Form 4: ConnectOne Director Gifts Common Shares

ConnectOne Bancorp Director Stephen T. Boswell reported a charitable gift of 11,700 common shares.

Summary

• Stephen T. Boswell, a Director of ConnectOne Bancorp, Inc. (CNOB), reported a change in beneficial ownership.
• The transaction involved a charitable gift of 11,700 shares of Common Stock.
• The transaction date was August 13, 2025, with a reported price of $0 per share, consistent with a gift.
• Following this transaction, Mr. Boswell directly beneficially owns 77,674.455 shares of Common Stock.
• Additionally, Mr. Boswell indirectly beneficially owns 268,766.733 shares held by an irrevocable trust for the benefit of his spouse and descendants.

Sentiment

Score: 5

Explanation: The filing is a standard Form 4 reporting an insider's personal transaction (a charitable gift). It provides no information about the company's financial performance, operational status, or strategic direction, thus it is neutral in sentiment regarding the company's prospects.

Positives

• The director continues to hold a substantial beneficial ownership in the company, both directly and indirectly, indicating continued alignment with shareholder interests.

Negatives

• The transaction represents a reduction in the director's direct beneficial ownership of common stock.

Risks

• No specific company-related operational or financial risks were disclosed in this Form 4 filing. The filing primarily details a personal transaction by an insider.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Industry Context

This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitive dynamics within the banking sector.

Related Party Transactions

• Indirect beneficial ownership of 268,766.733 shares is held by an irrevocable trust for the benefit of the reporting person's spouse and descendants, with the spouse, adult daughter, and an unrelated third person serving as trustees.

Stakeholder Impact

• Shareholders: Minimal direct impact, as it's a personal transaction by a director and not indicative of company performance.
• Employees, Customers, Suppliers, Creditors: No direct impact from this filing.

Key Dates

Keywords

ConnectOne Bancorp, CNOB, Form 4, insider transaction, beneficial ownership, director, stock gift, charitable donation