VLY CFO Lan Travis Withholds 4,877 Shares for Taxes

What Happened

• Lan Travis, Chief Financial Officer of Valley National Bancorp (VLY), had 4,877 shares withheld to satisfy tax withholding obligations upon vesting of restricted stock units (RSUs). The withholding was recorded at $14.29 per share, a total value of $69,692. This was an administrative tax-withholding transaction (code F), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-08-03; Form filed: 2026-08-04 (timely filing)
• Price per share: $14.29; total value of withheld shares: $69,692
• Shares withheld/disposed: 4,877 (to cover taxes on RSU vesting)
• Shares owned after transaction: Not specified in the filing
• Footnote: Shares were withheld to satisfy tax withholding obligations upon RSU vesting in a transaction exempt under Rule 16b-3

Context

• This is a routine "share withholding" to pay taxes when RSUs vest (sometimes called "sell-to-cover" administratively); it does not represent an open-market sale decision and should not be read as an investment signal. The filing indicates an exempt transaction under Rule 16b-3, which is common for compensatory equity awards.