Form 4: Valley National COO Reports Tax-Related Stock Disposition

Valley National Bancorp's Chief Operating Officer, Russell Barrett, reported the disposition of common stock to cover tax obligations related to performance stock unit payouts.

Summary

• Russell Barrett, SEVP and Chief Operating Officer of Valley National Bancorp (VLY), reported transactions on February 2, 2026.
• A total of 4,384 shares of common stock were disposed of across three separate transactions.
• The shares were withheld to satisfy tax withholding obligations arising from the payout of performance stock units.
• Each disposition occurred at a price of $12.46 per share.
• Following these transactions, Mr. Barrett directly beneficially owns 35,933 shares of common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. While it involves a disposition of shares, it's a non-discretionary tax withholding related to the vesting of performance stock units, implying the achievement of prior performance targets.

Positives

• The disposition of shares was a result of the payout of performance stock units, indicating that prior performance goals were met, leading to the vesting of these equity awards.

Negatives

• A total of 4,384 shares of common stock were disposed of, reducing the direct beneficial ownership of the Chief Operating Officer.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that routine tax-related dispositions by executives are common upon the vesting of equity awards and typically do not signal changes in management's outlook or company performance. This is a standard mechanism for executives to cover tax liabilities associated with their compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary tax-related transaction and does not reflect a change in the executive's investment thesis or company fundamentals.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary disposition of shares by an executive to cover tax obligations upon the vesting of performance stock units. It does not provide new information regarding the company's operational performance or strategic direction that would warrant a change in investment recommendation.

Keywords

VLY, Valley National Bancorp, Form 4, insider transaction, stock disposition, tax withholding, Russell Barrett, performance stock units, equity compensation