Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
During the quarter, we did not sell any equity securities not registered under the Securities Act of 1933, as amended. Purchases of equity securities by the issuer and affiliated purchasers during the three months ended March 31, 2026 were as follows:
ISSUER PURCHASES OF EQUITY SECURITIES
Period Total Number of
Shares Purchased (1) Average
Price Paid
Per Share (2) Total Number of Shares
Purchased as Part of
Publicly Announced
Plans (3) Maximum Number of
Shares that May Yet Be
Purchased Under the Plans (3)
January 1, 2026 to January 31, 2026 10,401 $ 11.68 — 18,948,817
February 1, 2026 to February 28, 2026 3,949,816 13.04 3,181,310 15,767,507
March 1, 2026 to March 31, 2026 820,756 12.13 818,690 14,948,817
Total 4,780,973 $ 12.89 4,000,000
(1) Includes repurchases of 780,973 shares made in connection with the vesting of employee restricted stock awards.
(2) Average price paid does not reflect the one percent excise tax charged on net stock repurchases.
(3) On February 21, 2024, Valley publicly announced a new stock repurchase program for up to 25 million shares of Valley common stock. The authorization to repurchase the remaining shares available under this program expired on April 26, 2026.
On February 24, 2026, Valley publicly announced a new stock repurchase program for up to 25 million shares of Valley common stock. The authorization to repurchase under the new repurchase program became effective on April 27, 2026 and will expire on April 27, 2028.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.