Form 4: Valley National Bancorp Executive Travis Lan Reports Stock Disposals for Tax Obligations

EVP and Interim CFO of Valley National Bancorp, Travis Lan, reports disposals of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Travis Lan, EVP and Interim CFO of Valley National Bancorp, filed a Form 4.
• The filing reports the disposal of common stock on February 3, 2025, to satisfy tax withholding obligations.
• A total of 1,062 shares were disposed of at a price of $10.28.
• An additional 1,545 shares were disposed of at a price of $10.28.
• A further 2,553 shares were disposed of at a price of $10.28.
• Following these transactions, Lan beneficially owns 53,503 shares of common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing relates to routine tax-related stock disposals and doesn't indicate any significant positive or negative developments for the company.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates that the executive is managing their tax obligations related to equity compensation.

Stakeholder Impact

• The stock disposal has a negligible impact on shareholders as it is a routine transaction for tax purposes.

Key Dates

Keywords

Form 4, insider trading, Travis Lan, Valley National Bancorp, VLY, stock disposal, tax obligations, restricted stock units