Patrick J. Sullivan, president of Pittsfield-based Legacy Bancorp Inc. and chief executive officer and president of Legacy Bank has been granted inducement stock awards from the company’s compensation committee.

Sullivan was granted 25,000 non-qualified stock options and 10,000 shares of restricted stock that will vest at the rate of 20 percent per year over a 5-year period.

The exercise price of the options is $9.24, the closing price of the company’s stock on the grant date. In addition, Sullivan was granted up to 40,000 performance shares which may be earned upon the attainment of prescribed return on average equity benchmarks as compared to the company’s peers.