PB BANCORP, INC. (NASDAQ:PBBI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02

(e)On March 30, 2017, PB Bancorp, Inc. (the Company) granted a
total of 392,330 stock options and 147,750 restricted stock
awards under the PB Bancorp, Inc. 2017 Equity Incentive Plan (the
Plan) to officers, employees and directors of the Company and
Putnam Bank. Each award granted under the Plan is evidenced by an
award agreement signed by the grantee. Attached hereto as
Exhibits 10.1 through 10.3, respectively, are forms of Incentive
Stock Option Award Agreement, Non-Statutory Stock Option Award
Agreement, and Restricted Stock Award Agreement (collectively,
the Agreements).

The Incentive Stock Option Award Agreement and the Non-Statutory
Stock Option Award Agreement provide the terms of individual
option grants, including the number of options granted, the
exercise price per share, the date of grant, the vesting
schedule, restrictions on transfer, the effect of termination
under certain conditions, and the term and expiration date of the
options.

The Restricted Stock Award Agreement provides the terms of
individual restricted stock awards, including the number of
shares awarded, the vesting schedule, restrictions on transfer,
grantee rights prior to vesting of awards, and the effect of
termination under certain conditions.

The foregoing description of the material terms of the Agreements
does not purport to be complete and is qualified in its entirety
by reference to Exhibits 10.1 to 10.3, which are incorporated
herein by reference.

The following Exhibits are attached as part of this report:

About PB BANCORP, INC. (NASDAQ:PBBI)

PB Bancorp Inc is a bank holding company. The company was founded in September 2015 and is located in Putnam, Connecticut.

PB BANCORP, INC. (NASDAQ:PBBI) Recent Trading Information

PB BANCORP, INC. (NASDAQ:PBBI) closed its last trading session at with 10,557 shares trading hands.