CRANDELL MITCHELL L 4

What Happened

• Mitchell L. Crandell, EVP & Chief Accounting Officer of Valley National Bancorp (VLY), had 5,858 shares withheld to satisfy tax-withholding obligations upon the payout of performance stock units. The transactions occurred on 2026-02-02 at $12.46 per share.
• The withholding consisted of three entries: 951 shares ($11,849), 2,646 shares ($32,969), and 2,261 shares ($28,172), for a combined value of $72,990. These are tax-withholding dispositions (transaction code F), not open-market sales or purchases.

Key Details

• Transaction date: 2026-02-02; filing date: 2026-02-03 (timely file).
• Price per share: $12.46.
• Shares withheld: 951, 2,646, and 2,261 (total 5,858).
• Reported values: $11,849; $32,969; $28,172; total ~$72,990.
• Footnote: F1 — shares withheld to satisfy tax withholding on payout of performance stock units; transaction exempt under Rule 16b-3.
• Shares owned after the transactions were not provided in the supplied filing details.

Context

• This was a tax-withholding event tied to a PSU payout (commonly called a "net issuance"), not a discretionary sale or purchase by the insider. Such withholdings are routine and generally do not signal a change in insider sentiment.
• Transaction code F indicates shares were retained by the company/broker to cover taxes rather than sold in the open market.