Form 4: Valley National Bancorp Director Mendelson Reports Stock Transaction
SEC Form 4 Filing
Director Avner Mendelson reports disposition of Valley National Bancorp common stock to cover tax obligations.
Summary
- On April 1, 2024, Director Avner Mendelson of Valley National Bancorp reported a transaction involving the disposition of 17,754 shares of common stock at a price of $7.96.
- The shares were withheld to satisfy tax withholding obligations arising from the vesting of restricted stock units.
- Following the transaction, Mendelson directly owns 113,761 shares of common stock and 2,611 shares of preferred stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a common stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's stock activity related to tax obligations, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock transaction (disposition of shares). |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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