ConnectOne (NASDAQ: CNOB) EVP withholds 1,512 shares to cover tax on vested units
Rhea-AI Filing Summary
ConnectOne Bancorp, Inc. executive Steven Primiano reported routine share withholdings to cover taxes on equity awards. On March 20 and March 23, 2026, a total of 1,512 shares of Common Stock were disposed of as tax-withholding transactions tied to vesting of deferred stock units granted in 2023, 2024, and 2025. These Form 4 entries are not open-market sales but payments of tax liability using shares. After these withholdings, Primiano directly holds 15,163 shares of ConnectOne Bancorp common stock.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 484 | $26.72 | $13K |
| Tax Withholding | Common Stock | 496 | $25.95 | $13K |
| Tax Withholding | Common Stock | 532 | $25.95 | $14K |
Footnotes (1)
- Reflects shares withheld for taxes upon the vesting of deferred stock units on March 20, 2026 pursuant to a grant dated March 20, 2023. Reflects shares withheld for taxes upon the vesting of deferred stock units on March 20, 2026 pursuant to a grant dated March 20, 2025. Reflects shares withheld for taxes upon the vesting of deferred stock units on March 23, 2026 (the first business day following the Sunday, March 22, 2026 vesting date) pursuant to a grant dated March 22, 2024.
FAQ
What insider transaction did CNOB executive Steven Primiano report?
Steven Primiano reported share dispositions that covered tax liabilities on vested deferred stock units. Three Form 4 transactions show shares of ConnectOne Bancorp Common Stock withheld by the issuer for taxes, rather than open-market sales, in connection with recent equity award vesting.
Were the CNOB insider transactions open-market sales of stock?
No, the transactions were not open-market sales. Each entry is coded "F," meaning shares were delivered to satisfy tax obligations upon vesting of deferred stock units, as described in the footnotes, rather than discretionary selling in the market.
What do the footnotes explain about the CNOB Form 4 transactions?
The footnotes state that the shares were withheld for taxes upon vesting of deferred stock units on March 20 and March 23, 2026. They also link each withholding to specific grant dates in 2023, 2024, and 2025 under ConnectOne Bancorp’s equity programs.
What role does the reporting person hold at ConnectOne Bancorp (CNOB)?
The reporting person, Steven Primiano, serves as Executive Vice President, Treasurer and Corporate Development Officer at ConnectOne Bancorp, Inc. His Form 4 filing reflects routine equity compensation tax-withholding activity associated with his executive compensation awards.