Form 4: Zions Bancorp COO Sells Shares for Tax Obligations

Zions Bancorporation's President & COO, Scott J. McLean, reported the disposition of 622 common shares at $54.08 each to cover tax liabilities.

Summary

• Scott J. McLean, President & COO of Zions Bancorporation, National Association, reported a transaction involving the company's common stock.
• On December 15, 2025, 622 shares of Common Stock were disposed of.
• The transaction was coded 'F', indicating a payment of tax liability by delivering or withholding securities incident to the receipt, exercise, or vesting of a security.
• The disposition occurred at a price of $54.08 per share.
• Following this transaction, Mr. McLean directly beneficially owns 80,295 shares of Common Stock.

Sentiment

Score: 5

Explanation: Neutral. The transaction is a routine disposition of shares for tax purposes, which is a common and expected event for executives with equity compensation. It does not indicate a positive or negative sentiment towards the company's future performance.

Positives

• The transaction is a routine disposition for covering tax liabilities associated with equity compensation, indicating a normal course of business for executive compensation practices.

Negatives

• A minor reduction in direct beneficial ownership by 622 shares, though this is typical for tax-related transactions and not indicative of a lack of confidence.

Future Outlook

NA

Industry Context

This is a routine insider transaction for tax purposes, common among executives receiving equity compensation in the banking sector. It does not reflect broader industry trends or competitive positioning for Zions Bancorporation.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, small-scale transaction for tax purposes by an executive, not signaling a change in company fundamentals or strategy.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Recommendation

This Form 4 filing details a routine disposition of shares by an executive to cover tax obligations, which is a common occurrence and not indicative of any fundamental change in the company's prospects or the executive's confidence. It does not provide new information that would warrant a change in investment recommendation based solely on this filing.

Keywords

Zions Bancorporation, ZION, Scott J. McLean, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Executive Compensation, Common Stock