Burns William S 4

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.