1 unchanged sentence
During the quarter, we did not sell any equity securities not registered under the Securities Act of 1933, as amended.
−Removed: Purchases of equity securities by the issuer and affiliated purchasers during the three months ended September 30, 2021 were as follows:
+Added: Purchases of equity securities by the issuer and affiliated purchasers during the three months ended March 31, 2022 were as follows:
ISSUER PURCHASES OF EQUITY SECURITIES
7 unchanged sentences
Purchased Under the Plans (2)
−Removed: July 1, 2021 to July 31, 2021 2,073 $ 13.30 — 4,112,465
−Removed: August 1, 2021 to August 31, 2021 7,937 12.85 — 4,112,465
−Removed: September 1, 2021 to September 30, 2021 — — — 4,112,465
+Added: January 1, 2022 to January 31, 2022 869,041 $ 13.77 451,000 2,046,473
+Added: February 1, 2022 to February 28, 2022 860,112 13.47 563,503 1,482,970
+Added: March 1, 2022 to March 31, 2022 5,287 14.43 — 1,482,970
Total 1,734,440 $ 13.62 1,014,503
−Removed: (1) Represents repurchases made in connection with the vesting of employee restricted stock awards.
+Added: (1) Includes repurchases made in connection with the vesting of employee restricted stock awards.
(2) On January 17, 2007, Valley publicly announced its intention to repurchase up to 4.7 million outstanding common shares in the open market or in privately negotiated transactions.
The repurchase plan has no stated expiration date.
−Removed: No repurchase plans or programs expired or terminated during the three months ended September 30, 2021.
+Added: No repurchase plans or programs expired or terminated during the three months ended March 31, 2022.
+Added: On April 26, 2022, Valley terminated its 2007 stock repurchase plan (and the remaining shares available for repurchase under this plan in the table above).
+Added: (3) On April 26, 2022, Valley publicly announced a stock repurchase program for up to 25 million shares of Valley common stock.
+Added: The authorization to repurchase will expire on April 25, 2024.
(3) Articles of Incorporation and By-laws:
2 unchanged sentences
(10) Material Contracts:
−Removed: (10.2) Agreement and Plan of Merger , dated as of September 22 , 2021, by and among Valley National Bancorp, Bank Leumi Le-Israel Corporation, a New York corporation and Volcano Merger Sub Corporation, a New York corporation and subsidiary of Valley , incorporated herein by reference to Exhibit 1.1 to the Registrant’s Form 8-K Current Report filed on September 2 7 , 2021.
−Removed: (31.1) Certification of Ira Robbins, Chairman of the Board, President and Chief Executive Officer of the Company, pursuant to Securities Exchange Rule 13a-14(a).*
+Added: (10.1) Investor Rights Agreement, dated as of April 1, 2022, by and between Valley National Bancorp and Bank Leumi Le-Israel B.M., incorporated herein by reference to Exhibit 10.1 to the Registrant's Form 8-K Current Report filed on April 1, 2022.
+Added: (10.2) Separation Agreement and General Release between Valley National Bank and Robert Bardusch dated as of February 16, 2022.*
+Added: (31.1) Certification of Ira Robbins, Chairman of the Board and Chief Executive Officer of the Company, pursuant to Securities Exchange Rule 13a-14(a).*
(31.2) Certification of Michael D.
1 unchanged sentence
(32) Certification pursuant to 18 U.S.C.
−Removed: Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, signed by Ira Robbins, Chairman of the Board, President and Chief Executive Officer of the Company, and Michael D.
+Added: Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, signed by Ira Robbins, Chairman of the Board and Chief Executive Officer of the Company, and Michael D.
Hagedorn, Senior Executive Vice President and Chief Financial Officer of the Company.**
6 unchanged sentences
/s/ Ira Robbins
−Removed: November 8, 2021 Ira Robbins
−Removed: Chairman of the Board, President
−Removed: and Chief Executive Officer
+Added: May 9, 2022 Ira Robbins
+Added: Chairman of the Board and
+Added: Chief Executive Officer
(Principal Executive Officer)
/s/ Michael D.
−Removed: November 8, 2021 Michael D.
+Added: May 9, 2022 Michael D.
Senior Executive Vice President and
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.