SAEGER MARK 4
4 · VALLEY NATIONAL BANCORP · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Valley National (VLY) EVP Mark Saeger Receives Award; Shares Withheld
What Happened
Mark Saeger, EVP and Chief Credit Officer of Valley National Bancorp (VLY), had 11,979 shares withheld on 2026-02-02 to satisfy tax withholding obligations arising from the payout of performance stock units. The shares were withheld at $12.46 per share, totaling approximately $149,258 (breakdown: 2,013 @ $12.46 = $25,082; 5,570 @ $12.46 = $69,402; 4,396 @ $12.46 = $54,774). This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-02-02
- Price per share: $12.46
- Shares withheld (disposed): 11,979 total (2,013; 5,570; 4,396)
- Total value withheld: ~$149,258
- Footnote: Shares were withheld to satisfy tax withholding arising upon payout of performance stock units; transaction exempt under Rule 16b-3 (footnote F1).
- Shares owned after transaction: Not specified in the provided filing.
- Filing timeliness: Report filed 2026-02-03 for a 2026-02-02 transaction (appears timely).
Context
This transaction reflects tax withholding on a compensation award (performance stock units). Such withholdings are routine and do not necessarily indicate executive buying or selling sentiment — they are a method for the company to cover the insider’s tax liability when equity awards vest.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-02$12.46/sh−2,013$25,082→ 211,061 total - Tax Payment
Common Stock
[F1]2026-02-02$12.46/sh−5,570$69,402→ 205,491 total - Tax Payment
Common Stock
[F1]2026-02-02$12.46/sh−4,396$54,774→ 201,095 total
Footnotes (1)
- [F1]Shares withheld to satisfy tax withholding obligations arising upon the payout of performance stock units in a transaction exempt under Rule 16b-3.