Form 4: Valley National Bancorp Executive Russell Barrett Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Russell Barrett, SEVP and Chief Operations Officer of Valley National Bancorp, reported disposing of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On February 3, 2025, Russell Barrett, SEVP and Chief Operations Officer of Valley National Bancorp, disposed of 790 and 1,843 shares of common stock at a price of $10.28.
- These disposals were to satisfy tax withholding obligations arising from the vesting of restricted stock units.
- Following these transactions, Barrett directly owns 20,594 shares of Valley National Bancorp common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't carry strong positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. Disposals for tax obligations are common when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/03/2025 | Date of stock disposal for tax withholding. |
| 02/05/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Valley National Bancorp, Russell Barrett, Stock Disposal, Tax Withholding, Restricted Stock Units, VLY, SEVP, Chief Operations Officer
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