Valley National Bancorp (VLY) director awarded 8,121 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PERROTT KATHLEEN C reported acquisition or exercise transactions in this Form 4 filing.
VALLEY NATIONAL BANCORP director receives equity award
Director Kathleen C. Perrott was granted 8,121 shares of Valley National Bancorp common stock on a non-cash basis as a stock award. The award consists of restricted stock units under the Valley National Bancorp 2023 Incentive Compensation Plan and will vest in one year, subject to certain exceptions.
After this grant, Perrott holds a total of 28,603.526 shares of common stock directly. This filing reflects a compensation-related equity award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PERROTT KATHLEEN C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,121 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 28,603.526 shares (Direct, null)
Footnotes (1)
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Key Figures
Equity award size: 8,121 shares
Award price: $0.00 per share
Post-grant holdings: 28,603.526 shares
+1 more
4 metrics
Equity award size
8,121 shares
Restricted stock units granted to director Kathleen C. Perrott
Award price
$0.00 per share
Non-cash grant of restricted stock units
Post-grant holdings
28,603.526 shares
Total common stock held directly after the transaction
Vesting period
One year
Restricted stock units vest in one year, subject to exceptions
Key Terms
Restricted stock units, 2023 Incentive Compensation Plan, Grant, award, or other acquisition
3 terms
Restricted stock units financial
"Restricted stock units awarded under the Valley National Bancorp 2023 Incentive Compensation Plan."
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.
2023 Incentive Compensation Plan financial
"Restricted stock units awarded under the Valley National Bancorp 2023 Incentive Compensation Plan."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did VALLEY NATIONAL BANCORP (VLY) report for Kathleen C. Perrott?
VALLEY NATIONAL BANCORP reported that director Kathleen C. Perrott received a grant of 8,121 shares of common stock as a stock award. The award is in the form of restricted stock units that vest in one year, providing equity-based compensation rather than a market purchase.
What type of equity award did VALLEY NATIONAL BANCORP (VLY) grant to director Kathleen C. Perrott?
The company granted restricted stock units representing 8,121 shares of common stock to director Kathleen C. Perrott. These units were awarded under the VALLEY NATIONAL BANCORP 2023 Incentive Compensation Plan and are scheduled to vest in one year, subject to certain specified exceptions in the plan.
Did the VALLEY NATIONAL BANCORP (VLY) Form 4 show any stock sales by Kathleen C. Perrott?
The Form 4 does not show any stock sales by Kathleen C. Perrott. It reports only an acquisition transaction coded as a grant or award, reflecting 8,121 restricted stock units that increase her direct holdings to 28,603.526 shares of common stock.