Form 4: Valley National Bancorp Executive Sells Shares

Joseph Chillura, SEVP and CML Banking President at Valley National Bancorp, sold 49,715 shares of common stock at an average price of $8.18 on March 11, 2024.

Summary

• On March 11, 2024, Joseph Chillura, the SEVP, CML Banking President of Valley National Bancorp, sold 49,715 shares of the company's common stock.
• The sale was executed at a weighted average price of $8.18 per share.
• Following the transaction, Chillura directly owns 545,249 shares of Valley National Bancorp common stock.
• Chillura also indirectly owns 35,000 shares through an IRA.

Sentiment

Score: 5

Explanation: This is a routine disclosure of an insider stock sale. The sentiment is neutral as it doesn't inherently indicate positive or negative performance for the company.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency when company insiders trade their company's stock. It allows the public to see what company insiders are doing with their stock.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common occurrence.

Key Dates