Form 4: ConnectOne Bancorp Director Edward J. Haye Receives Restricted Stock Grant

ConnectOne Bancorp, Inc. Director Edward J. Haye was granted 2,613 shares of restricted common stock, aligning his interests with shareholders.

Summary

• Edward J. Haye, a Director of ConnectOne Bancorp, Inc. (CNOB), acquired 2,613 shares of common stock on June 2, 2025.
• The acquisition was a grant of restricted stock, with a reported price of $0 per share, indicating it was part of a compensation plan.
• These shares are subject to forfeiture and will vest in full on May 2, 2026.
• Following this transaction, Mr. Haye beneficially owns a total of 14,232 shares of ConnectOne Bancorp, Inc. common stock.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a director is generally viewed positively as it aligns management's interests with shareholders and is a standard compensation practice. It does not indicate any immediate financial distress or significant operational changes.

Positives

• The grant of restricted stock to Director Edward J. Haye aligns his long-term interests with those of the company's shareholders, promoting sustained performance.
• The transaction represents a standard form of executive and director compensation, indicating ongoing commitment from leadership.

Negatives

• No negative aspects are directly indicated by this routine insider stock grant.

Risks

• This Form 4 filing does not disclose specific risks to the company's operations or financial health.

Future Outlook

The granted restricted stock is scheduled to vest in full on May 2, 2026, indicating a future milestone for the director's equity compensation.

Industry Context

Stock grants, particularly restricted stock, are a common component of executive and director compensation packages across the financial services and banking sectors. This practice aims to incentivize long-term performance and align leadership interests with shareholder value.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with long-term shareholder value creation.
• Employees: While not directly impacting all employees, such compensation practices can set precedents for executive incentives.

Next Steps

• The restricted stock granted to Edward J. Haye is scheduled to vest in full on May 2, 2026.

Key Dates

Keywords

ConnectOne Bancorp, CNOB, SEC Form 4, Insider Transaction, Restricted Stock Grant, Director Compensation, Beneficial Ownership, Equity Compensation, Financial Services, Banking