Primiano Steven 4

What Happened
Steven Primiano, Executive Vice President, Treasurer & Corporate Development Officer of ConnectOne Bancorp (CNOB), was credited with two awards on 2026-03-25: 1,736 shares from earned performance units (reported as acquired at $0.00) and 3,597 deferred stock units (awarded at $0.00). To satisfy tax withholding on the performance-unit payout, 868 shares were withheld/disposed at $26.67 per share, for a withholding value of $23,150. These transactions are awards/vestings and a tax-withholding event — not an open-market purchase.

Key Details

• Transaction date: 2026-03-25; filing date: 2026-03-27 (filed two days after the transactions).
• Award specifics:
  • 1,736 shares acquired (performance units earned; $0.00 per share) — footnote F1.
  • 868 shares disposed to cover tax withholding at $26.67/share = $23,150 (code F; footnote F2 indicates withholding relates to the performance units).
  • 3,597 deferred stock units granted at $0.00 (subject to forfeiture; vesting 1/3 on 3/25/27, 1/3 on 3/25/28, and 1/3 on 3/25/29) — footnote F3.
• Shares owned after the transactions: Not disclosed in the provided filing excerpt.
• Transaction codes: A = award/grant (acquisition), F = payment of exercise price or tax liability (here, tax withholding).
• Filing timeliness: Filed 2026-03-27 for 2026-03-25 transactions; appears timely (within typical 2-business-day Form 4 window).

Context
These were compensation-related awards and a routine tax-withholding action, not an open-market sale or purchase by the insider. Deferred stock units vest over future dates (2027–2029), so part of the grant is subject to forfeiture until vested. For retail investors, awards signal compensation/retention practices rather than direct insider buying conviction; the withheld 868 shares were used to cover taxes and do not necessarily indicate a voluntary sale.