4//SEC Filing
MENDELSON AVNER 4
Accession 0000714310-22-000069
CIK 0000714310other
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 12:13 PM ET
Size
7.6 KB
Accession
0000714310-22-000069
Insider Transaction Report
Form 4
MENDELSON AVNER
Director
Transactions
- Award
Common Stock
2022-04-01+132,162→ 133,262 total - Award
Common Stock
2022-04-01+1,207,141→ 1,207,141 totalExercise: $8.47From: 2022-04-01Exp: 2025-08-22→ Common Stock (1,207,141 underlying)
Footnotes (2)
- [F1]Effective April 1, 2022, Valley National Bancorp ("Valley") completed its acquisition of Bank Leumi le-Israel Corporation, a New York corporation ("Leumi USA"), pursuant to the Agreement and Plan of Merger, dated as of September 22, 2021 (the "Merger Agreement"). In connection with the merger, Valley assumed the reporting person's non-competition agreement with Leumi USA and the related restricted stock unit ("RSU") award. The RSU award will vest in equal increments on April 1, 2023, April 1, 2024 and April 1, 2025.
- [F2]Pursuant to the Merger Agreement, at the effective time of the merger, each fully vested outstanding Leumi USA stock option held by an active employee of Leumi USA was converted into a stock option to acquire shares of Valley Common Stock, with the number of shares underlying each such stock option and the applicable exercise price adjusted based on an exchange ratio of 4.225 shares of Valley Common Stock per share of Leumi USA Common Stock.
Documents
Issuer
VALLEY NATIONAL BANCORP
CIK 0000714310
Entity typeother
Related Parties
1- filerCIK 0001920669
Filing Metadata
- Form type
- 4
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 12:13 PM ET
- Size
- 7.6 KB