Valley National Bancorp (VLY) COO stock withheld to cover taxes
Rhea-AI Filing Summary
Valley National Bancorp’s SEVP and Chief Operating Officer, Russell Barrett, reported routine tax-related share withholdings. On February 2, 2026, three transactions coded “F” withheld 760, 1,815, and 1,809 common shares at $12.46 per share to cover tax obligations from performance stock unit payouts. Following these withholdings, he directly owned 35,933 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,384 shares
Net Sell
3 txns
Insider
BARRETT RUSSELL
Role
SEVP, Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 760 | $12.46 | $9K |
| Exercise Price or Tax Liability | Common Stock | 1,815 | $12.46 | $23K |
| Exercise Price or Tax Liability | Common Stock | 1,809 | $12.46 | $23K |
Holdings After Transaction:
Common Stock — 35,933 shares (Direct)
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
What insider transaction did VLY’s COO Russell Barrett report?
Russell Barrett reported tax-related share withholdings, not open-market sales. On February 2, 2026, common shares were withheld to satisfy tax obligations from performance stock unit payouts, as disclosed in a Form 4 filed for Valley National Bancorp.
What does transaction code “F” mean in the VLY Form 4 filing?
Code “F” indicates shares were withheld to pay taxes rather than sold in the market. In this filing, the shares covered tax withholding obligations triggered by the payout of performance stock units under Rule 16b-3 for Valley National Bancorp’s COO.
AI-generated analysis. How Rhea-AI works. Not financial advice.