Haye Edward J. 4
Research Summary
AI-generated summary
ConnectOne (CNOB) Director Edward J. Haye Receives 2,528-Share Award
What Happened
Edward J. Haye, a director of ConnectOne Bancorp, Inc. (CNOB), received a grant of 2,528 restricted common shares on June 1, 2026. The award is reported at $0.00 per share on the Form 4 (an equity award/grant, not an open-market purchase or sale), and is compensation rather than a cash transaction.
Key Details
- Transaction date: 2026-06-01; reported on Form 4 filed 2026-06-03 (appears timely).
- Reported price: $0.00 per share; total reported cash consideration $0.
- Shares granted: 2,528 restricted shares.
- Shares owned after transaction: not specified in the filing.
- Footnote: The grant is restricted stock subject to forfeiture and vests in full on May 1, 2027 (Footnote F1).
- Filing timeliness: filing posted two days after the transaction date; no late filing indication in the report.
Context
Restricted stock grants to directors are common as part of board compensation and do not represent an open-market purchase (which some investors view as a stronger bullish signal). Because these shares vest over time and are subject to forfeiture until May 1, 2027, they reflect future compensation rather than immediate liquidity or sale.