Valley National director granted 8,121 RSUs
SANDOR NITZAN reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
SANDOR NITZAN reported acquisition or exercise transactions in this Form 4 filing.
Valley National Bancorp director Sandor Nitzan received a grant of 8,121 shares of common stock in the form of restricted stock units. The award was granted at no cash cost per share and was made under the Valley National Bancorp 2023 Incentive Compensation Plan.
The restricted stock units vest in one year, subject to certain exceptions, meaning the shares are earned over time as long as conditions are met. After this grant, Nitzan directly holds a total of 17,624 shares of Valley National common stock, reflecting a routine, compensation-related equity award rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,121 | $0.00 | $0.00 |
Footnotes (1)
- F1. Restricted stock units awarded under the Valley National Bancorp 2023 Incentive Compensation Plan. The award vests in one year, subject to certain exceptions.
Key Figures
Key Terms
Restricted stock units financial
2023 Incentive Compensation Plan financial
Grant, award, or other acquisition financial
FAQ
What insider transaction did Valley National Bancorp (VLY) report for Sandor Nitzan?
What type of equity award did Valley National Bancorp (VLY) grant to director Sandor Nitzan?
When do Sandor Nitzan’s Valley National (VLY) restricted stock units vest?
Is the Form 4 transaction for Valley National (VLY) a buy or a grant to Sandor Nitzan?
AI-generated analysis. How Rhea-AI works. Not financial advice.