Mario De Tomasi, a director at Patriot National Bancorp Inc. (NASDAQ: PNBK), increased his holdings on May 20, 2026, purchasing 87,719 shares worth $100,876.
The shares were bought on the open market at an average price of $1.15 each. After this transaction, Mr. De Tomasi directly owns 102,719 shares. The stock now trades at $1.07, down 82% over the past year. Bond.az analysis indicates a "WEAK" financial health score of 1.11, suggesting the stock may be overvalued.
Additionally, on July 1, 2025, Mr. De Tomasi received 66,667 Restricted Stock Units (RSUs). These vest over three years: 22,222 on July 1, 2026; 22,222 on July 1, 2027; and 22,223 on July 1, 2028.
In other news, Patriot National Bancorp announced the departure of Frederick Staudmyer from his roles as Executive Vice President and Chief Administrative Officer. He will provide consulting services during the transition after nearly twelve years with the company.
