Form 4: Zions Bancorp COO Sells Shares for Tax Obligations

Zions Bancorporation's President and COO, Scott J. McLean, reported the disposition of common stock to cover tax withholding obligations.

Summary

• Scott J. McLean, President & COO of Zions Bancorporation, National Association /UT/ (ZION), reported two transactions involving the disposition of common stock.
• On February 10, 2026, 780 shares of common stock were disposed of at a price of $64.08 per share.
• On February 11, 2026, an additional 1,033 shares of common stock were disposed of at a price of $62.91 per share.
• These dispositions were made under transaction code 'F', indicating they were for the payment of tax liability by delivering or withholding securities incident to the receipt, exercise, or vesting of a security.
• Following these transactions, Scott J. McLean directly beneficially owns 82,627 shares of Zions Bancorporation common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transactions are routine tax-related dispositions of shares by an executive, which do not reflect a discretionary sale or a change in the company's operational or financial outlook.

Positives

• The underlying event leading to these dispositions is typically the vesting of equity awards, which aligns executive incentives with shareholder interests and is a common component of executive compensation packages.

Negatives

• The transactions result in a slight reduction in the direct share ownership of a key executive, though this is a non-discretionary sale for tax purposes rather than a market-driven decision.

Industry Context

StockSavvy.ai notes that these types of transactions are routine for executives who receive equity compensation. The disposition of shares to cover tax obligations upon the vesting of restricted stock or exercise of options is a standard practice across publicly traded companies, including those in the banking sector.

Comparison to Industry Standards

• These transactions are consistent with standard executive compensation practices across the financial services industry, where equity awards often vest over time and require tax withholding upon vesting or exercise.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are non-discretionary tax-related sales, not a signal of executive sentiment on the stock's value.
• Employees: No direct impact.

Key Dates

Recommendation

The reported transactions are routine tax-related dispositions of shares by a key executive, which do not provide new information regarding the company's operational performance, strategic direction, or future prospects. As such, they do not warrant a change in investment recommendation based solely on this filing. Investors should continue to evaluate Zions Bancorporation based on its financial results, market conditions, and broader industry trends.

Keywords

ZIONS BANCORPORATION, ZION, Form 4, Insider Transaction, Executive Compensation, Stock Sale, Tax Withholding