Dakkuri Raja A 4
4 · VALLEY NATIONAL BANCORP · Filed Apr 5, 2022
Insider Transaction Report
Form 4
Dakkuri Raja A
SEVP, Chief Risk Officer
Transactions
- Award
Common Stock
2022-04-01+11,521→ 11,521 total - Award
Common Stock
2022-04-01+402,380→ 402,380 totalExercise: $8.47From: 2022-04-01Exp: 2025-08-22→ Common Stock (402,380 underlying)
Footnotes (1)
- [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"). 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.