Huttle Frank III 4

What Happened

• Frank Huttle III, a director of ConnectOne Bancorp, was granted 2,528 restricted shares on June 1, 2026. The grant shows an acquisition price of $0.00 (i.e., the shares were awarded as compensation), so the immediate cash cost to Mr. Huttle was $0. The restricted stock is subject to forfeiture and vests in full on May 1, 2027 (footnote F1). A portion or all of the shares are held by an LLC in which Mr. Huttle’s spouse is a member (footnote F2).

Key Details

• Transaction date: June 1, 2026; Form 4 filed: June 3, 2026 (file appears timely).
• Transaction type/code: Award/Grant (A) — 2,528 restricted shares at $0.00.
• Immediate reported value: $0 paid; market value depends on CNOB share price at grant or vesting.
• Vesting: Grants vest in full on May 1, 2027 (subject to forfeiture until then) — see F1.
• Holding vehicle: Some shares held by an LLC where the insider’s spouse is a member (F2).
• Shares owned after transaction: Not specified in the filing.

Context

• This was a compensation award (restricted stock), not an open-market purchase or sale. Restricted shares typically cannot be sold until they vest and may be forfeited if service conditions are not met, so they do not necessarily signal a near-term trading intent.
• For retail investors, awards are common for directors and employees and mainly reflect compensation alignment rather than a direct bullish or bearish trade.