Company: PNBK
Filing Date: 2025-05-27
Form Type: DEF 14A
Source: 0001140361-25-020413
Chunk: 31

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-27
Form: DEF 14A
Chunk 31
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440 |     | —         |     |   -8,333 |     |  -31,440 |     |         — |     |        — |     |        — |     |  -10,480 |
| Add: fair value of unvested equity awards held as of the end of the covered fiscal year                                                                               |     |  250,002 |     | —         |     |    3,334 |     |        — |     |         — |     |        — |     |        — |     |          |
| Add: fair value of granted and vested equity held as of the end of the covered fiscal year                                                                            |     |        — |     | —         |     |      853 |     |        — |     |         — |     |        — |     |        — |     |        — |
| Add (or Subtract): change in fair value of the unvested equity award from the prior fiscal year to the end of the covered fiscal year                                 |     |   -5,671 |     | —         |     |   -3,186 |     |  -40,618 |     |         — |     |        — |     |        — |     |  -14,850 |
| Add (or Subtract): change in fair value of the vested equity award from the prior fiscal year to the date on which the equity award vested in the covered fiscal year |     |    5,820 |     | —         |     |    1,855 |     |   11,491 |     |           |     |        — |     |        — |     |   10,600 |
| Compensation Actually Paid                                                                                                                                            |     |  634,416 |     | —         |     |  504,892 |     |  373,729 |     |   274,285 |     |  324,099 |     |  510,787 |     |  271,799 |

Robert G. Russell served as our Director, President and Chief Executive Officer (PEO) until April 21, 2023. On the same day, David Lowery was appointed to replace Mr. Russell as Director, President and Chief Executive Officer (PEO).

24

Relationships Between Performance Measures and Compensation Actually Paid The charts below demonstrate the relationship between Compensation Actually Paid (“CAP”) to our NEOs and Total Shareholder Return (“TSR”), and Net Income (Loss)