Sorrentino Frank III 4

What Happened
Frank Sorrentino, Chairman & CEO of ConnectOne Bancorp (CNOB), had 19,205 shares issued on 2026-03-25 as earned performance units (grant originally made 3/20/2023). To cover tax withholding on that vesting, 11,523 shares were surrendered/withheld and reported as disposed at $26.27 per share for proceeds of $302,709. On the same date he was granted 38,822 deferred stock units (subject to forfeiture) that vest in three equal installments on 3/25/27, 3/25/28 and 3/25/29. The awards/grants are reported at $0 in the filing (non-cash equity awards).

Key Details

• Transaction date: 2026-03-25; Form 4 filed 2026-03-27 (timely filing).
• 19,205 shares acquired (earned performance units) — footnote F1.
• 11,523 shares withheld/disposed to cover taxes at $26.27/share = $302,709 — footnote F2 (tax withholding).
• 38,822 deferred stock units granted, vesting 1/3 per year over 3 years starting 3/25/27 — footnote F3.
• Some holdings are noted as held in a trust for the benefit of the spouse (footnote F4).
• Transaction codes: A = award/grant, F = tax withholding. No open-market sale or 10b5‑1 plan reported.
• Shares owned after the transactions are not specified in the filing.

Context
The 11,523-share disposition was a tax-withholding event tied to vested performance units (routine and not an open-market sell). The 38,822 deferred stock units are subject to forfeiture until they vest and are not immediately tradable. All entries are reported on a timely Form 4; the filing provides factual record of compensation-related equity activity rather than an indicator of personal market sentiment.