Director Suresh L. Sani of Valley National Bancorp filed a Form 4 on November 13, 2026, reporting the sale of 22,828 shares of common stock on April 14, 2026, by an independent investment manager acting through employer-sponsored pension trusts.

Key Highlights

  • Reporting person: Suresh L. Sani, Director of Valley National Bancorp (NASDAQ:VLY)
  • Transaction: 22,828 shares of common stock disposed of (transaction code S) on April 14, 2026
  • Weighted average price: $13.15 per share, with individual transactions ranging from $13.15 to $13.1525
  • No investment control: According to the filing, Sani possesses no investment control over the trusts; shares were sold by an independent investment manager without his prior knowledge or consent
  • Post-transaction beneficial ownership: 21,562 shares held indirectly as co-trustee of pension trusts, 83,946 shares held directly, and 5,705 shares held indirectly as trustee for daughter
  • Preferred stock: Sani also holds 4,416 shares of preferred stock directly, with no reported transaction on that security

Pension Trust Sale by Valley National Bancorp Director Sani on April 14, 2026

According to the filing, the 22,828 shares sold were held by trusts established for two employer-sponsored profit-sharing plans for which Sani serves as co-trustee and beneficiary. The filing states that "the Reporting Person possesses no investment control with respect to these trusts" and that "the shares were sold by an independent investment manager without the Reporting Person's prior knowledge or consent." The transaction carries code S, indicating an open-market sale.

The filing reports a weighted average sale price of $13.15 per share, noting that individual transactions occurred at prices ranging from $13.15 to $13.1525, inclusive. Sani indicated in the filing an undertaking to provide full information on the number of shares sold at each separate price within that range, upon request by the issuer, any security holder, or SEC staff.

Following the reported transaction, the filing shows Sani's indirect beneficial ownership in the pension trusts stands at 21,562 shares of common stock. His direct holdings of common stock are reported as 83,946 shares, and an additional 5,705 shares are held indirectly as trustee for his daughter. Sani also directly holds 4,416 shares of preferred stock, with no transactions reported for that security class. No derivative securities transactions were reported.

What Was Disclosed

Valley National Bancorp director Suresh L. Sani reported the April 14, 2026, sale of 22,828 common shares through employer pension trusts at a weighted average price of $13.15, executed by an independent manager without his knowledge or consent, per the filing.