Valley National (VLY) SEVP granted 32,935 restricted stock units in equity award
Rhea-AI Filing Summary
Martocci Gino A. reported acquisition or exercise transactions in this Form 4 filing.
Valley National Bancorp senior executive Gino A. Martocci reported an award of 32,935 shares of common stock in the form of restricted stock units granted under the company’s 2023 Long Term Incentive Stock Plan. These RSUs are time-based and vest in three equal installments on each February 1 over the next three years.
After this grant, Martocci directly holds 85,606 common shares. The filing also reports additional indirect holdings of 45,822 shares through his wife and 1,835 shares attributed to his daughter, reflecting family-related ownership positions rather than new market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 32,935 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- 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. Adjusted for additional shares acquired through Valley National Bancorp's Dividend Reinvestment Plan.
FAQ
What did Valley National Bancorp (VLY) executive Gino Martocci report on this Form 4?
How do the new RSUs for Gino Martocci at Valley National Bancorp (VLY) vest?
Was the Valley National Bancorp (VLY) Form 4 for Gino Martocci a stock purchase or sale?
What plan governs the RSU grant to Gino Martocci at Valley National Bancorp (VLY)?
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