---
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"
generated_at: "2026-05-29T05:54:23.967236+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Valley National adopts executive severance plan effective Jan 1, 2025

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714310-24-000174
- JSON: https://secwatch.observer/filing/0000714310-24-000174.json
- Plain text: https://secwatch.observer/filing/0000714310-24-000174.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.