0000714310-22-000069.txt : 20220405
0000714310-22-000069.hdr.sgml : 20220405
20220405121313
ACCESSION NUMBER: 0000714310-22-000069
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220401
FILED AS OF DATE: 20220405
DATE AS OF CHANGE: 20220405
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MENDELSON AVNER
CENTRAL INDEX KEY: 0001920669
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11277
FILM NUMBER: 22805810
MAIL ADDRESS:
STREET 1: VALLEY NATIONAL BANCORP
STREET 2: 1455 VALLEY ROAD
CITY: WAYNE
STATE: NJ
ZIP: 07470
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: VALLEY NATIONAL BANCORP
CENTRAL INDEX KEY: 0000714310
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
IRS NUMBER: 222477875
STATE OF INCORPORATION: NJ
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE PENN PLAZA
CITY: NEW YORK
STATE: NY
ZIP: 10119
BUSINESS PHONE: (973) 305-8800
MAIL ADDRESS:
STREET 1: ONE PENN PLAZA
CITY: NEW YORK
STATE: NY
ZIP: 10119
4
1
wf-form4_164917517891271.xml
FORM 4
X0306
4
2022-04-01
0
0000714310
VALLEY NATIONAL BANCORP
VLY
0001920669
MENDELSON AVNER
1455 VALLEY ROAD
WAYNE
NJ
07470
1
0
0
0
Common Stock
2022-04-01
4
A
0
132162
0
A
133262
D
Common Stock
8.47
2022-04-01
4
A
0
1207141
0
A
2022-04-01
2025-08-22
Common Stock
1207141.0
1207141
D
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"). In connection with the merger, Valley assumed the reporting person's non-competition agreement with Leumi USA and the related restricted stock unit ("RSU") award. The RSU award will vest in equal increments on April 1, 2023, April 1, 2024 and April 1, 2025.
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.
/s/ Avner Mendelson
2022-04-05