Form 4: Valley National Bancorp Executive Russell Barrett Reports Stock Transaction
SEC Form 4 Filing
Russell Barrett, SEVP and Chief Operations Officer of Valley National Bancorp, reports the withholding of 439 common stock shares to cover tax obligations related to vesting restricted stock units.
Summary
- On April 1, 2024, Russell Barrett, SEVP and Chief Operations Officer of Valley National Bancorp, had 439 shares of common stock withheld to satisfy tax obligations.
- The shares were withheld at a price of $7.96 per share.
- Following the transaction, Barrett directly owns 23,227 shares of Valley National Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax obligation fulfillment related to stock-based compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of the stock transaction (withholding of shares for tax obligations). |
| 04/02/2024 | Date of signature for the Form 4 filing. |
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