Form 4: Zions Bancorp EVP Disposes Shares for Tax Liability

Zions Bancorporation's Executive Vice President, Steven Dan Stephens, disposed of 84 shares of common stock at $61.65 per share for tax liability under a pre-arranged 10b5-1 plan.

Summary

• Steven Dan Stephens, Executive Vice President and Division CEO of Zions Bancorporation, National Association, reported a transaction.
• On February 26, 2026, Stephens disposed of 84 shares of Zions Bancorporation Common Stock.
• This disposition was for the payment of tax liability or exercise price incident to the receipt, exercise, or vesting of a security.
• The shares were valued at $61.65 per share for the purpose of this transaction.
• This transaction was made pursuant to a Rule 10b5-1(c) plan.
• Following this transaction, Stephens directly beneficially owns 48,200 shares of Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares for tax purposes is a routine part of executive compensation management, especially when conducted under a 10b5-1 plan, and does not necessarily signal a change in company fundamentals or outlook.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-scheduled disposition rather than a reaction to immediate market conditions.

Negatives

• The disposition of shares, even for tax purposes, represents a slight reduction in the executive's direct equity stake in the company.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those executed under 10b5-1 plans for tax purposes, are common occurrences in the banking sector as executives manage their personal portfolios and compensation. While a disposition, the pre-planned nature suggests it is not a reaction to new, negative information about Zions Bancorporation, which operates as a regional bank.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, but the 10b5-1 plan mitigates concerns about negative sentiment, as it is a routine compensation-related event.

Key Dates

Recommendation

The transaction is a routine, pre-planned disposition by an executive under a 10b5-1 plan for tax liability, which is common for managing equity compensation. It does not indicate a change in the company's fundamental outlook or performance, nor does it suggest any immediate reason to alter an investment position based solely on this filing.

Keywords

Zions Bancorporation, ZION, Steven Dan Stephens, Insider Transaction, Form 4, Stock Disposition, 10b5-1 Plan, Executive Compensation, Banking Sector