Form 4: Director Steans Redistributes VLY Shares Among Trusts

Valley National Bancorp Director Jennifer W. Steans reported a non-consideration redistribution of common stock among family trusts, impacting her indirect beneficial ownership.

Summary

• Jennifer W. Steans, a Director of Valley National Bancorp (VLY), reported a transaction involving common stock.
• On October 29, 2025, 868,890 shares of common stock held by the Steans 1996 Family Trust were divided into three sub-trusts for no consideration.
• As a result of this division, 289,630 shares were acquired by the Jennifer W. Steans 1996 Exempt Trust, for which she serves as trustee.
• The reporting person no longer possesses beneficial ownership of the shares held by the other two sub-trusts created from the original Family Trust.
• This transaction represents a redistribution of shares among family trusts and is not a sale or purchase for value.

Sentiment

Score: 5

Explanation: Neutral. This Form 4 reports an internal redistribution of shares among family trusts by a director, with no direct financial impact on the company's operations or valuation. It's a routine disclosure of a change in beneficial ownership structure.

Positives

• The reporting person maintains beneficial ownership over a portion of the redistributed shares (289,630 shares) through the 1996 Exempt Trust.

Negatives

• The reporting person no longer possesses beneficial ownership of the shares held by two of the three sub-trusts created from the original Family Trust, reducing her overall reported indirect beneficial ownership from the original Family Trust.

Future Outlook

No forward-looking statements or guidance related to the company's performance or operations are provided in this filing.

Industry Context

This filing is a routine insider transaction report (Form 4) detailing a change in a director's personal beneficial ownership structure. It does not provide information directly related to broader industry trends or competitive landscape for Valley National Bancorp.

Related Party Transactions

• The reported transaction involves the redistribution of shares between family trusts where the reporting person serves as a trustee, specifically the Steans 1996 Family Trust and the Jennifer W. Steans 1996 Exempt Trust.

Stakeholder Impact

• Minimal direct impact on shareholders, employees, customers, suppliers, or creditors, as this filing primarily concerns a change in a director's personal beneficial ownership structure rather than company operations or financial performance.

Key Dates

Keywords

Valley National Bancorp, VLY, SEC Form 4, Beneficial Ownership, Trusts, Director Transaction, Jennifer W. Steans, Stock Redistribution