MICHAEL D. HAGEDORN - 20 Feb 2024 Form 4 Insider Report for VALLEY NATIONAL BANCORP (VLY)

Role
SEVP, Chief Financial Officer
Signature
/s/ MICHAEL D. HAGEDORN
Issuer symbol
VLY
Transactions as of
20 Feb 2024
Net transactions value
+$343,234
Form type
4
Filing time
22 Feb 2024, 15:09:33 UTC
Previous filing
05 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLY Common Stock Award $0 +21,299 +24% $0.000000 108,781 20 Feb 2024 Direct F1
transaction VLY Common Stock Award $687,872 +80,831 +74% $8.51 189,612 20 Feb 2024 Direct F2
transaction VLY Common Stock Tax liability $344,638 -40,498 -21% $8.51 149,114 20 Feb 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units (RSUs) granted under the Valley National Bancorp 2023 Long Term Incentive Stock Plan. The RSUs are time-based with three-year equal vesting, with vesting on each February 1 for the next three years.
F2 Payout of performance stock units granted in early 2021.
F3 Shares withheld to satisfy tax withholding obligations arising upon the payout of performance stock units in a transaction exempt under Rule 16b-3.