{"schema_version":"secwatch.filing_event.v1","accession":"0000714310-24-000174","form_type":"8-K","ticker":"VLY","cik":"0000714310","company_name":"VALLEY NATIONAL BANCORP","filed_at":"2024-12-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.882348+00:00","generated_at":"2026-05-29T05:54:23.967236+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Valley National adopts executive severance plan effective Jan 1, 2025","bullets":["Plan covers President, SEVP, and EVP levels; replaces individual severance agreements.","Non-CIC severance: President gets 2x base salary + 1x target bonus; SEVP/EVP get 1x base salary + 1x or 0x bonus plus COBRA.","CIC severance (2-year window): President/SEVP get 2x base + 2x target; EVP gets 2x base + 1x target, plus 2-year COBRA.","Benefits conditioned on signing release; includes non-solicitation, non-disparagement, non-disclosure covenants.","Plan may be amended or terminated by Committee with 12 months' written notice prior to a CIC."],"urls":{"canonical":"https://secwatch.observer/filing/0000714310-24-000174","json":"https://secwatch.observer/filing/0000714310-24-000174.json","markdown":"https://secwatch.observer/filing/0000714310-24-000174.md","text":"https://secwatch.observer/filing/0000714310-24-000174.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/714310/000071431024000174/0000714310-24-000174-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/714310/000071431024000174/vly-20241203.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T05:54:23.967236+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}