Form 4: Valley National Bancorp Grants Significant Equity Award to General Counsel

Valley National Bancorp's SEVP and General Counsel, Lyndsey M. Sloan, was granted 33,595 restricted stock units under the company's long-term incentive plan.

Summary

• Lyndsey M. Sloan, SEVP, General Counsel of Valley National Bancorp (VLY), was granted 33,595 shares of common stock in the form of Restricted Stock Units (RSUs).
• The grant occurred on July 1, 2025, with a transaction price of $0 per share.
• These RSUs are part of the Valley National Bancorp 2023 Long Term Incentive Stock Plan.
• The RSUs are time-based and will vest equally over three years, with vesting occurring on July 1 of each of the next three years.
• Following this transaction, Lyndsey M. Sloan beneficially owns 33,595 shares directly.

Sentiment

Score: 7

Explanation: The grant of Restricted Stock Units to a key executive is a positive sign of management alignment with long-term shareholder interests and executive retention, reflecting a standard compensation practice.

Positives

• The grant of 33,595 Restricted Stock Units to a key executive aligns management's interests with shareholder value.
• The use of a long-term incentive plan (2023 Long Term Incentive Stock Plan) indicates a commitment to executive retention and performance.
• Time-based vesting over three years promotes long-term commitment and stability from the executive.

Future Outlook

The vesting schedule indicates future equity ownership for the executive over the next three years, aligning their interests with the company's long-term performance.

Industry Context

Equity grants, particularly Restricted Stock Units, are a common form of executive compensation in the financial services industry, used to attract, retain, and incentivize key talent by aligning their interests with long-term shareholder value.

Comparison to Industry Standards

• The grant of RSUs with a multi-year vesting schedule is a standard practice for executive compensation across the banking and financial services sector, comparable to practices at institutions like JPMorgan Chase, Bank of America, or Wells Fargo, which also utilize long-term equity incentives to retain senior leadership.
• The specific size of the grant would typically be benchmarked against peer group compensation data for similar roles and company size, though such specific comparative data is not provided in this filing.

Related Party Transactions

• The grant of Restricted Stock Units to a senior executive is a standard compensation event between the company and a related party (executive).

Stakeholder Impact

• Shareholders: Potential positive impact due to increased alignment of executive interests with long-term company performance.
• Management: Strengthens retention and incentivizes long-term performance for the executive.

Next Steps

• Vesting of 33,595 Restricted Stock Units in equal installments on July 1 of the next three years.

Key Dates

Keywords

Valley National Bancorp, VLY, SEC Form 4, Restricted Stock Units, RSU, Executive Compensation, Equity Grant, Insider Transaction, Long Term Incentive Plan, Lyndsey M. Sloan, SEVP, General Counsel