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 June 30, 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)
April 1, 2026 to April 30, 2026 311,899 $ 13.41 300,000 24,700,000
May 1, 2026 to May 31, 2026 801,260 13.12 800,000 23,900,000
June 1, 2026 to June 30, 2026 415,074 13.90 400,000 23,500,000
Total 1,528,233 $ 13.39 1,500,000
(1) Includes repurchases of 28,233 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 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. Valley's previous publicly announced stock repurchase program had approximately 14.9 million shares remaining available for repurchase that expired on April 26, 2026.
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.