Form 4: VLY CFO Travis Lan's Tax-Related Stock Transaction

Valley National Bancorp's SEVP and CFO, Travis Lan, disposed of 4,688 shares of common stock at $9.27 per share to cover tax withholding obligations.

Summary

• Travis Lan, SEVP and Chief Financial Officer of Valley National Bancorp (VLY), reported a transaction involving the company's common stock.
• On August 1, 2025, Mr. Lan disposed of 4,688 shares of common stock.
• The shares were disposed of at a price of $9.27 per share.
• This transaction was identified as a 'F' type, indicating shares withheld to satisfy tax withholding obligations.
• The withholding arose from the vesting of restricted stock units and is exempt under Rule 16b-3.
• Following this transaction, Mr. Lan beneficially owns 67,000 shares of Valley National Bancorp common stock directly.
• The reported beneficial ownership of 67,000 shares is adjusted for additional shares acquired through Valley National Bancorp's Dividend Reinvestment Plan.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction (tax withholding) by an insider, which is neutral in sentiment. It reflects the vesting of compensation, which is positive for the executive, but the disposition itself is a mechanical event.

Positives

• The transaction is a routine tax-related withholding, indicating the vesting of restricted stock units, which is a form of compensation.

Negatives

• The disposition of shares, even for tax purposes, reduces the direct ownership stake of the reporting person.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction for tax purposes, common across all industries when restricted stock units vest. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction by an executive for tax purposes, not a discretionary sale indicating a change in confidence.
• Employees: No direct impact.

Key Dates

Keywords

Valley National Bancorp, VLY, Travis Lan, SEC Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Units, CFO