Form 4: Valley National Bancorp Executive Reports Stock Transactions
SEC Form 4 Filing
Mark Saeger, EVP and Chief Credit Officer of Valley National Bancorp, reports the acquisition and disposal of company stock related to performance stock units.
Summary
- On February 18, 2025, Mark Saeger, EVP and Chief Credit Officer of Valley National Bancorp, reported transactions involving the company's common stock.
- Saeger acquired 17,312 shares of common stock at $0 related to the payout of performance stock units granted in early 2022.
- He also disposed of 10,214 shares at $9.96 to satisfy tax withholding obligations.
- Following these transactions, Saeger beneficially owns 204,409 shares of Valley National Bancorp.
- The transactions were reported on February 20, 2025.
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 related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| Early 2022 | Performance stock units were granted. |
| 02/18/2025 | Date of stock acquisition and disposal. |
| 02/20/2025 | Date of Form 4 filing. |
Keywords
Valley National Bancorp, VLY, Mark Saeger, Stock Transaction, Form 4, Performance Stock Units, Tax Withholding, Beneficial Ownership, EVP, Chief Credit Officer
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