Form 4: Valley National Bancorp Executive Joseph Chillura Reports Stock Disposals for Tax Obligations

Joseph Chillura, SEVP and CML Banking President at Valley National Bancorp, reported disposing of shares to cover tax obligations related to vesting restricted stock units.

Summary

• On February 3, 2025, Joseph Chillura, SEVP and CML Banking President at Valley National Bancorp, disposed of common stock to cover tax obligations.
• The disposals were related to the vesting of restricted stock units and were exempt under Rule 16b-3.
• A total of 3,457 shares were disposed of at a price of $10.28 per share.
• Following the transactions, Chillura beneficially owns 441,792 shares of Valley National Bancorp common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations. It doesn't indicate any positive or negative outlook for the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The disposal of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the routine nature of the transaction.

Key Dates

Keywords

Form 4, Valley National Bancorp, Joseph Chillura, Stock Disposal, Restricted Stock Units, Tax Obligations, Beneficial Ownership, VLY