Valley National COO awarded stock grants
Valley National Bancorp executive Russell Barrett, SEVP and Chief Operating Officer, reported a mix of equity awards and related tax withholding in company common stock.
Rhea-AI Filing Summary
Valley National Bancorp executive Russell Barrett, SEVP and Chief Operating Officer, reported a mix of equity awards and related tax withholding in company common stock. He acquired 23,953 shares at no cost through restricted stock units granted under the 2023 Long Term Incentive Stock Plan, which vest in three equal installments each February 1 over three years. He also acquired 6,237 shares at $13.36 per share as a payout of performance stock units granted in early 2023. To cover tax obligations from the performance stock unit payout, 1,956 shares were disposed of at $13.36 per share through share withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,953 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 6,237 | $13.36 | $83K |
| Exercise Price or Tax Liability | Common Stock | 1,956 | $13.36 | $26K |
Footnotes (3)
- 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 2023.
- F3. Shares withheld to satisfy tax withholding obligations arising upon the payout of performance stock units in a transaction exempt under Rule 16b-3.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did VALLEY NATIONAL BANCORP (VLY) report for Russell Barrett?
How do Russell Barrett’s restricted stock units at VALLEY NATIONAL BANCORP (VLY) vest?
What plan governs the new equity awards to Russell Barrett at VALLEY NATIONAL BANCORP (VLY)?
AI-generated analysis. How Rhea-AI works. Not financial advice.