Form 4: Valley National Bancorp Executive Stock Tax Withholding
Statement of Changes in Beneficial Ownership
Gino A. Martocci, SEVP of Commercial Banking at Valley National Bancorp, reported the withholding of 3,836 shares to cover tax obligations.
Summary
- Gino A. Martocci, SEVP, President of Commercial Banking, executed a transaction involving 3,836 shares of Valley National Bancorp (VLY) common stock.
- The transaction occurred on April 1, 2026, at a price of $12.28 per share.
- The shares were withheld by the company to satisfy tax withholding obligations related to the vesting of restricted stock units.
- Following this transaction, the reporting person directly owns 81,770 shares, with additional indirect holdings of 45,822 shares held by his wife and 1,835 shares held by his daughter.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it represents a standard administrative tax withholding process for an executive.
Positives
- The transaction was a routine administrative action to satisfy tax obligations rather than a discretionary sale of stock.
- The reporting person maintains a significant direct and indirect equity stake in the company, aligning interests with shareholders.
Negatives
- None identified; this is a standard regulatory disclosure for tax withholding.
Risks
- None identified; this filing relates to executive compensation tax compliance.
Future Outlook
Not applicable as this is a retrospective disclosure of an insider transaction.
Industry Context
StockSavvy.ai notes that this filing is a routine disclosure of executive equity management, common in the banking sector for tax compliance upon the vesting of equity-based compensation.
Comparison to Industry Standards
- The transaction follows standard industry practices for handling tax withholding on vested restricted stock units (RSUs) for bank executives.
Stakeholder Impact
- No material impact on shareholders, employees, or creditors.
Next Steps
- None
Key Dates
| Date | Description |
|---|---|
| 04/01/2026 | Date of the transaction involving the withholding of shares. |
| 04/02/2026 | Date of the filing of the Form 4. |
Keywords
Valley National Bancorp, VLY, Insider Trading, Form 4, Tax Withholding, Executive Compensation
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