Form 4: ConnectOne Bancorp EVP Elizabeth Magennis Reports Stock Transactions

Elizabeth Magennis, EVP & Bank President of ConnectOne Bancorp, reports acquisition of deferred stock units and disposition of shares for tax withholding.

Summary

• Elizabeth Magennis, EVP & Bank President of ConnectOne Bancorp, filed a Form 4 detailing changes in beneficial ownership.
• On March 22, 2024, she acquired 8,309 shares of common stock as a grant of deferred stock units vesting over three years.
• She disposed of 1,115 shares on March 23, 2024, at $19.01 per share and 1,144 shares on March 25, 2024, at $18.98 per share for tax withholding purposes related to vesting deferred stock units.
• Following these transactions, Magennis beneficially owns 126,356 shares of ConnectOne Bancorp common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports routine stock transactions related to compensation and tax obligations.

Positives

• The acquisition of deferred stock units indicates confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine compensation and tax-related activities.

Key Dates