Director at Valley National (VLY) receives 8,121-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
SANDOR NITZAN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,121 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 17,624 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 8,121 shares
Grant price: $0.00 per share
Shares owned after grant: 17,624 shares
3 metrics
RSU grant size
8,121 shares
Restricted stock units awarded to director on 2026-05-18
Grant price
$0.00 per share
Reported transaction price per share for RSU grant
Shares owned after grant
17,624 shares
Total common shares directly held by Sandor Nitzan post-transaction
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 Sandor Nitzan?
Valley National Bancorp reported that director Sandor Nitzan received 8,121 shares of common stock as a restricted stock unit grant. The award was part of his equity compensation and did not involve an open-market stock purchase or sale.
What type of equity award did Valley National Bancorp (VLY) grant to director Sandor Nitzan?
Valley National Bancorp granted director Sandor Nitzan restricted stock units representing 8,121 shares of common stock. These units were issued under the company’s 2023 Incentive Compensation Plan as part of his non-cash equity compensation package.
When do Sandor Nitzan’s Valley National (VLY) restricted stock units vest?
The restricted stock units awarded to Sandor Nitzan vest in one year, subject to certain exceptions. This means he generally earns full ownership over that period, assuming the vesting conditions in the plan and award agreement are satisfied.
Is the Form 4 transaction for Valley National (VLY) a buy or a grant to Sandor Nitzan?
The Form 4 transaction is a grant, not a market buy. It is coded as an acquisition from a grant or award, reflecting 8,121 restricted stock units issued as equity compensation rather than shares purchased on the open market.