Boswell Stephen T. 4
Research Summary
AI-generated summary
ConnectOne (CNOB) Director Stephen Boswell Receives Restricted Stock
What Happened
Stephen T. Boswell, a director of ConnectOne Bancorp, received a grant of 2,528 restricted shares on June 1, 2026 (Transaction code: A). The reported acquisition price was $0.00 (total reported value $0) because these are a restricted stock award subject to forfeiture and not an open‑market purchase. Per the filing, the award vests in full on May 1, 2027.
Key Details
- Transaction date: 2026-06-01 (Form 4 filed 2026-06-03). No indication in the filing that it was late.
- Transaction type/code: A (grant/award of restricted stock).
- Shares awarded: 2,528; reported price per share: $0.00; reported total value: $0.
- Vesting: Vesting in full on May 1, 2027 (footnote F1).
- Ownership detail: The filing notes certain shares are held in an irrevocable trust for the benefit of his spouse and descendants (footnote F4).
- The filing also includes other footnotes referencing shares acquired through the company’s Dividend Reinvestment & Optional Cash Purchase Plan (F2, F3) elsewhere in the filing.
Context
Restricted stock awards are a form of compensation for directors and employees; they are not open‑market purchases and typically cannot be sold until they vest (here, May 1, 2027). Such grants are routine corporate compensation and do not by themselves indicate a director buying or selling shares for investment reasons.