Director Michael W Kempner sold 67,800 shares of CNOB at $14.75 for $1.0M; holds 216.5K shares post-sale.
Director Michael W Kempner executed a substantial sale on August 11, 2020, reducing his position by 67,800 shares (23.9% of his pre-transaction holdings), leaving him with 216,466 shares. The sale occurred at $14.75 per share for $1,000,382.22. The current price stands at $26.21, representing a 77.6% increase from the transaction price—a significant upward move since the sale date. At the time of sale, the stock was trading within its 52-week range near the lower end, having declined 6.1% over the prior 30 days, suggesting the director was selling into relative weakness. This transaction is a discrete, material reduction in insider holdings rather than routine portfolio activity.