Form 4: Valley National Bancorp Executive Reports Future Stock Withholding

Yvonne M. Surowiec, SEVP and Chief People Officer of Valley National Bancorp, reported future dispositions of common stock to cover tax obligations related to performance stock unit payouts.

Summary

• Yvonne M. Surowiec, SEVP, Chief People Officer of Valley National Bancorp (VLY), filed a Form 4.
• The filing reports future transactions scheduled for February 2, 2026.
• A total of 6,693 shares of Common Stock were reported as disposed of (withheld) to satisfy tax withholding obligations.
• The shares were withheld at a price of $12.46 per share.
• These dispositions are related to the payout of performance stock units.
• Following these reported transactions, Yvonne M. Surowiec will beneficially own 170,239 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports a routine, non-discretionary transaction related to executive compensation and tax obligations, which does not reflect a change in company fundamentals or executive sentiment.

Future Outlook

The filing details future, pre-planned dispositions of common stock on February 2, 2026, to cover tax obligations arising from the payout of performance stock units.

Industry Context

StockSavvy.ai notes that the withholding of shares to cover tax obligations upon the vesting and payout of equity awards is a standard and routine practice in executive compensation across the financial services industry, including banking.

Comparison to Industry Standards

• This type of transaction (shares withheld for tax) is a common mechanism for executives to manage tax liabilities associated with equity compensation, aligning with standard practices seen at peer institutions in the banking sector.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in the executive's investment thesis or company performance.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary transaction related to tax withholding for performance stock units. It does not reflect a change in the executive's investment thesis or the company's fundamentals, thus a 'hold' recommendation is appropriate as it provides no new information to alter an existing investment stance.

Keywords

VLY, Valley National Bancorp, Form 4, Insider Transaction, Stock Withholding, Executive Compensation, Performance Stock Units