VLY.NASDAQValley National Bancorp

Form 4: Valley National Bancorp EVP, Interim CFO Lan Travis Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Lan Travis, EVP and Interim CFO of Valley National Bancorp, reports the acquisition and disposal of common stock related to performance stock units.

Summary

  • On February 18, 2025, Lan Travis, the EVP and Interim CFO of Valley National Bancorp, reported changes in beneficial ownership of the company's common stock.
  • Travis acquired 4,418 shares of common stock through the payout of performance stock units granted in early 2022.
  • Simultaneously, Travis disposed of 2,325 shares to satisfy tax withholding obligations related to the performance stock unit payout at a price of $9.96 per share.
  • Following these transactions, Travis directly owns 71,360 shares of Valley National Bancorp common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they reflect executive compensation and tax obligations.

Key Dates

DateDescription
2022Performance stock units were granted in early 2022.
02/18/2025Date of transaction: acquisition of 4,418 shares and disposal of 2,325 shares.
02/20/2025Date of signature on the report.

Keywords

Form 4, Beneficial Ownership, Lan Travis, Valley National Bancorp, VLY, Performance Stock Units, Tax Withholding

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