Valley National (VLY) director reallocates 289,630 shares via trust
Valley National Bancorp (VLY): Director Form 4 reports an internal trust reallocation on 10/29/2025.
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Rhea-AI Filing Summary
Valley National Bancorp (VLY): Director Form 4 reports an internal trust reallocation on 10/29/2025. The Steans 1996 Family Trust’s 868,890 shares were divided into three sub‑trusts for no consideration (Transaction Code G). One‑third, 289,630 shares, moved to the Jennifer W. Steans 1996 Exempt Trust, where the reporting person serves as trustee. She no longer has beneficial ownership of the shares held by the two other sub‑trusts.
Following the transactions, reported beneficial holdings include examples such as 1,199,173 shares direct and 105,000 shares via a Roth IRA, alongside additional indirect positions through partnerships, trusts, spouse, and an LLC.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 868,890 | $0.00 | $0.00 |
| Gift | Common Stock | 289,630 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock (Roth IRA) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. The 868,890 shares held by the Steans 1996 Family Trust (the "Family Trust") were divided, in accordance with the terms of the Family Trust, in equal parts and for no consideration into three sub-trusts of the Family Trust, including the Jennifer W. Steans 1996 Exempt Trust, for which the reporting person serves as trustee (the "1996 Exempt Trust"). As a result, one-third of the shares (289,630 shares) previously held in the Family Trust are now held in the 1996 Exempt Trust. The reporting person does not serve as a trustee or otherwise possess investment control over the two other sub-trusts, and as a result, she no longer possesses beneficial ownership of the registrant's shares held by those sub-trusts.
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Was any cash exchanged in the transfers?
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