Valley National Bancorp (NASDAQ: VLY) EVP has 5,487 shares withheld for tax
Rhea-AI Filing Summary
Mark Saeger, EVP and Chief Credit Officer of Valley National Bancorp, reported a tax-withholding disposition of 5,487 shares of common stock at $14.29 per share on August 3, 2026, to cover taxes on vesting restricted stock units, and now holds 217,799 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,487 shares
Net Sell
1 txn
Insider
SAEGER MARK
Role
EVP, Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 5,487 | $14.29 | $78K |
Holdings After Transaction:
Common Stock — 217,799 shares (Direct)
Footnotes (1)
- F1. Shares withheld to satisfy tax withholding obligations arising upon the vesting of restricted stock units in a transaction exempt under Rule 16b-3.
Key Figures
Shares withheld for tax: 5,487 shares
Per-share value for withholding: $14.29 per share
Shares owned after transaction: 217,799 shares
+1 more
4 metrics
Shares withheld for tax
5,487 shares
Common stock withheld on August 3, 2026 to satisfy tax obligations
Per-share value for withholding
$14.29 per share
Value used for the 5,487-share tax-withholding disposition
Shares owned after transaction
217,799 shares
Direct common stock holdings reported following the disposition
Tax-related disposition shares
5,487 shares
Count also reflected in exercisePriceOrTaxLiabilityShares
Key Terms
restricted stock units, Rule 16b-3, tax withholding obligations
3 terms
restricted stock units financial
"arising upon the vesting of restricted stock units in a transaction exempt"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 16b-3 regulatory
"units in a transaction exempt under Rule 16b-3."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
tax withholding obligations financial
"Shares withheld to satisfy tax withholding obligations arising upon the vesting"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Mark Saeger report for VLY on August 3, 2026?
Mark Saeger reported a tax-withholding disposition of 5,487 common shares. The shares were delivered to cover tax obligations triggered by vesting restricted stock units, rather than an open-market sale, and are treated as a transaction exempt under Rule 16b-3.
Was Mark Saeger’s VLY transaction executed under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox was not marked as an affirming trading plan for this transaction. The disposition is instead described as tax withholding on vesting restricted stock units, exempt under Rule 16b-3, rather than as part of a preset trading program.
What type of security was involved in Mark Saeger’s VLY insider transaction?
The transaction involved Valley National Bancorp common stock. These common shares were withheld to satisfy taxes arising from the vesting of restricted stock units, and the event is identified as a non-derivative tax-withholding disposition rather than a derivative exercise or open-market trade.