Martocci Gino A. 4

What Happened
Gino A. Martocci, Senior EVP and President of Commercial Banking at Valley National Bancorp (VLY), had 3,836 shares withheld to satisfy tax withholding obligations arising from the vesting of restricted stock units (RSUs). The withheld shares were valued at $12.28 each, for a total of $47,106. This is a routine tax-withholding disposition rather than an open-market sale.

Key Details

• Transaction date: 2026-04-01; price per share: $12.28; shares withheld/disposed: 3,836; total value: $47,106.
• Transaction code: F (shares withheld to satisfy tax withholding).
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 — shares were withheld to satisfy tax withholding upon RSU vesting (transaction exempt under Rule 16b-3).
• Filing date: 2026-04-02 (filed the next day, within the typical Form 4 reporting window).

Context
Share withholding for taxes is a common, administrative action when RSUs vest; it does not necessarily indicate the insider is selling additional shares or signal a change in sentiment. The filing shows a tax-withholding disposition rather than a market sale or purchase.