Valley National CFO has shares withheld for taxes
Valley National Bancorp's SEVP and Chief Financial Officer Travis Lan reported routine insider transactions involving company common stock.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Valley National Bancorp's SEVP and Chief Financial Officer Travis Lan reported routine insider transactions involving company common stock. On 02/02/2026, shares were withheld to satisfy tax withholding obligations tied to the payout of performance stock units, in transactions exempt under Rule 16b-3.
Three tax-withholding transactions at $12.46 per share reduced his directly held common stock to 60,704 shares after the final entry. Reported holdings were also adjusted for additional shares acquired through Valley National Bancorp's Dividend Reinvestment Plan.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,531 | $12.46 | $19K |
| Exercise Price or Tax Liability | Common Stock | 2,548 | $12.46 | $32K |
| Exercise Price or Tax Liability | Common Stock | 2,591 | $12.46 | $32K |
Footnotes (2)
- F1. Shares withheld to satisfy tax withholding obligations arising upon the payout of performance stock units in a transaction exempt under Rule 16b-3.
- F2. Adjusted for additional shares acquired through Valley National Bancorp's Dividend Reinvestment Plan.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did VLY CFO Travis Lan report on Form 4?
Valley National Bancorp CFO Travis Lan reported shares of common stock withheld on 02/02/2026. The shares were used to cover tax withholding obligations arising from a performance stock unit payout, in a transaction noted as exempt under Rule 16b-3.
What role does Travis Lan hold at Valley National Bancorp (VLY)?
Travis Lan is identified as an officer of Valley National Bancorp, serving as SEVP, Chief Financial Officer. The Form 4 confirms his status as an executive officer and not a director or 10% owner of the company’s common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.