REGAN JOHN P 4
Research Summary
AI-generated summary
Valley National (VLY) Chief Risk Officer Withholds 4,907 Shares
What Happened
John P. Regan, Senior Executive Vice President and Chief Risk Officer of Valley National Bancorp (VLY), had 4,907 shares withheld on July 1, 2026 to satisfy tax withholding obligations arising from the vesting of restricted stock units (RSUs). The withholding occurred at $14.65 per share, for a total value of approximately $71,888. This was a tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date: 2026-07-01; filing date: 2026-07-02 (timely filing).
- Shares withheld: 4,907 at $14.65 per share; total value ≈ $71,888.
- Transaction code: F (payment of exercise price or tax liability via share withholding).
- Footnote: F1 — shares withheld to satisfy tax withholding on RSU vesting; transaction exempt under Rule 16b-3.
- Shares owned after the transaction: not specified in this filing.
Context
This was a routine tax-withholding action related to RSU vesting—not a discretionary sale intended to raise cash in the open market. Such withholdings are common and don’t necessarily indicate the insider’s view of the company’s stock. Purchases or open-market sales typically provide clearer signals about insider sentiment.