{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-23-004984","form_type":"8-K","ticker":"VLY","cik":"0000714310","company_name":"VALLEY NATIONAL BANCORP","filed_at":"2023-04-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.990408+00:00","generated_at":"2026-06-17T06:07:35.248060+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Valley National Bancorp enters Change-in-Control Agreement with Raja Dakkuri","bullets":["Agreement effective April 1, 2023, with Raja Dakkuri.","Severance: 2x highest annual compensation (salary + cash bonuses) plus 2x COBRA/dental premiums if terminated without cause or resigns for good reason within 3 years post-change-in-control.","Disability/death benefit: lump sum equal to 1/12 of highest annual salary.","Excise tax gross-up provision: greater of full payments or cutback to avoid Section 280G excise tax.","Agreement has no effect if employment ends before a change-in-control."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-23-004984","json":"https://secwatch.observer/filing/0001214659-23-004984.json","markdown":"https://secwatch.observer/filing/0001214659-23-004984.md","text":"https://secwatch.observer/filing/0001214659-23-004984.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/714310/000121465923004984/0001214659-23-004984-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/714310/000121465923004984/v432308k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T06:07:35.248060+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"}