SAEGER MARK 4

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.