Form 4: Valley National Bancorp CEO Ira Robbins Reports Stock Disposals for Tax Obligations

CEO Ira Robbins of Valley National Bancorp reports disposals of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• On February 3, 2025, Ira Robbins, the CEO of Valley National Bancorp, reported disposing of shares of common stock to satisfy tax withholding obligations.
• The disposals were related to the vesting of restricted stock units and were exempt under Rule 16b-3.
• The transactions involved the disposal of 7,762 shares, 9,803 shares, and 15,175 shares at a price of $10.28 per share.
• Following these transactions, Robbins directly owns 686,778 shares of common stock.
• Robbins also indirectly owns 2,000 shares of common stock, 800 shares of preferred stock through his wife, and 407 shares of common stock as a trustee for minors.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock disposals for tax purposes, a routine activity.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, such as executives and directors. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the reason for the disposal.

Key Dates