Form 4: Zions Bancorp EVP Sells Shares, Gifts Stock

Zions Bancorporation Executive Vice President Jennifer Anne Smith reported the sale of 2,457 shares and a gift of 1,878 shares of common stock.

Summary

• Jennifer Anne Smith, Executive Vice President of ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ (ZION), reported transactions involving the company's common stock.
• On October 27, 2025, Smith sold 2,457.612 shares of common stock at a weighted average price of $53.108 per share, with prices ranging from $53.108 to $53.115.
• This sale was executed pursuant to a Rule 10b5-1 pre-arranged trading plan.
• Also on October 27, 2025, Smith made a bona fide gift of 1,878 shares of common stock.
• Following these transactions, Smith directly beneficially owns 25,254.7 shares of Zions Bancorporation common stock.

Sentiment

Score: 6

Explanation: The transactions are routine insider filings. The sale was pre-planned under a 10b5-1 plan, which reduces the speculative impact of an insider sale. The gift is a personal financial action. Overall, the filing indicates normal course executive share management.

Positives

• The sale of 2,457.612 shares was executed pursuant to a Rule 10b5-1 pre-arranged trading plan, indicating a systematic approach to share disposition rather than a reaction to immediate company performance.
• The gift of 1,878 shares demonstrates a philanthropic or personal financial planning action, which is generally neutral to positive.

Negatives

• The net effect of the transactions is a reduction in direct beneficial ownership by an Executive Vice President, which could be perceived as a slight decrease in insider alignment, although mitigated by the 10b5-1 plan.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• A bona fide gift of 1,878 shares of common stock was made, which could involve a related party, though the recipient is not specified in the filing.

Stakeholder Impact

• Shareholders: Minimal impact as the transactions represent routine insider share management, with the sale being pre-planned under a 10b5-1 plan.
• Employees: No direct impact indicated.

Key Dates

Recommendation

The Form 4 filing details routine insider transactions, including a pre-planned sale under a 10b5-1 plan and a gift. These actions are typical for executive compensation and personal financial planning and do not provide sufficient new information to warrant a change in investment recommendation. The transactions are not indicative of a significant shift in company fundamentals or outlook, thus a 'hold' recommendation is appropriate based solely on this filing.

Keywords

ZIONS BANCORPORATION, ZION, Form 4, insider trading, stock sale, executive compensation, Jennifer Anne Smith, 10b5-1 plan