Valley National CEO withholds shares for RSU taxes
Valley National Bancorp Chief Executive Officer Ira Robbins reported routine share movements related to equity compensation.
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
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 10,266 | $12.46 | $128K |
| Exercise Price or Tax Liability | Common Stock | 15,091 | $12.46 | $188K |
| Exercise Price or Tax Liability | Common Stock | 13,260 | $12.46 | $165K |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Shares withheld to satisfy tax withholding obligations arising upon the vesting of restricted stock units in a transaction exempt under Rule 16b-3.
- F2. 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.
- F3. Includes shares acquired through Valley's Dividend Reinvestment Program since the Reporting Person's last Form 4 filing.
FAQ
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What insider activity did Valley National Bancorp (VLY) report for CEO Ira Robbins?
Were Ira Robbins’ reported VLY transactions open-market sales or tax withholdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.