Form 4: First of Long Island Director Disposes of All Shares Following ConnectOne Bancorp Merger

A recent SEC Form 4 filing reveals that Peter Quick, a Director of First of Long Island Corp (FLIC), has disposed of all his beneficial ownership in FLIC common stock as a result of the company's merger with ConnectOne Bancorp, Inc.

Summary

• Peter Quick, a Director of First of Long Island Corp (FLIC), reported the disposition of all his beneficial ownership in FLIC common stock.
• The transactions occurred on June 1, 2025, and were a direct result of the previously announced merger between FLIC and ConnectOne Bancorp, Inc.
• A total of 54,095 shares held directly were disposed of.
• An additional 15,000 shares held indirectly through an LLC were disposed of.
• Furthermore, 500 shares held indirectly through a Trust were also disposed of.
• Following these transactions, Peter Quick's beneficial ownership in FLIC common stock is 0 shares.
• Pursuant to the merger agreement dated September 4, 2024, each outstanding share of FLIC 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: 7

Explanation: The document is a factual report of a mandatory insider transaction filing following a merger. It is neutral in tone and content, simply reporting the mechanics of share conversion due to a corporate action.

Future Outlook

The document primarily reports a past transaction related to a completed merger, thus it does not provide forward-looking statements or guidance for First of Long Island Corp as a standalone entity. The future outlook is now tied to ConnectOne Bancorp, Inc.

Industry Context

This filing reflects the finalization of a merger within the banking sector, a common trend as financial institutions seek scale and efficiency through consolidation. The conversion of shares indicates the integration of First of Long Island Corp into ConnectOne Bancorp, Inc., impacting the regional banking landscape.

Stakeholder Impact

• Shareholders of First of Long Island Corp (FLIC) had their shares converted into ConnectOne Bancorp, Inc. common stock as per the merger agreement, impacting their investment holdings and future returns based on the performance of the combined entity.

Key Dates

Keywords

First of Long Island Corp, FLIC, ConnectOne Bancorp, Merger, Insider Transaction, Form 4, Beneficial Ownership, Peter Quick, Banking Sector