Form 4: VLY Exec Discloses Future Share Sale for Tax

Valley National Bancorp's EVP, Mark Saeger, disclosed a planned disposition of 11,979 common shares on February 2, 2026, to cover tax obligations.

Summary

• Mark Saeger, Executive Vice President and Chief Credit Officer of Valley National Bancorp (VLY), filed a Form 4.
• The filing reports a planned disposition of 11,979 shares of common stock.
• The transaction is scheduled for February 2, 2026, and is intended to satisfy tax withholding obligations.
• The shares are being withheld due to the payout of performance stock units.
• The shares were valued at $12.46 per share for the purpose of the tax withholding.
• Following these transactions, Mr. Saeger will beneficially own 201,095 shares of Valley National Bancorp common stock directly.
• The transaction is made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. While it involves a disposition of shares, it stems from the positive event of performance stock unit payouts, which is a form of executive compensation.

Positives

• The underlying event is the payout of performance stock units, indicating executive compensation and achievement of performance targets.

Negatives

• The disposition of 11,979 shares reduces the direct beneficial ownership of common stock by the EVP.

Future Outlook

This filing discloses a pre-planned future disposition of shares on February 2, 2026, to cover tax obligations arising from the payout of performance stock units, indicating a scheduled compensation event.

Management Comments

• The filing was signed by Mark Saeger.

Industry Context

StockSavvy.ai notes that routine Form 4 filings for tax withholding related to executive compensation are common across the banking and financial services industry. These transactions typically reflect the vesting of previously awarded equity compensation rather than discretionary sales based on market outlook.

Corporate Governance

Stakeholder Impact

• Shareholders: The transaction is a routine part of executive compensation and is unlikely to have a significant direct impact on the company's stock price or shareholder value.
• Employees: Reflects standard executive compensation practices, which can be a positive for morale and retention if seen as fair and performance-based.

Next Steps

• The planned disposition of 11,979 shares of common stock is scheduled to occur on February 2, 2026.

Key Dates

Keywords

Valley National Bancorp, VLY, Mark Saeger, Form 4, Insider Trading, Executive Compensation, Stock Units, Tax Withholding, Share Disposition, Corporate Governance