PERROTT KATHLEEN C 4

What Happened

• Kathleen C. Perrott, a director of Valley National Bancorp (VLY), was granted 8,121 restricted stock units (RSUs) on May 18, 2026. The award is reported as an acquisition (code A) at $0.00 per share (non-cash award). The grant was reported on Form 4 filed May 19, 2026.

Key Details

• Transaction date: 2026-05-18; reported price: $0.00 (award/grant).
• Number of shares/units granted: 8,121 RSUs.
• Shares owned after transaction: Not specified in the filing.
• Footnote: These are restricted stock units awarded under the Valley National Bancorp 2023 Incentive Compensation Plan; the award vests in one year, subject to certain exceptions (per filing footnote F1).
• Filing timeliness: Form 4 was filed the next day (timely under Form 4 rules).

Context

• RSUs are typically compensation awards that convert to actual shares when they vest; no cash changed hands at grant and there is no immediate sale. Such awards are common for aligning directors with shareholder interests but do not necessarily indicate buy/sell sentiment.