Surowiec Yvonne M. 4

What Happened
Yvonne Surowiec, Senior Executive Vice President and Chief People Officer of Valley National Bancorp (VLY), had a total of 6,693 shares withheld on Feb 2, 2026 to satisfy tax-withholding obligations related to the payout of performance stock units. The dispositions were recorded as: 1,893 shares @ $12.46 (≈ $23,587), 2,648 shares @ $12.46 (≈ $32,994), and 2,152 shares @ $12.46 (≈ $26,814), for a combined value of about $83,395. These were tax-withholding dispositions (code F), not open-market sell orders.

Key Details

• Transaction date: 2026-02-02; Form 4 filed: 2026-02-03 (timely).
• Price per share: $12.46. Total shares withheld: 6,693; total value ≈ $83,395.
• Shares owned after transaction: Not reported in the provided filing.
• Footnote: F1 — shares withheld to satisfy tax withholding obligations arising upon payout of performance stock units; transaction exempt under Rule 16b-3.
• Transaction code: F (tax withholding/cashless share retention), not a market sale (S).

Context
Tax-withholding dispositions like this are routine when restricted or performance shares vest; the company withholds shares instead of selling them on the open market to cover taxes. Such transactions generally do not indicate the insider is reducing exposure by choice, and purchases are typically more informative about insider sentiment.