Form 4: Valley National Bancorp Executive Raja A. Dakkuri Reports Stock Transaction
SEC Form 4 Filing
Raja A. Dakkuri, SEVP and Chief Risk Officer of Valley National Bancorp, reports disposition of shares to cover tax obligations.
Summary
- On April 1, 2024, Raja A. Dakkuri, the SEVP and Chief Risk Officer of Valley National Bancorp, reported a transaction involving the company's common stock.
- A total of 1,316 shares were disposed of at a price of $7.96 per share.
- This transaction was related to covering tax withholding obligations arising from the vesting of restricted stock units.
- Following the transaction, Dakkuri directly owns 37,583 shares of Valley National Bancorp.
- The transaction was exempt under Rule 16b-3.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it 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 disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into the transactions of those with access to inside information.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock transaction (disposal of shares). |
| 04/02/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.