Michael D. Hagedorn - Feb 20, 2024 Form 4 Insider Report for VALLEY NATIONAL BANCORP (VLY)

Role
SEVP, Chief Financial Officer
Signature
/s/ MICHAEL D. HAGEDORN
Stock symbol
VLY
Transactions as of
Feb 20, 2024
Transactions value $
$343,234
Form type
4
Date filed
2/22/2024, 03:09 PM
Previous filing
Feb 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLY Common Stock Award $0 +21.3K +24.35% $0.00 109K Feb 20, 2024 Direct F1
transaction VLY Common Stock Award $688K +80.8K +74.31% $8.51 190K Feb 20, 2024 Direct F2
transaction VLY Common Stock Tax liability -$345K -40.5K -21.36% $8.51 149K Feb 20, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units (RSUs) granted under the Valley National Bancorp 2023 Long Term Incentive Stock Plan. The RSUs are time-based with three-year equal vesting, with vesting on each February 1 for the next three years.
F2 Payout of performance stock units granted in early 2021.
F3 Shares withheld to satisfy tax withholding obligations arising upon the payout of performance stock units in a transaction exempt under Rule 16b-3.