Form 4: Valley National Bancorp Executive Russell Barrett Reports Stock Transaction
SEC Form 4 Filing
Russell Barrett, SEVP and Chief Operating Officer of Valley National Bancorp, reports the disposal of 439 shares of common stock to cover tax obligations.
Summary
- On April 1, 2025, Russell Barrett, SEVP and Chief Operating Officer of Valley National Bancorp, disposed of 439 shares of common stock.
- The transaction was executed at a price of $8.89 per share.
- These shares were withheld to satisfy tax withholding obligations arising from the vesting of restricted stock units.
- Following the transaction, Barrett directly owns 40,317 shares of Valley National Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being sold by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of stock transaction (disposal of shares) |
| 04/02/2025 | Date of signature for the Form 4 filing |
Keywords
Form 4, Valley National Bancorp, Russell Barrett, Stock Transaction, Beneficial Ownership, VLY, SEVP, Chief Operating Officer
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