Valley National director granted 8,121 RSUs
WILKS JEFFREY S reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
WILKS JEFFREY S reported acquisition or exercise transactions in this Form 4 filing.
Valley National Bancorp director Jeffrey S. Wilks received an award of 8,121 restricted stock units under the Valley National Bancorp 2023 Incentive Compensation Plan. The award vests in one year, and after this grant he directly holds 109,157 shares of common stock.
Insider Trade Summary
Grant/Award: 8,121 shares
Grant/Award
8 txns
Insider
WILKS JEFFREY S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,121 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 109,157 shares (Direct);
Common Stock — 4,747 shares (Indirect, Lise and Jeffrey Wilks Family Foundation);
Common Stock — 76,026 shares (Indirect, Wife);
Common Stock — 266,804 shares (Indirect, Lise Wilks 2021 GST Trust);
Common Stock — 12,187 shares (Indirect, Jeffrey Wilks as Trustee FBO Lise Spiegel);
Common Stock — 10,173 shares (Indirect, Jeffrey Wilks as Trustee FBO Jack Philip Wilks);
Common Stock — 10,058 shares (Indirect, Lise Wilks as Trustee FBO David Wilks);
Common Stock — 10,173 shares (Indirect, Jeffrey Wilks as Trustee FBO Andrew Jay Wilks)
Footnotes (1)
- F1. Restricted stock units awarded under the Valley National Bancorp 2023 Incentive Compensation Plan. The award vests in one year, subject to certain exceptions.
Key Figures
RSU grant: 8,121 units
Grant price: $0.0000 per share
Direct holdings after grant: 109,157 shares
+4 more
7 metrics
RSU grant
8,121 units
Restricted stock units awarded under 2023 Incentive Compensation Plan
Grant price
$0.0000 per share
Price per share for the 8,121-unit award
Direct holdings after grant
109,157 shares
Total Valley National Bancorp common shares directly held after award
Indirect trust holding (Andrew Jay Wilks)
10,173 shares
Shares held with Jeffrey Wilks as trustee FBO Andrew Jay Wilks
Indirect GST trust holding
266,804 shares
Shares held by the Lise Wilks 2021 GST Trust
Spouse indirect holding
76,026 shares
Shares held by wife, reported as indirect ownership
Family foundation holding
4,747 shares
Shares held by Lise and Jeffrey Wilks Family Foundation
Key Terms
Restricted stock units, 2023 Incentive Compensation Plan, indirect ownership, Family Foundation, +1 more
5 terms
Restricted stock units financial
"Restricted stock units awarded under the Valley National Bancorp 2023 Incentive Compensation Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2023 Incentive Compensation Plan financial
"Restricted stock units awarded under the Valley National Bancorp 2023 Incentive Compensation Plan."
indirect ownership financial
"ownership_type: "indirect" and nature_of_ownership entries such as trusts, spouse, and foundation."
Family Foundation financial
"nature_of_ownership: "Lise and Jeffrey Wilks Family Foundation""
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition" for the RSU grant."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Valley National Bancorp (VLY) director Jeffrey S. Wilks report in this Form 4?
Jeffrey S. Wilks reported a new equity award on this Form 4. He received 8,121 restricted stock units in Valley National Bancorp common stock and updated his reported direct and indirect holdings as of the transaction date shown in the filing.
How many Valley National Bancorp (VLY) restricted stock units did Jeffrey S. Wilks receive?
Wilks received 8,121 restricted stock units of Valley National Bancorp. The filing notes these units were granted at a price of $0.0000 per share under the company’s 2023 Incentive Compensation Plan, reflecting a compensation award rather than an open-market purchase.
When do Jeffrey S. Wilks’s new Valley National Bancorp (VLY) restricted stock units vest?
The restricted stock units vest in one year from the grant date. According to the footnote, the 8,121 restricted stock units awarded under the 2023 Incentive Compensation Plan fully vest after one year, subject to certain stated exceptions in the plan’s terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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