Form 4: Valley National Bancorp Executive Thomas Iadanza Reports Stock Disposals to Cover Tax Obligations

Thomas Iadanza, President of Valley National Bancorp, reports disposing of common stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On February 3, 2025, Thomas A Iadanza, President of Valley National Bancorp, filed a Form 4 with the SEC.
• The filing reports the disposal of common stock to satisfy tax withholding obligations arising from the vesting of restricted stock units.
• The transactions were exempt under Rule 16b-3.
• Iadanza disposed of 2,491 shares, 2,669 shares, and 3,307 shares at a price of $10.28 per share.
• Following these transactions, Iadanza beneficially owns 358,391 shares of Valley National Bancorp common stock.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard tax obligations, so it doesn't indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common when restricted stock units vest.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a change in the company's fundamentals.

Key Dates

Keywords

Form 4, Valley National Bancorp, Insider Trading, Stock Disposal, Tax Withholding, Restricted Stock Units, Thomas Iadanza, VLY