VAZQUEZ CARLOS J 4

What Happened

• Carlos J. Vazquez, a director of Valley National Bancorp (VLY), was granted 8,121 restricted stock units (RSUs) on 2026-05-18. The reported acquisition price is $0.00 (award/grant), i.e., a non‑cash compensation award; report shows $0 total cash consideration.
• This is a compensation award rather than an open‑market purchase or sale, and RSUs typically convert to shares only after vesting.

Key Details

• Transaction date: 2026-05-18; Filing date: 2026-05-19 (Form 4 accession 0001217333-26-000009) — filing is timely (within required reporting window).
• Transaction type/code: Award/Grant (A); 8,121 units @ $0.00.
• Shares owned after the transaction: Not disclosed in the provided filing excerpt.
• Footnote: F1 — "Restricted stock units awarded under the Valley National Bancorp 2023 Incentive Compensation Plan. The award vests in one year, subject to certain exceptions."
• No 10b5-1 plan, tax‑withholding, or cashless‑sale details are indicated in the excerpt.

Context

• RSU grants are common executive/director compensation. They typically vest over a set period (here, one year) and only become actual shares when vested and settled; they do not represent an immediate buy or sell of company stock.
• Such awards can dilute share count when settled and may be subject to tax withholding at vesting, but the grant itself is a routine compensation action and should not be interpreted as a direct signal of insider buying or selling.