Company: PNBK
Filing Date: 2025-05-27
Form Type: DEF 14A
Source: 0001140361-25-020413
Chunk: 44

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-27
Form: DEF 14A
Chunk 44
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 1,800,000 |

Any future awards to be made under the Omnibus Equity Incentive Plan will be subject to the discretion of our Compensation Committee. As a result, it is not possible to determine the number or type of future awards that will be granted to any person under the Omnibus Equity Incentive Plan.

32

Equity Compensation Plan Information The table below provides information as of December 31, 2024, with respect to the compensation plan under which equity securities of Patriot are authorized for issuance to directors, officers or employees:

|                                                            |     | Number of         
 securities to be  
 issued upon       
 exercise of       
 outstanding       
 options, warrants 
 and rights        
 (a)               |     | Weighted-         
 average exercise  
 price of          
 outstanding       
 options, warrants 
 and rights        
 (b)               |     |         Number of 
        securities 
         remaining 
     available for 
   future issuance 
      under equity 
      compensation 
  plans (excluding 
 securities listed 
    in column (a)) 
               (c) |
| Equity Compensation Plans Approved by the Shareholders     |     | __                |     | __                |     |            74,540 |
| Equity Compensation Plans Not Approved by the Shareholders |     | __                |     | __                |     |                __ |
| Total                                                      |     | __                |     | __                |     |            74,540 |

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE APPROVAL OF THE OMNIBUS EQUITY INCENTIVE PLAN.

33

PROPOSAL 3 - CHARTER PROPOSAL Our Board has approved and, subject to shareholder approval, adopted the Amended and Restated Certificate of Incorporation, attached to this proxy statement as Annex B. We are required to adopt this Amended and Restated Certificate of Incorporation under the Purchase Agreements that we entered into in connection with our Private Placement. Pursuant to the law of the State of Connecticut, our state of incorporation, the Board must adopt the Amended and Restated Certificate of Incorporation and submit it to shareholders for their approval. For additional information about the Private Placement, see “Questions and Answers About the Annual Meeting - Why am I voting on the Equity Plan Proposal and the Charter Proposal?” and “ Certain Relationships and Related Transactions.” The following is a brief summary of the amendments effected by the Amended and Restated Certificate of Incorporation:

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