Form 4: ConnectOne Bancorp Executive William S. Burns Reports Stock Transactions
SEC Form 4 Filing
Senior EVP & CFO of ConnectOne Bancorp, William S. Burns, reports acquisition of deferred stock units and tax withholding transactions.
Summary
- William S. Burns, Senior EVP & CFO of ConnectOne Bancorp, reported transactions involving ConnectOne Bancorp, Inc. [CNOB] common stock.
- On March 22, 2024, Burns acquired 7,724 deferred stock units.
- These units vest in three equal installments on March 22, 2025, March 22, 2026, and March 22, 2027.
- On March 23, 2024, 1,065 shares were disposed of at $19.01 for tax withholding related to vesting deferred stock units granted on March 23, 2021.
- On March 25, 2024, 1,064 shares were disposed of at $18.98 for tax withholding related to vesting deferred stock units granted on March 25, 2022.
- Following these transactions, Burns beneficially owns 121,475 shares of ConnectOne Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't convey any particular positive or negative sentiment about the company's performance or future prospects.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect a broader trend in the banking industry but rather individual compensation and tax planning.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Grant of 7,724 deferred stock units |
| 03/23/2024 | Tax withholding for shares vested from 2021 grant |
| 03/25/2024 | Tax withholding for shares vested from 2022 grant |
| 03/22/2025 | First vesting date (1/3) of deferred stock units granted on 03/22/2024 |
| 03/22/2026 | Second vesting date (1/3) of deferred stock units granted on 03/22/2024 |
| 03/22/2027 | Final vesting date (1/3) of deferred stock units granted on 03/22/2024 |
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