Valley National (VLY) EVP Mark Saeger Withholds 5,487 Shares for Taxes

What Happened

• Mark Saeger, EVP and Chief Credit Officer of Valley National Bancorp (VLY), had 5,487 shares withheld to satisfy tax withholding obligations arising upon the vesting of restricted stock units (RSUs). The withholding was reported as a disposition at $14.29 per share, totaling $78,409. This was a tax-withholding event tied to RSU vesting—not an open-market sale.

Key Details

• Transaction date: 2026-08-03; Filing date: 2026-08-04 (appears timely).
• Price: $14.29 per share; Total value of shares withheld: $78,409.
• Shares withheld/disposed: 5,487.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnote: F1 — Shares were withheld to satisfy tax withholding obligations upon RSU vesting in a transaction exempt under Rule 16b-3.
• Transaction code: F (tax withholding on vested equity), not a market sale.

Context

• This is a routine tax-withholding action commonly used when RSUs vest; the company retains a portion of vested shares to cover taxes. Such withholdings are administrative and do not necessarily signal insider sentiment about the stock.