Form 4: ConnectOne Bancorp Director Receives Restricted Stock Grant

Susan C. O'Donnell, a Director at ConnectOne Bancorp, Inc., was granted 2,613 shares of common stock as part of her compensation, vesting in May 2026.

Summary

• Susan C. O'Donnell, a Director of ConnectOne Bancorp, Inc. (CNOB), received a grant of 2,613 shares of common stock.
• The transaction date for this grant was June 2, 2025.
• The shares were granted at a price of $0, indicating they are part of a compensation package.
• These restricted shares are subject to forfeiture and will vest in full on May 2, 2026.
• Following this transaction, Ms. O'Donnell beneficially owns a total of 5,832 shares of ConnectOne Bancorp common stock.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a director is generally a positive signal as it aligns the director's interests with shareholders and serves as a retention mechanism. It's a routine compensation event, not indicative of major operational changes, but contributes to governance alignment.

Positives

• The grant of restricted stock aligns the director's interests with those of shareholders, as the value of her compensation is tied to the company's stock performance.
• It serves as a retention incentive for the director, encouraging continued service to the company until the vesting date.

Risks

• The granted shares are subject to forfeiture until they vest on May 2, 2026, meaning the director could lose the shares if certain conditions (e.g., continued employment) are not met.

Future Outlook

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

Industry Context

The granting of restricted stock to directors is a common practice in the banking and financial services industry, used to align executive and board member interests with long-term shareholder value and to retain key talent.

Stakeholder Impact

• Shareholders: The grant increases the director's ownership stake, potentially leading to greater alignment with shareholder interests.
• Employees (specifically the director): The grant provides a future equity stake, serving as a retention incentive.

Next Steps

• The restricted stock will vest in full on May 2, 2026, at which point the shares will no longer be subject to forfeiture.

Key Dates

Keywords

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