Primiano Steven 4

What Happened Steven Primiano, Executive Vice President & Treasurer and Corporate Development Officer at ConnectOne Bancorp (CNOB), had a total of 1,512 shares withheld/sold to satisfy tax withholding on vested deferred stock units. The transactions consisted of: 496 shares at $25.95 ($12,871) and 532 shares at $25.95 ($13,805) on March 20, 2026, and 484 shares at $26.72 ($12,932) on March 23, 2026 — total proceeds roughly $39,608. These were tax-withholding disposals (routine), not open-market sell decisions.

Key Details

• Transaction dates and prices:
  • 2026-03-20: 496 shares @ $25.95 (F) — $12,871
  • 2026-03-20: 532 shares @ $25.95 (F) — $13,805
  • 2026-03-23: 484 shares @ $26.72 (F) — $12,932
• Total shares disposed/withheld: 1,512 shares; total value ≈ $39,608.
• Shares owned after transaction: Not specified in the provided filing excerpt; see the full Form 4 for total beneficial ownership.
• Footnotes:
  • F1: Withheld upon vesting of deferred stock units on March 20, 2026 (grant dated Mar 20, 2023).
  • F2: Withheld upon vesting of deferred stock units on March 20, 2026 (grant dated Mar 20, 2025).
  • F3: Withheld upon vesting of deferred stock units on March 23, 2026 (first business day after Mar 22 vesting; grant dated Mar 22, 2024).
• Filing timeliness: Form 4 filed 2026-03-24; timing appears to be within SEC Form 4 reporting requirements for these transaction dates.

Context

• Transaction code F denotes shares withheld to cover tax withholding upon vesting of deferred stock units — a routine administrative action rather than a market sale motivated by liquidity or opinion on company prospects.
• For retail investors, tax-withholding disposals are common and typically do not signal insider confidence changes; purchases would generally be more informative about insider sentiment.