 14A
Chunk 21
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  Earned 
      or 
 Paid in 
    Cash |     |     Stock 
 Awards(1) |     |   Total |
| Edward N. Constantino |     | $71,050 |     |   $14,346 |     | $85,396 |
| Emile Van den Bol     |     |  69,500 |     |    14,346 |     |  83,846 |
| Michael J. Weinbaum   |     |  49,000 |     |    14,346 |     |  63,346 |
| Grace Doherty         |     |  39,500 |     |    14,346 |     |  53,846 |
| Steven A. Sugarman    |     |       — |     |         — |     |       — |

| (1) | The “Stock Awards” column represents the aggregate grant date fair value computed in accordance with ASC Topic 718 for awards of restricted stock granted under our 2020 Plan during fiscal 2024. We calculated the estimated fair value of the restricted stock awards using the market price of our common stock on the grant date. As of December 31, 2024, the aggregate number of unvested stock awards held by each of our non-employee directors was as follows: Edward N. Constantino - 3,846; Emile Van den Bol -3,846; Michael J. Weinbaum - 3,846; and Grace Doherty - 3,846. |

The Company’s directors who are also executive officers do not receive compensation for service on the Board of Directors or any of its committees. On an annual basis, each non-employee director receives $1,150 for each board meeting in which they participate and annual retainer fees totaling $19,100. They also receive fees ranging from $375 to $750 for each committee meeting in which they participate. In addition, non-employee directors who serve as the chair of a committee receive additional retainer fees ranging from $3,000 to $9,200 per year. In addition, each non-employee director receives an annual equity grant of restricted stock units with a grant date value of approximately $14,346 for Edward N. Constantino, Emile Van den Bol, Michael J. Weinbaum, and Grace Doherty. The restricted stocks will vest in full in four equal annual installments, beginning on the first anniversary of the grant date.The Company’s