Form 4 for VLY VALLEY NATIONAL BANCORP
Accepted 2022-04-05 00:00:00 ET · period of report 2022-04-01 · accession 0000714310-22-000075 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-04-05 | 2022-04-01 | VLY | Dakkuri Raja A | CRO, SEVP | A - Grant | $0.00 | +11.5K | 11.5K | New | $0 |
| D | 2022-04-05 | 2022-04-01 | VLY | Dakkuri Raja A | CRO, SEVP | A - Grant | $0.00 | +402.4K | 402.4K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-04-01 | A | A | 11,521 | $0.00 | 11,521 | D | — | — | |
| 2 | Derivative | Common Stock | 2022-04-01 | A | A | 402,380 | $0.00 | 402,380 | D | $8.47 · 2022-04-01 to 2025-08-22 | 402,380 Common Stock | (F1) Effective April 1, 2022, Valley National Bancorp ("Valley") completed its acquisition of Bank Leumi Le-Israel Corporation, a New York Corporation ("Leumi USA"), pursuant to the Agreement and Plan of Merger, dated as of September 22, 2021 (the "Merger Agreement"). Pursuant to the Merger Agreement, at the effective time of the merger, each fully vested outstanding Leumi USA stock option held by an active employee of Leumi USA was converted into a stock option to acquire shares of Valley Common Stock, with the number of shares underlying each such stock option and the applicable exercise price adjusted based on an exchange ratio of 4.225 shares of Valley Common Stock per share of Leumi USA Common Stock. |