Valley National Bancorp (VLY) SEVP granted 17,965 RSUs in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SLOAN LYNDSEY M reported acquisition or exercise transactions in this Form 4 filing.
Valley National Bancorp senior executive vice president and general counsel Lyndsey M. Sloan received a grant of 17,965 shares of common stock in the form of restricted stock units under the company’s 2023 Long Term Incentive Stock Plan. These RSUs vest in three equal installments on each February 1 over the next three years. Following this award, Sloan directly holds 51,560 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SLOAN LYNDSEY M
Role
SEVP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 17,965 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 51,560 shares (Direct)
Footnotes (1)
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FAQ
What did Valley National Bancorp (VLY) report in this Form 4 filing?
Valley National Bancorp reported that SEVP and General Counsel Lyndsey M. Sloan acquired 17,965 restricted stock units as a grant. These units were awarded under the 2023 Long Term Incentive Stock Plan at no cost, increasing her direct holdings to 51,560 common shares.
How do the new RSUs for Valley National Bancorp’s SEVP vest?
The restricted stock units granted to Valley National Bancorp’s SEVP and General Counsel vest over three years. Vesting occurs in three equal installments on each February 1 for the next three years, providing a time-based incentive tied to continued service with the company.
Was this Valley National Bancorp (VLY) insider transaction a market purchase or a grant?
The insider transaction was a grant, not a market purchase. Valley National Bancorp awarded 17,965 restricted stock units to SEVP and General Counsel Lyndsey M. Sloan at a recorded price of zero, reflecting a compensation award rather than a cash-funded stock acquisition.