Form 4: ConnectOne Bancorp Director Daniel E. Rifkin Reports Stock Grant

Director Daniel E. Rifkin reported the acquisition of 3,219 shares of ConnectOne Bancorp restricted stock on June 3, 2024, vesting fully on May 3, 2025.

Summary

• On June 3, 2024, Daniel E. Rifkin, a director of ConnectOne Bancorp, Inc. (CNOB), acquired 3,219 shares of common stock.
• These shares were granted as restricted stock, subject to forfeiture.
• The restricted stock will vest in full on May 3, 2025.
• Following the transaction, Rifkin directly owns 201,640 shares of ConnectOne Bancorp common stock.
• Rifkin also indirectly owns 16,856 shares through his spouse.

Sentiment

Score: 6

Explanation: The document is a neutral regulatory filing. The stock grant could be viewed as slightly positive, indicating confidence by the company in its director.

Positives

• The acquisition of restricted stock by a director can be seen as a positive sign, aligning the director's interests with the long-term performance of the company.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company directors. It is common for directors to receive stock grants as part of their compensation.

Stakeholder Impact

• The stock grant to a director aligns their interests with those of shareholders.

Key Dates