Form 4: Valley National Bancorp Executive Reports Stock Transactions
SEC Form 4 Filing
Yvonne M. Surowiec, SEVP and Chief People Officer of Valley National Bancorp, reports the acquisition and disposal of common stock related to performance stock units.
Summary
- On February 18, 2025, Yvonne M. Surowiec, SEVP, Chief People Officer of Valley National Bancorp, acquired 18,224 shares of common stock due to the payout of performance stock units granted in early 2022.
- On the same day, 8,738 shares were withheld to satisfy tax obligations related to the payout of these performance stock units at a price of $9.96 per share.
- Following these transactions, Surowiec directly owns 176,932 shares of Valley National Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry to ensure transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| Early 2022 | Performance stock units were granted. |
| 02/18/2025 | Acquisition of 18,224 shares due to payout of performance stock units. |
| 02/18/2025 | Withholding of 8,738 shares for tax obligations at $9.96 per share. |
| 02/20/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Valley National Bancorp, VLY, Yvonne M. Surowiec, Performance Stock Units, Tax Withholding
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