Magennis Elizabeth 4

What Happened
Elizabeth Magennis, President and a director of ConnectOne Bancorp (CNOB), was credited with awards on 3/25/2026 and had shares withheld to cover taxes. The filing shows: 5,548 shares acquired pursuant to earned performance units, 2,774 shares disposed (withheld) at $26.27 per share to satisfy tax obligations (proceeds reported as $72,873), and a separate grant of 12,642 deferred stock units (subject to forfeiture/vesting). The acquisitions were reported at $0 cost because they were awards/units, not open-market purchases.

Key Details

• Transaction date(s): March 25, 2026; filing date March 27, 2026 (period of report 3/25/2026).
• Prices and values: tax withholding of 2,774 shares at $26.27 = $72,873. Awarded shares reported at $0 (non-cash grants).
• Shares acquired: 5,548 performance-unit shares (F1) and 12,642 deferred stock units (F3) — total 18,190 awarded/deferred shares.
• Shares withheld: 2,774 shares withheld for taxes related to the performance-unit acquisition (F2).
• Shares owned after transaction: not specified in the excerpt of the filing provided.
• Footnotes: F1 = performance units earned (granted Mar 20, 2023); F2 = tax withholding of shares from those performance units; F3 = deferred stock units subject to a three-year vesting schedule (1/3 vests each year on 3/25/27, 3/25/28, 3/25/29).
• Filing timeliness: filing dated 3/27/2026 for transactions on 3/25/2026; no late-filing indication in the provided data.

Context

• This was not an open-market sale; the 2,774-share disposal is a tax-withholding transaction (common when awards vest), not necessarily a sign of stock-selling intent.
• The 12,642 deferred stock units are subject to future vesting and forfeiture conditions, so they are not immediately free-trading shares.
• For retail investors, awards and tax withholdings are routine executive compensation events; purchases (which can signal added insider conviction) did not occur here.