Valley National Bancorp: Trusts sell 22,828 shares
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Rhea-AI Filing Summary
Valley National Bancorp (VLY) director Suresh L. Sani reported that trusts established for two employer-sponsored profit-sharing plans sold 22,828 common shares on April 14, 2026, at a weighted average of $13.15 per share. An independent investment manager sold the shares without Sani’s prior knowledge or consent; he was a co-trustee and beneficiary but had no investment control over the trusts. No Rule 10b5-1 plan is reported. The trusts held 21,562 shares after the sale. Separate reported positions as of April 14, 2026, included 83,946 common shares held directly, 5,705 common shares held as trustee for his daughter, and 4,416 preferred shares held directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 22,828 | $13.15 | $300K |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Preferred Stock | -- | -- | -- |
Footnotes (2)
- F1. Shares held by trusts established for two employer-sponsored profit-sharing plans of which the Reporting Person is a co-trustee and beneficiary. The Reporting Person possesses no investment control with respect to these trusts. The shares were sold by an independent investment manager without the Reporting Person's prior knowledge or consent.
- F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $13.15 to $13.1525, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the Securities and Exchange Commission staff, upon request, full information regarding the number of shares sold at each separate price within the range.
Key Figures
Key Terms
weighted average price financial
Rule 10b5-1 plan financial
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