Valley National (VLY) SEVP Martocci reports 3,761-share tax withholding
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.
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FAQ
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.
Did Gino Martocci actively sell Valley National (VLY) shares on the market?
The filing shows shares withheld for taxes, not an open-market sale. 3,761 shares were retained by the issuer to satisfy tax withholding on performance stock units, classified under transaction code “F” and exempt under Rule 16b-3.
How many VLY shares does Gino Martocci own after this Form 4 transaction?
After the tax withholding, Gino A. Martocci directly held 52,671 shares of Valley National Bancorp common stock. The filing also reports 45,822 shares held indirectly through his wife and 1,757 shares held indirectly through his daughter.
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.
Are family-held VLY shares disclosed in Gino Martocci’s Form 4 filing?
Yes. The filing reports indirect ownership of Valley National Bancorp shares through family members, listing 45,822 shares attributed to his wife and 1,757 shares attributed to his daughter, in addition to his directly held shares.