Form 4: ConnectOne Bancorp Director Receives Restricted Stock Grant

ConnectOne Bancorp Director Frank W. Baier was granted 2,613 shares of restricted common stock, vesting in May 2026.

Summary

• Frank W. Baier, a Director of ConnectOne Bancorp, Inc. (CNOB), was granted 2,613 shares of common stock.
• The transaction date for this acquisition was June 2, 2025.
• The shares were acquired at a price of $0, indicating a grant of restricted stock.
• These restricted shares are subject to forfeiture and will vest in full on May 2, 2026.
• Following this transaction, Mr. Baier beneficially owns a total of 107,714 shares of ConnectOne Bancorp common stock.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a director is a positive for the individual as compensation and aligns interests with shareholders, representing a routine compensation event for the company without indicating any significant operational or financial changes.

Positives

• The grant of restricted stock to a director aligns management's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• Receiving shares at a $0 price represents a direct form of compensation for the director, enhancing their overall remuneration package.

Future Outlook

The document indicates a future vesting event for the granted restricted stock on May 2, 2026, which will convert the restricted shares into fully owned common stock for the director.

Industry Context

The grant of restricted stock to directors is a common practice across various industries, including the financial sector, as a form of long-term incentive and compensation, aiming to align the interests of directors with the company's long-term performance and shareholder value.

Comparison to Industry Standards

• The grant of restricted stock is a standard form of equity compensation for directors and executives in publicly traded companies, including those in the banking and financial services sector like ConnectOne Bancorp.
• This practice is consistent with corporate governance norms that seek to incentivize long-term commitment and performance from board members.

Stakeholder Impact

• Shareholders: The grant of restricted stock to a director can be seen as a positive for shareholders as it aligns the director's financial interests with the long-term performance of the company's stock.

Next Steps

• The restricted stock granted to Frank W. Baier is scheduled to vest in full on May 2, 2026.

Key Dates

Recommendation

Keywords

ConnectOne Bancorp, CNOB, Form 4, Insider Transaction, Restricted Stock, Stock Grant, Director Compensation, Equity Compensation