Valley National (VLY) EVP reports tax-related share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Valley National Bancorp executive Mark Saeger, EVP and Chief Credit Officer, reported automatic share withholdings tied to equity compensation. On February 2, 2026, three Form 4 transactions (code F) showed a total of several thousand common shares withheld at $12.46 per share.
The filing explains these shares were withheld to satisfy tax obligations arising from the payout of performance stock units in a transaction exempt under Rule 16b-3. Saeger continues to hold more than 200,000 shares of Valley National Bancorp common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
SAEGER MARK
Role
EVP, Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,013 | $12.46 | $25K |
| Tax Withholding | Common Stock | 5,570 | $12.46 | $69K |
| Tax Withholding | Common Stock | 4,396 | $12.46 | $55K |
Holdings After Transaction:
Common Stock — 211,061 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Mark Saeger report for VLY?
Mark Saeger reported automatic withholdings of common stock to cover tax obligations from performance stock unit payouts. On February 2, 2026, three code F transactions removed several thousand shares at $12.46 per share, while he remained a significant direct shareholder.
Who is the insider involved in this Valley National Bancorp (VLY) Form 4?
The Form 4 involves Mark Saeger, Executive Vice President and Chief Credit Officer of Valley National Bancorp. He reported share withholdings related to equity compensation, rather than discretionary open‑market buying or selling, and continues to directly own more than 200,000 common shares.
What does transaction code F mean in the VLY Form 4 filing?
In this filing, code F reflects shares withheld to satisfy tax withholding obligations. The footnote states the common stock was withheld when performance stock units paid out in a transaction exempt under Rule 16b‑3, rather than being sold in open‑market transactions.
Are Mark Saeger’s VLY transactions open‑market sales or tax withholdings?
They are tax withholdings, not open‑market sales. The filing explains the common shares were withheld to satisfy tax obligations arising from the payout of performance stock units in a Rule 16b‑3 exempt transaction, a common administrative treatment for equity awards.