Valley National SEVP has 3,761 shares withheld for tax
Valley National Bancorp executive Gino A. Martocci, SEVP and President of Commercial Banking, reported an automatic share withholding related to equity compensation.
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Rhea-AI Filing Summary
Valley National Bancorp executive Gino A. Martocci, SEVP and President of Commercial Banking, reported an automatic share withholding related to equity compensation. On February 2, 2026, 3,761 shares of common stock at $12.46 per share were withheld to satisfy tax obligations arising from performance stock units, a transaction exempt under Rule 16b-3.
After this withholding, Martocci directly held 52,671 shares of Valley National Bancorp common stock. Additional indirect holdings disclosed include 45,822 shares held by his wife and 1,757 shares held by his daughter.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,761 | $12.46 | $47K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. 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 transaction did VLY executive Gino Martocci report?
Gino A. Martocci reported an automatic tax-related share withholding. On February 2, 2026, 3,761 Valley National Bancorp common shares at $12.46 were withheld to cover taxes on performance stock units, in a transaction exempt under Rule 16b-3.
What does transaction code "F" mean in the VLY Form 4 for Gino Martocci?
Transaction code “F” indicates shares withheld to pay taxes on equity awards. In this case, 3,761 shares of Valley National Bancorp common stock were withheld to satisfy tax obligations from performance stock units, rather than being sold in the open market.
What roles does Gino Martocci hold at Valley National Bancorp (VLY)?
The Form 4 identifies Gino A. Martocci as an officer of Valley National Bancorp. His title is SEVP, President Commercial Banking, indicating a senior executive leadership position overseeing the company’s commercial banking operations.
AI-generated analysis. How Rhea-AI works. Not financial advice.