Form 4: ConnectOne Bancorp EVP Laura Criscione Reports Stock Transactions
SEC Form 4
Laura Criscione, EVP & Chief Compliance Officer of ConnectOne Bancorp, reports acquisition and disposal of company stock due to performance units and tax withholdings.
Summary
- Laura Criscione, EVP & Chief Compliance Officer of ConnectOne Bancorp, reported several transactions involving the company's common stock.
- On March 19, 2025, she acquired 2,400 shares related to earned performance units granted on March 25, 2022.
- Also on March 19, 2025, 1,200 shares were disposed of to cover tax withholdings related to the performance units at a price of $24.01.
- On March 20, 2025, 832 shares were disposed of for tax withholding related to deferred stock units vesting on the same day at a price of $23.59.
- Additionally, on March 20, 2025, she was granted 3,047 deferred stock units that vest over three years.
- Following these transactions, Criscione directly owns 99,965 shares of common stock and indirectly owns 780 shares as custodian for her daughter.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transactions are related to compensation and tax obligations, with no clear indication of positive or negative sentiment towards the company's future.
Positives
- Laura Criscione's acquisition of 2,400 shares indicates a potential positive outlook or reward for past performance.
- The grant of 3,047 deferred stock units suggests continued confidence in her role and the company's future.
Future Outlook
The deferred stock units granted on March 20, 2025, vest over a three-year period, suggesting a long-term incentive for the reporting person.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in company stock, which can be an indicator of management's view on the company's prospects.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine compensation-related activities.
Key Dates
| Date | Description |
|---|---|
| 03/25/2022 | Date of original grant of performance units. |
| 03/20/2023 | Date of grant of deferred stock units. |
| 03/19/2025 | Date of common stock acquisition and disposal for tax withholding. |
| 03/20/2025 | Date of common stock disposal for tax withholding and grant of deferred stock units. |
| 03/20/2026 | First vesting date (1/3) of deferred stock units. |
| 03/20/2027 | Second vesting date (1/3) of deferred stock units. |
| 03/20/2028 | Final vesting date (1/3) of deferred stock units. |
| 03/21/2025 | Date of Form 4 signature. |
Keywords
Form 4, ConnectOne Bancorp, Laura Criscione, Stock Transactions, Beneficial Ownership, Performance Units, Deferred Stock Units, Tax Withholding
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