Form 4: ConnectOne Bancorp EVP Michael O'Malley Reports Tax Withholding on Vested Shares
SEC Form 4 Filing
Michael O'Malley, EVP & Chief Risk Officer of ConnectOne Bancorp, reports tax withholding on vested deferred stock units.
Summary
- On March 20, 2024, Michael O'Malley, EVP & Chief Risk Officer of ConnectOne Bancorp, Inc. (CNOB), had 898 shares of common stock withheld for tax purposes.
- The withholding was related to the vesting of deferred stock units granted on March 20, 2023.
- The price per share for the tax withholding was $19.57.
- Following the transaction, O'Malley directly owns 6,824 shares of ConnectOne Bancorp, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding tax withholding on vested shares, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/20/2023 | Date of grant of deferred stock units. |
| 03/20/2024 | Date of tax withholding on vested shares. |
| 03/22/2024 | Date of signature on the Form 4 filing. |
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