VLY CEO reports new stock awards and tax withholding
Valley National Bancorp’s Chief Executive Officer Ira Robbins reported several equity-related transactions in company common stock.
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Rhea-AI Filing Summary
Valley National Bancorp’s Chief Executive Officer Ira Robbins reported several equity-related transactions in company common stock. He acquired 109,492 restricted stock units that vest in three equal installments on each February 1 over the next three years under the 2023 Long Term Incentive Stock Plan. He also acquired 60,295 shares through the payout of performance stock units granted in early 2023. To cover tax withholding obligations from this performance stock payout, 30,841 shares were disposed of by share withholding in a transaction exempt under Rule 16b-3, rather than an open-market sale. Following these transactions, he directly held 747,807 common shares and also reported 426 shares held indirectly as trustee for the benefit of minors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 109,492 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 60,295 | $13.36 | $806K |
| Exercise Price or Tax Liability | Common Stock | 30,841 | $13.36 | $412K |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Restricted stock units (RSUs) granted under the Valley National Bancorp 2023 Long Term Incentive Stock Plan. The RSUs are time-based with three-year equal vesting, with vesting on each February 1 for the next three years.
- F2. Payout of performance stock units granted in early 2023.
- F3. Shares withheld to satisfy tax withholding obligations arising upon the payout of performance stock units in a transaction exempt under Rule 16b-3.
FAQ
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What insider transactions did VLY CEO Ira Robbins report on this Form 4?
How many Valley National Bancorp RSUs did VLY’s CEO receive?
What is the vesting schedule for Ira Robbins’ new Valley National Bancorp RSUs?
AI-generated analysis. How Rhea-AI works. Not financial advice.