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