Form 4: First of Long Island Corp Director Converts Shares Following ConnectOne Bancorp Merger

First of Long Island Corp Director Denise Strain reported the disposition of all her 31,104 common shares, which were converted into ConnectOne Bancorp, Inc. stock as part of the previously announced merger.

Summary

• Denise Strain, a Director of First of Long Island Corp (FLIC), reported a change in her beneficial ownership of securities.
• On June 1, 2025, Ms. Strain disposed of 31,104 shares of FLIC common stock.
• Following this transaction, Ms. Strain's beneficial ownership of FLIC common stock is 0 shares.
• This disposition occurred pursuant to the Agreement and Plan of Merger, dated September 4, 2024, between First of Long Island Corp and ConnectOne Bancorp, Inc.
• Each outstanding share of First of Long Island Corp common stock was converted into the right to receive 0.5175 shares of ConnectOne Bancorp, Inc. common stock, with cash paid in lieu of fractional shares.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual disclosure of a share conversion resulting from a pre-announced merger, indicating the completion of a corporate action rather than new positive or negative developments.

Future Outlook

This document does not provide any forward-looking statements or guidance beyond the details of the completed merger transaction.

Industry Context

This filing reflects the ongoing consolidation trend within the banking sector, where smaller regional banks are often acquired by larger entities to achieve economies of scale and expand market reach. The conversion of shares is a standard procedure following the completion of such mergers.

Stakeholder Impact

• Shareholders of First of Long Island Corp had their shares converted into ConnectOne Bancorp, Inc. common stock as per the terms of the merger agreement, impacting their ownership structure and future investment vehicle.

Key Dates

Keywords

SEC Form 4, insider transaction, beneficial ownership, First of Long Island Corp, FLIC, ConnectOne Bancorp Inc., merger, stock conversion, Denise Strain, director