SANI SURESH L 4

What Happened

• Sani Suresh L, a director of Valley National Bancorp (VLY), received a grant of 8,121 restricted stock units (RSUs) on 2026-05-18. The award is recorded at $0.00 per share in the Form 4 filing, indicating an equity award rather than a purchase.

Key Details

• Transaction date: 2026-05-18; filing date: 2026-05-19 (timely).
• Transaction type: Award/Grant (Code A); 8,121 RSUs granted at $0.00.
• Total acquisition value shown on Form 4: $0 (standard for RSU grants where no cash was paid).
• Vesting: The RSUs vest in one year, subject to certain exceptions (per footnote).
• Shares owned after the transaction: not specified in this filing.
• No 10b5-1 plan, sale, exercise, or tax-withholding transaction reported here.

Context

• RSUs are a form of compensation that convert into shares (or cash equivalent) upon vesting; they do not represent an immediate cash purchase or sale and are common for executive/director compensation.
• Because this is a grant (not a purchase), it should be viewed as a routine compensation event rather than a direct bullish or bearish market signal.