In a recent transaction, Elizabeth Magennis, the President of ConnectOne Bancorp, Inc., sold 6,900 shares of the company's common stock on October 26, 2026. This sale is significant as it highlights the ongoing management of personal holdings by company executives.
ConnectOne Bancorp, Inc., classified under the SIC code for state commercial banks, is based in Englewood Cliffs, New Jersey. The company operates within the financial services sector, providing various banking services to its clients. It trades under the symbol CNOB.
The filing indicates that the shares were sold at a price of $32.672 each. Following this transaction, Magennis retains ownership of 137,383 shares of ConnectOne Bancorp. This activity was reported in a Form 4 filing, which is typically used to disclose insider transactions.
The impact of this transaction may affect shareholders and potential investors who monitor insider trading as an indicator of company performance and executive confidence. However, the filing does not specify any future actions or implications following this sale.
Details were not available in the SEC filing regarding any upcoming votes or additional filings related to this transaction.
Details of the Transaction
The transaction was classified under the SEC's Form 4, which is specifically used to report the sale of securities by insiders. Elizabeth Magennis, who serves as the Bank President, executed this sale on October 26, 2026, indicating her active management of personal investments.
Following the sale, Magennis retains a significant stake in the company with 137,383 shares still in her possession. The shares sold were categorized as common stock, and the transaction was marked with the code 'S' indicating a sale.
Company Background
ConnectOne Bancorp, Inc. is incorporated in New Jersey and operates under the Central Index Key (CIK) number 0000712771. The company is classified under the Standard Industrial Classification (SIC) code for state commercial banks, specifically 6022. The fiscal year for ConnectOne Bancorp ends on December 31st.
Additional Information
The filing does not provide any details regarding the reasons behind the sale or any strategic plans that might follow this transaction. There is also no mention of whether this sale is part of a broader trend among company executives or if it is a standalone decision.
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