VLY EVP Saeger granted RSUs and PSU shares
VALLEY NATIONAL BANCORP EVP Mark Saeger reported equity awards and related tax withholding.
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Rhea-AI Filing Summary
VALLEY NATIONAL BANCORP EVP Mark Saeger reported equity awards and related tax withholding. He acquired 17,777 shares of common stock at $0.00 per share as a grant of restricted stock units under the 2023 Long Term Incentive Stock Plan, which vest in three equal installments each February 1 over three years.
He also acquired 9,876 shares of common stock at $13.36 per share as a payout of performance stock units granted in early 2023, and disposed of 5,462 shares at $13.36 per share that were withheld to cover tax obligations from the performance unit payout. After these transactions, he directly owned 223,286 shares of common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 17,777 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 9,876 | $13.36 | $132K |
| Exercise Price or Tax Liability | Common Stock | 5,462 | $13.36 | $73K |
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 VLY executive Mark Saeger report on this Form 4?
What is the vesting schedule for Mark Saeger’s new VLY restricted stock units?
What is Mark Saeger’s direct ownership in Valley National Bancorp after these transactions?
AI-generated analysis. How Rhea-AI works. Not financial advice.