Form 4: Director Quinn Acquires Zions Bancorp Deferred Comp

Zions Bancorporation Director Stephen D. Quinn acquired 824.765 phantom stock units as part of a deferred compensation plan.

Summary

• Stephen D. Quinn, a Director at Zions Bancorporation, National Association (ZION), acquired 824.765 derivative securities.
• These securities are phantom stock units, which are settled in cash upon the earlier of death or retirement.
• The transaction occurred on December 30, 2025.
• Following this acquisition, Quinn beneficially owns a total of 124,390.363 derivative securities.

Sentiment

Score: 6

Explanation: The filing reports a routine, compensation-related acquisition of phantom stock units by a director. While not a direct open-market purchase, it signifies continued insider alignment with the company's long-term performance, which is a minor positive. However, it lacks new material information to significantly alter sentiment.

Positives

• Director Stephen D. Quinn increased his beneficial ownership in the company through the acquisition of 824.765 phantom stock units.
• The phantom stock units, which are settled in cash based on the underlying common stock, align the director's long-term financial interests with the company's performance and shareholder value.

Negatives

• No explicit negatives are present in this Form 4 filing, which primarily reports a routine compensation-related transaction.

Risks

• No specific risks are mentioned in this Form 4 filing, which is a disclosure of a change in beneficial ownership.

Future Outlook

The filing does not contain explicit forward-looking statements or guidance beyond the nature of the phantom stock units being settled upon the earlier of death or retirement.

Industry Context

This filing reports an insider transaction specific to Zions Bancorporation and its director. While not directly indicative of broader industry trends, such compensation structures are common in the financial sector to align executive interests with long-term company performance.

Comparison to Industry Standards

• The use of phantom stock units as a form of deferred compensation for directors is a common practice in publicly traded companies, including those in the financial sector, to provide long-term incentives and align interests with shareholders.

Related Party Transactions

• Acquisition of 824.765 phantom stock units by Director Stephen D. Quinn as part of a deferred compensation plan.

Stakeholder Impact

• Shareholders: Increased alignment of a director's interests with long-term company performance through deferred compensation.
• Management: Standard compensation mechanism for a director.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of phantom stock units by a director as part of a deferred compensation plan. While it indicates continued insider alignment, it does not provide new fundamental information about the company's operational or financial performance that would warrant a change in investment recommendation. It's a standard disclosure without significant market-moving implications.

Keywords

Zions Bancorporation, ZION, Stephen D Quinn, Form 4, Insider Transaction, Director, Deferred Compensation, Phantom Stock Units, Beneficial Ownership