Form 4: ConnectOne Bancorp Director Receives Restricted Stock Grant Under 10b5-1 Plan

ConnectOne Bancorp, Inc. Director Anson M. Moise was granted 2,613 shares of restricted common stock, vesting in May 2026, as reported in a recent SEC Form 4 filing.

Summary

• Anson M. Moise, a Director of ConnectOne Bancorp, Inc. (CNOB), was granted 2,613 shares of common stock.
• The transaction date for this grant is reported as June 2, 2025, indicating a future transaction made pursuant to a Rule 10b5-1(c) plan.
• The shares were acquired at a price of $0, signifying a stock grant rather than a purchase.
• This grant represents restricted stock subject to forfeiture.
• The restricted stock is scheduled to vest in full on May 2, 2026.
• Following this transaction, Mr. Moise will beneficially own 13,611 shares of ConnectOne Bancorp common stock directly.

Sentiment

Score: 6

Explanation: The grant of restricted stock to a director is a standard compensation practice, aligning interests with shareholders. It's a neutral to slightly positive event as it indicates ongoing commitment and compensation for board service, but doesn't reflect operational performance or new strategic initiatives.

Positives

• The grant of restricted stock aligns the director's interests with long-term shareholder value through future vesting.
• The transaction was made under a Rule 10b5-1(c) plan, indicating a pre-arranged and compliant transaction.

Risks

• The restricted stock is subject to forfeiture, meaning the director may not ultimately receive the shares if vesting conditions are not met.

Future Outlook

The document indicates a future vesting event for the granted restricted stock on May 2, 2026.

Industry Context

This is a routine insider transaction filing for director compensation, common across all publicly traded companies, and does not reflect broader industry trends.

Related Party Transactions

• The grant of restricted stock to a director (Anson M. Moise) by ConnectOne Bancorp, Inc. constitutes a related party transaction, as it involves compensation from the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The grant of restricted stock aligns the director's long-term interests with shareholders, as the value of the grant is tied to the company's stock performance. It also represents a form of compensation that dilutes existing shares over time, though typically a minor amount.

Next Steps

• The restricted stock granted to Director Anson M. Moise is scheduled to vest in full on May 2, 2026.

Key Dates

Keywords

ConnectOne Bancorp, CNOB, SEC Form 4, Restricted Stock, Stock Grant, Director Compensation, Insider Transaction, Beneficial Ownership, Rule 10b5-1