Form 4: Valley National Bancorp Director Peter J. Baum Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Peter J. Baum reports changes in beneficial ownership of Valley National Bancorp stock, including acquisitions and indirect holdings.
Summary
- On March 4, 2024, Peter J. Baum, a director of Valley National Bancorp, reported changes in his beneficial ownership of the company's stock.
- He acquired 2,245 shares of common stock at $0.
- Following the transaction, Baum directly owns 86,844 shares of common stock.
- He also indirectly owns 3,075 shares as a co-trustee with his spouse for his son and another 3,075 shares as a co-trustee with his spouse for his daughter.
- Additionally, he directly owns 2,500 shares of preferred stock.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing, reflecting standard reporting requirements for insider transactions. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates changes in the director's holdings of the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the director's stake in the company.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of transaction involving common stock acquisition. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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