Valley National director granted 8,121 RSUs
SANI SURESH L reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
SANI SURESH L reported acquisition or exercise transactions in this Form 4 filing.
Valley National Bancorp director Suresh L. Sani received an equity award in the form of restricted stock units. On May 18, 2026, he was granted 8,121 shares of Common Stock at $0.00 per share under the 2023 Incentive Compensation Plan, vesting in one year. After the grant, he holds 83,946 Common shares directly, plus 44,390 Common shares as co-trustee of pension trusts, 5,705 Common shares as trustee for minors, and 4,416 shares of Preferred Stock.
Insider Trade Summary
Grant/Award: 8,121 shares
Grant/Award
4 txns
Insider
SANI SURESH L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,121 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 83,946 shares (Direct);
Common Stock — 5,705 shares (Indirect, Trustee For Minors);
Common Stock — 44,390 shares (Indirect, Co-trustee (pension Trusts));
Preferred Stock — 4,416 shares (Direct)
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
RSU grant size: 8,121 shares
Grant price: $0.00 per share
Direct Common holdings post-grant: 83,946 shares
+4 more
7 metrics
RSU grant size
8,121 shares
Restricted stock units of Common Stock granted on May 18, 2026
Grant price
$0.00 per share
Equity award under 2023 Incentive Compensation Plan
Direct Common holdings post-grant
83,946 shares
Common Stock held directly after the award
Indirect pension trust holdings
44,390 shares
Common Stock as co-trustee of pension trusts
Indirect minors’ trust holdings
5,705 shares
Common Stock as trustee for minors
Preferred Stock holdings
4,416 shares
Preferred Stock held directly as of May 18, 2026
Vesting period
One year
RSU award vests in one year, subject to exceptions
Key Terms
restricted stock units, Incentive Compensation Plan, Preferred Stock, Grant, award, or other acquisition, +2 more
6 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.
Incentive Compensation Plan financial
"Restricted stock units awarded under the Valley National Bancorp 2023 Incentive Compensation Plan."
An incentive compensation plan is a formal program that rewards employees and executives with bonuses, stock, or other payments tied to specific performance goals—such as revenue, profit, productivity, or long‑term share price. Investors watch these plans because they shape how leaders make decisions and take risks; like paying a coach by wins rather than effort, well‑designed plans can drive sustainable growth while poor designs can encourage short‑term behaviors that harm shareholder value.
Preferred Stock financial
"security_title: "Preferred Stock" with 4,416.0000 total shares following the transaction."
Preferred stock is a type of ownership in a company that typically offers investors higher and more consistent dividend payments than common stock. Unlike regular shares, preferred stock usually doesn’t come with voting rights but provides a priority claim on the company’s assets and profits, making it a more stable and predictable investment option. This makes preferred stock attractive to those seeking steady income with lower risk.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition" for the 8,121-share Common Stock entry."
co-trustee (pension Trusts) financial
"nature_of_ownership: "Co-trustee (pension Trusts)" for 44,390 Common shares."
Trustee For Minors financial
"nature_of_ownership: "Trustee For Minors" for 5,705 Common shares."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did VALLEY NATIONAL BANCORP (VLY) report for Suresh L. Sani?
VALLEY NATIONAL BANCORP reported that director Suresh L. Sani received 8,121 shares of Common Stock as a grant. The award was made under the company’s 2023 Incentive Compensation Plan and reflects equity-based compensation rather than an open-market purchase.
Is Suresh L. Sani’s recent Valley National Bancorp transaction a market purchase or sale?
The Form 4 shows a grant or award acquisition, not a market trade. Suresh L. Sani received 8,121 Common shares at no cash cost as equity compensation, with no open-market buying or selling reported in this filing for that award.
How are Suresh L. Sani’s indirect Valley National Bancorp (VLY) holdings structured?
Indirectly, Suresh L. Sani is reported as co-trustee for pension trusts holding 44,390 Common shares and as trustee for minors holding 5,705 Common shares. These roles indicate fiduciary ownership, separate from his 83,946 directly held Common shares and 4,416 Preferred shares.
What plan governs the restricted stock units granted to Suresh L. Sani at Valley National Bancorp?
The restricted stock units granted to Suresh L. Sani were awarded under the Valley National Bancorp 2023 Incentive Compensation Plan. The filing notes that the RSU award vests in one year, subject to specified exceptions set out in that compensation plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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