Form 4: ConnectOne Bancorp Executive Laura Criscione Reports Stock Transactions
SEC Form 4 Filing
Laura Criscione, EVP & Chief Compliance Officer of ConnectOne Bancorp, reports the disposal of shares to cover tax obligations related to vested deferred stock units.
Summary
- On March 22, 2025, Laura Criscione disposed of 560 shares of ConnectOne Bancorp common stock at a price of $23.55 per share to cover tax withholding related to vested deferred stock units.
- These shares vested on March 22, 2025, pursuant to a grant of deferred stock units on March 22, 2024.
- On March 25, 2025, Ms. Criscione disposed of 434 shares at $23.73 per share for tax withholding related to shares vested on March 25, 2025, from a grant on March 25, 2022.
- Following these transactions, Ms. Criscione directly owns 102,018 shares of ConnectOne Bancorp common stock.
- She also indirectly owns 780 shares as custodian for her daughter.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes. It doesn't convey strong positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored for insights into management's perspective on the company's valuation and future prospects.
Comparison to Industry Standards
- Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
- Similar filings are required for executives at comparable regional banks like New York Community Bancorp (NYCB) and Valley National Bancorp (VLY).
- The reported transactions are typical for executives receiving stock-based compensation, where shares are often sold to cover tax obligations upon vesting.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, as they represent a small percentage of the total outstanding shares.
- The transactions reflect standard compensation practices for company executives.
Key Dates
| Date | Description |
|---|---|
| 03/25/2022 | Date of grant of deferred stock units related to March 25, 2025 vesting. |
| 03/22/2024 | Date of grant of deferred stock units related to March 22, 2025 vesting. |
| 03/21/2025 | Closing price used for tax withholding calculation due to vesting date occurring on a Saturday. |
| 03/22/2025 | Vesting date of deferred stock units; disposal of 560 shares for tax withholding. |
| 03/25/2025 | Vesting date of deferred stock units; disposal of 434 shares for tax withholding. |
| 03/26/2025 | Date of Form 4 filing. |
Keywords
Form 4, ConnectOne Bancorp, CNOB, Laura Criscione, Stock Disposal, Tax Withholding, Deferred Stock Units, Beneficial Ownership
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