Burns William S 4
4 · ConnectOne Bancorp, Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
ConnectOne (CNOB) CFO William S. Burns Sells Shares for Taxes
What Happened
William S. Burns, Senior Executive Vice President and Chief Financial Officer of ConnectOne Bancorp (CNOB), had a total of 4,917 shares withheld to satisfy tax withholding when deferred stock units vested. The withholding transactions disposed of: 2,211 shares at $25.95 ($57,375) and 1,418 shares at $25.95 ($36,797) on March 20, 2026, and 1,288 shares at $26.72 ($34,415) on March 23, 2026 — aggregate value ≈ $128,587. These were tax-withholding dispositions (transaction code F), not open-market sales for investment purposes.
Key Details
- Filing date: March 24, 2026. Report period includes transactions dated March 20 and March 23, 2026.
- Individual transactions:
- 3/20/2026: 2,211 shares withheld at $25.95 for $57,375 (F; grant dated 3/20/2023 — F1).
- 3/20/2026: 1,418 shares withheld at $25.95 for $36,797 (F; grant dated 3/20/2025 — F2).
- 3/23/2026: 1,288 shares withheld at $26.72 for $34,415 (F; vesting effective 3/23/2026 for grant dated 3/22/2024 — F3).
- Shares owned after the transactions: not disclosed in the provided filing excerpt.
- Transaction code meaning: F = shares withheld to satisfy tax withholding on vested awards (routine, not a market sale).
- Timeliness: Form 4 filed March 24, 2026 — the filing appears timely under Form 4 reporting rules.
Context
These dispositions reflect "sell-to-cover" style tax withholding upon the vesting of deferred stock units (grants from 2023, 2024 and 2025). Such routine tax-withholding transactions are common and do not necessarily indicate a change in the insider's view of the company’s prospects.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-20$25.95/sh−2,211$57,375→ 126,147 total - Tax Payment
Common Stock
[F2]2026-03-20$25.95/sh−1,418$36,797→ 124,729 total - Tax Payment
Common Stock
[F3]2026-03-23$26.72/sh−1,288$34,415→ 123,441 total
Footnotes (3)
- [F1]Reflects shares withheld for taxes upon the vesting of deferred stock units on March 20, 2026 pursuant to a grant dated March 20, 2023.
- [F2]Reflects shares withheld for taxes upon the vesting of deferred stock units on March 20, 2026 pursuant to a grant dated March 20, 2025.
- [F3]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.