Form 4: Zions Bancorp CEO Gifts Shares Under 10b5-1 Plan
Insider Transaction Report
Zions Bancorporation's Chairman and CEO, Harris H. Simmons, reported a planned gift of 11,200 shares of common stock effective August 4, 2025, under a Rule 10b5-1 trading plan.
Summary
- Harris H. Simmons, Chairman and CEO of Zions Bancorporation, National Association (ZION), reported a disposition of 11,200 shares of common stock.
- The transaction, effective August 4, 2025, was executed as a bona fide gift at a price of $0 per share.
- This transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
- Following this transaction, Mr. Simmons' direct beneficial ownership stands at 1,295,560 shares of common stock.
Sentiment
Score: 5
Explanation: A gift of shares by a CEO under a 10b5-1 plan is generally neutral. It reflects personal financial planning and does not indicate a positive or negative outlook on the company's performance or future prospects.
Positives
- The transaction was conducted under a Rule 10b5-1 plan, indicating a pre-arranged disposition and potentially reducing concerns about insider trading based on material non-public information.
- The gift nature of the transaction suggests personal financial planning rather than a sale for liquidity or a negative outlook on the company.
Future Outlook
NA
Industry Context
This filing is an insider transaction report, which is a routine disclosure for publicly traded companies and does not provide specific insights into broader industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Policy Adherence | The transaction was conducted under a Rule 10b5-1 plan, which is a pre-arranged trading plan designed to provide an affirmative defense against insider trading allegations. This demonstrates adherence to robust corporate governance practices regarding insider stock transactions. | 08/04/2025 | Enhances transparency and reduces potential for perceived insider trading, aligning with best practices in corporate governance. |
Stakeholder Impact
- Shareholders: Minimal direct impact. The reduction in the CEO's direct beneficial ownership by 11,200 shares is a small fraction of his total holdings (1,295,560 shares remaining) and the company's overall outstanding shares. The 10b5-1 plan provides transparency.
Key Dates
| Date | Description |
|---|---|
| 08/04/2025 | Date of earliest transaction and filing date for the disposition of 11,200 shares of common stock by Harris H. Simmons. |
Keywords
Zions Bancorporation, ZION, Harris H. Simmons, Form 4, Insider Transaction, Stock Gift, 10b5-1 Plan, CEO, Director, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.