LAN TRAVIS 4

What Happened

• Travis Lan, Chief Financial Officer of Valley National Bancorp (VLY), had a total of 6,670 shares disposed on 2026-02-02 via tax withholding related to the payout of performance stock units (PSUs).
• The withholding occurred in three tranches: 1,531 shares ($19,076), 2,548 shares ($31,748), and 2,591 shares ($32,284), each at $12.46 per share, for a combined value of $83,108.
• This was a disposition to satisfy tax obligations (not an open-market sale), a routine administrative action rather than a purchase signal.

Key Details

• Transaction date: 2026-02-02; filing date: 2026-02-03.
• Price per share: $12.46; total shares withheld: 6,670; total value: $83,108.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1 = shares withheld to satisfy tax withholding on PSU payout (transaction exempt under Rule 16b-3). F2 = share count adjusted for additional shares acquired via the company’s Dividend Reinvestment Plan.
• Transaction code: F (payment of tax liability via share withholding).

Context

• These are tax-withholding dispositions tied to PSU payouts (a common, routine practice) and do not necessarily reflect the insider’s view of the company’s stock. They are not open-market sales; shares were withheld by the company to cover taxes.
• Rule 16b-3 exemption indicates the payout and withholding were carried out under standard insider award plan procedures.