Form 4: Valley National Bancorp Executive Russell Barrett Reports Stock Transactions
SEC Filing
Russell Barrett, SEVP and Chief Operations Officer of Valley National Bancorp, reports the acquisition and disposal of common stock related to performance stock units.
Summary
- On February 18, 2025, Russell Barrett, SEVP, Chief Operations Officer of Valley National Bancorp, acquired 7,151 shares of common stock due to the payout of performance stock units granted in early 2022.
- On the same day, Barrett disposed of 2,677 shares of common stock at a price of $9.96 per share to satisfy tax withholding obligations.
- Following these transactions, Barrett beneficially owns 40,756 shares of Valley National Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey 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 transactions have a minor impact on shareholders as they reflect executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| Early 2022 | Performance stock units were granted. |
| 02/18/2025 | Acquisition of 7,151 shares and disposal of 2,677 shares. |
| 02/20/2025 | Date of signature by Attorney-in-Fact. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Valley National Bancorp, Russell Barrett, VLY, Performance Stock Units, Tax Withholding
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.