Form 4: ConnectOne Bancorp Director Nicholas Minoia Receives Restricted Stock Grant and Boosts Holdings

ConnectOne Bancorp, Inc. Director Nicholas Minoia was granted 2,613 shares of restricted common stock, vesting in May 2026, and acquired additional shares through the company's dividend reinvestment plan.

Summary

• ConnectOne Bancorp, Inc. Director Nicholas Minoia received a grant of 2,613 shares of common stock on June 2, 2025.
• These shares are restricted stock, subject to forfeiture, and are scheduled to vest in full on May 2, 2026.
• The transaction price for the granted shares was $0, indicating a compensatory grant rather than a purchase.
• Following this reported transaction, Mr. Minoia's total beneficial ownership stands at 69,760.1666 shares of common stock.
• This total beneficial ownership includes 1,565.9156 shares that were acquired through the Company's Dividend Reinvestment & Optional Cash Purchase Plan.

Sentiment

Score: 7

Explanation: The grant of restricted stock and participation in the dividend reinvestment plan by a director is generally viewed positively as it aligns management's interests with those of shareholders and indicates confidence in the company's future performance.

Positives

• Director Nicholas Minoia received a grant of 2,613 shares of restricted stock, which aligns his interests with those of the company's shareholders.
• The director also increased his holdings by 1,565.9156 shares through the company's Dividend Reinvestment & Optional Cash Purchase Plan, demonstrating continued investment and confidence in the company.

Risks

• The 2,613 shares of restricted stock granted to Director Minoia are subject to forfeiture until they fully vest on May 2, 2026.

Future Outlook

The document indicates a future vesting event for the restricted stock grant on May 2, 2026, which is a standard component of long-term incentive compensation.

Industry Context

This Form 4 filing represents a routine insider transaction disclosure for a financial institution, reflecting standard executive and director compensation practices that often involve equity grants to align management incentives with shareholder value. Such grants are common across the banking sector to foster long-term commitment and performance.

Related Party Transactions

• The grant of 2,613 shares of restricted stock to Director Nicholas Minoia constitutes a related party transaction as it involves compensation from the company to a member of its board.

Stakeholder Impact

• Shareholders: The grant of restricted stock to a director helps align management's long-term interests with shareholder value creation, potentially leading to more favorable governance and strategic decisions.
• Employees: While not directly impacting all employees, such compensation practices for directors can set a precedent for equity-based incentives within the company.

Next Steps

• The 2,613 shares of restricted stock are scheduled to vest in full on May 2, 2026.

Key Dates

Recommendation

Keywords

ConnectOne Bancorp, CNOB, SEC Form 4, insider transaction, restricted stock, stock grant, director compensation, dividend reinvestment plan, beneficial ownership