Valley National (NYSE: VLY) CEO withholds shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Valley National Bancorp Chief Executive Officer Ira Robbins reported routine share movements related to equity compensation. On February 2, 2026, three transactions coded “F” withheld 10,266, 15,091, and 13,260 shares of common stock at $12.46 per share to cover tax obligations from vesting restricted stock units under Rule 16b-3.
After these withholdings, Robbins directly beneficially owned 647,971 common shares and indirectly held 426 shares as trustee for minors. The filing also notes adjustments for a prior exempt share transfer and that the indirect total includes shares accumulated through Valley’s dividend reinvestment program.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Robbins Ira
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 10,266 | $12.46 | $128K |
| Tax Withholding | Common Stock | 15,091 | $12.46 | $188K |
| Tax Withholding | Common Stock | 13,260 | $12.46 | $165K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 676,322 shares (Direct);
Common Stock — 426 shares (Indirect, Trustee FBO Minors)
Footnotes (1)
- Shares withheld to satisfy tax withholding obligations arising upon the vesting of restricted stock units in a transaction exempt under Rule 16b-3. Total adjusted to reflect the transfer of shares by the Reporting Person made pursuant to a transaction which was not reportable by virtue of the exemption in Rule 16a-12. Includes shares acquired through Valley's Dividend Reinvestment Program since the Reporting Person's last Form 4 filing.
FAQ
What insider activity did Valley National Bancorp (VLY) report for CEO Ira Robbins?
Valley National Bancorp CEO Ira Robbins reported tax-withholding share transactions tied to vested restricted stock units. The Form 4 shows three code “F” entries where shares were withheld at $12.46 per share, rather than sold on the open market, to satisfy associated tax obligations.
Were Ira Robbins’ reported VLY transactions open-market sales or tax withholdings?
The reported Valley National Bancorp transactions are tax withholdings, not open-market sales. Footnotes explain the shares were withheld to satisfy tax obligations from the vesting of restricted stock units in a transaction exempt under Rule 16b-3, a common administrative equity-compensation mechanism.