Key facts
- This page summarizes Avner Mendelson's Form 4 filing for VALLEY NATIONAL BANCORP (VLY).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 05 Apr 2022, 12:13.
Avner Mendelson - 01 Apr 2022 Form 4 Insider Report for VALLEY NATIONAL BANCORP (VLY)
- Reporting relationship
- Director
- Issuer ticker
- VLY
- Reported as of
- 01 Apr 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 05 Apr 2022, 12:13:13 UTC
- Next SEC filing
- 17 May 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Avner Mendelson
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Avner Mendelson filed Form 4 for VALLEY NATIONAL BANCORP (VLY) on 05 Apr 2022.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
VLY
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +132,162
- Change %
- +12015%
- Price
- $0.000000
- Shares after
- 133,262
- Date
- 01 Apr 2022
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
VLY
transaction
Derivative
Common Stock
Award
- Transaction value
- $0
- Shares
- +1,207,141
- Change %
- Price
- $0.000000
- Shares after
- 1,207,141
- Date
- 01 Apr 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 1,207,141
- Exercise price
- $8.47
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
Effective April 1, 2022, Valley National Bancorp ("Valley") completed its acquisition of Bank Leumi le-Israel Corporation, a New York corporation ("Leumi USA"), pursuant to the Agreement and Plan of Merger, dated as of September 22, 2021 (the "Merger Agreement"). In connection with the merger, Valley assumed the reporting person's non-competition agreement with Leumi USA and the related restricted stock unit ("RSU") award. The RSU award will vest in equal increments on April 1, 2023, April 1, 2024 and April 1, 2025.
Footnote F2
Pursuant to the Merger Agreement, at the effective time of the merger, each fully vested outstanding Leumi USA stock option held by an active employee of Leumi USA was converted into a stock option to acquire shares of Valley Common Stock, with the number of shares underlying each such stock option and the applicable exercise price adjusted based on an exchange ratio of 4.225 shares of Valley Common Stock per share of Leumi USA Common Stock.