Javitz Joseph T. 4

What Happened

• Joseph T. Javitz, EVP & Chief Credit Officer of ConnectOne Bancorp (CNOB), received awards totaling 5,702 shares on March 25, 2026 (two award lines: 2,015 shares and 3,687 shares, both reported at $0.00 per share).
• At the same time, 842 shares were surrendered/withheld to cover tax liabilities at $26.27 per share, generating $22,119 (reported as Code F — tax withholding).
• These were awards/grants rather than open-market purchases or voluntary sales; the tax withholding is a routine disposition tied to the award.

Key Details

• Transaction date: March 25, 2026; Form 4 filed March 27, 2026 (reporting appears timely).
• Acquisitions: 2,015 shares (performance units earned) and 3,687 deferred stock units — total acquired = 5,702 shares, reported at $0.00.
• Disposal: 842 shares withheld/disposed for tax at $26.27 each; proceeds/value reported = $22,119.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Relevant footnotes:
  • F1: the 2,015 shares were delivered pursuant to earned performance units granted 3/20/2023.
  • F3: the 842-share disposition reflects tax withholding tied to the immediately preceding performance-unit delivery.
  • F2: a line also notes 830.655 shares were acquired under a dividend reinvestment plan.
  • F4: the 3,687-share grant represents deferred stock units subject to forfeiture, vesting 1/3 annually (3/25/27, 3/25/28, 3/25/29).

Context

• This filing records awards and routine tax withholding — not an open-market sale or purchase signal. Deferred stock units vest over time (per F4), so part of the award is subject to future forfeiture/vesting conditions.
• Tax-withholding dispositions (Code F) are common when performance or restricted shares are delivered and do not necessarily indicate a change in insider sentiment.