Farmington Bank parent First Connecticut Bancorp has granted stock options to its two newest board members, the company said in a filing with the U.S. Securities & Exchange Commission.
Patience “Duby” McDowell and James T. Healy, who were appointed to the board on July 23, received 10,000 stock options of common stock apiece, the filing said.
Of the total options, 20 percent are exercisable immediately at the company’s Sept. 22 closing price of $14.86. The remainder will vest annually in 20 percent increments.
First Connecticut’s stock was trading at $14.64, down 23 cents, Thursday mid-morning.
