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Valley National Bancorp director Carlos J. Vazquez received an equity award tied to his board service. On 01/27/2026, he was granted 1,752 shares of common stock at a price of $0 per share, reported as an acquisition.
The award is a pro-rated annual grant of restricted stock units made automatically upon his appointment to the Board of Directors under the Valley National Bancorp 2023 Incentive Compensation Plan. These restricted stock units vest in one year, subject to certain exceptions, and Vazquez’s beneficial ownership after the grant is 1,752 shares held directly.
Valley National Bancorp director Carlos J. Vazquez filed an initial Form 3 reporting his beneficial ownership. As of the event date of 01/27/2026, he reported beneficially owning 0 shares of Valley National Bancorp common stock, held directly.
Valley National Bancorp appointed Carlos Vazquez to its Board of Directors, effective January 27, 2026, to serve until the next annual meeting of shareholders and until a successor is elected and qualified. The Board determined that he is an independent director.
Vazquez was Executive Vice President and Chief Financial Officer of Popular, Inc. from 2013 to 2024 and previously held senior roles there, including President of Popular Bank. He also served on the Board of the Federal Home Loan Bank of New York from 2013 to 2024 and sits on advisory boards for Operation HOPE and Rensselaer Polytechnic Institute’s School of Engineering.
He will serve on Valley’s Audit Committee and Compensation and Human Capital Management Committee, and will participate in the company’s standard non-employee director compensation program. The company states there are no special arrangements related to his selection and no related-party transactions requiring disclosure.