Burns William S 4
4 · ConnectOne Bancorp, Inc. · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
ConnectOne (CNOB) CFO William Burns Receives Awards, Withholds Shares
What Happened
William S. Burns, Senior Executive Vice President & Chief Financial Officer of ConnectOne Bancorp (CNOB), received awards on 2026-03-25 consisting of vested performance units and a grant of deferred stock units. The filing shows acquisitions of 5,157 shares (performance unit settlement) and 11,162 deferred stock units (awarded at $0.00). To satisfy tax withholding on the settled performance units, 2,578 shares were disposed (withheld) at $26.27 each, totaling $67,724.
Key Details
- Transaction date: 2026-03-25; Form 4 filed 2026-03-27 (appears filed within the normal reporting window).
- Awards acquired: 5,157 shares @ $0.00 (performance units) and 11,162 deferred stock units @ $0.00.
- Tax withholding: 2,578 shares withheld/disposed @ $26.27 = $67,724 (reported as code F).
- Shares owned after transaction: not disclosed in the provided filing summary.
- Relevant footnotes:
- F1: 5,157 shares from performance units granted March 20, 2023 (now earned/settled).
- F2: 2,578 shares reflect tax withholding on the performance-unit settlement.
- F3: 11,162 deferred stock units are subject to forfeiture and vest 1/3 each year on 3/25/27, 3/25/28, and 3/25/29.
Context
The acquisitions were compensation-related awards (not open-market purchases). The withholding of shares to pay taxes is routine and should not be interpreted as a discretionary sale for investment purposes. Deferred stock units vest over future dates, so the full economic benefit is subject to continued service and vesting conditions.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-25+5,157→ 128,598 total - Tax Payment
Common Stock
[F2]2026-03-25$26.27/sh−2,578$67,724→ 126,020 total - Award
Common Stock
[F3]2026-03-25+11,162→ 137,182 total
Footnotes (3)
- [F1]Shares acquired pursuant to earned performance units granted on March 20, 2023.
- [F2]Reflects tax withholding of shares acquired pursuant to performance units reported in the immediately preceding line.
- [F3]Represents a grant of deferred stock units subject to forfeiture, vesting over a three-year period, with 1/3 vesting on 3/25/27, 1/3 vesting on 3/25/28, and the final 1/3 vesting on 3/25/29.