Form 4: Valley National Bancorp Executive Yvonne Surowiec Reports Stock Disposals for Tax Obligations

Yvonne M. Surowiec, SEVP and Chief People Officer at Valley National Bancorp, reported disposing of common stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• Yvonne M. Surowiec, a SEVP and Chief People Officer at Valley National Bancorp, filed a Form 4 detailing changes in beneficial ownership.
• On February 3, 2025, Surowiec disposed of 1,783, 1,911, and 2,627 shares of common stock at a price of $10.28 per share.
• These disposals were to satisfy tax withholding obligations arising from the vesting of restricted stock units.
• Following these transactions, Surowiec directly owns 154,895 shares of Valley National Bancorp common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock disposals for tax purposes, which is neutral in sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates that an executive disposed of shares to cover tax obligations, which is a common practice.

Stakeholder Impact

• The stock disposal is unlikely to have a significant impact on shareholders, as it is a routine transaction for tax purposes.

Key Dates

Keywords

Form 4, Beneficial Ownership, Valley National Bancorp, VLY, Yvonne Surowiec, Stock Disposal, Tax Withholding, Restricted Stock Units