Form 4: Zions Bancorp Executive Sells Shares

Zions Bancorporation Executive VP & Division CEO Eric Ellingsen reported the sale of 1,062 shares of common stock in two separate transactions.

Summary

• Eric Ellingsen, Executive VP & Division CEO of Zions Bancorporation, National Association, reported changes in his beneficial ownership.
• On February 10, 2026, Ellingsen disposed of 699 shares of common stock at a price of $64.08 per share.
• On February 11, 2026, Ellingsen disposed of an additional 363 shares of common stock at a price of $62.91 per share.
• These transactions were conducted under a Rule 10b5-1(c) plan, indicating pre-scheduled sales.
• Following these transactions, Ellingsen beneficially owns 39,299 shares of Zions Bancorporation common stock.
• The transaction code 'F' typically indicates shares withheld for tax purposes upon the vesting of restricted stock or similar equity awards.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral event. The sales are routine, likely for tax purposes, and pre-scheduled under a 10b5-1 plan, which mitigates any negative sentiment typically associated with insider selling.

Positives

• The transactions were conducted under a Rule 10b5-1(c) plan, suggesting pre-planned sales rather than a reaction to new, non-public information.

Negatives

• A reduction in direct beneficial ownership by a key executive, although likely for tax purposes, reduces their direct equity stake in the company.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those under Rule 10b5-1 plans, are common in the banking sector as executives manage their equity compensation and tax obligations. These routine sales typically do not signal a change in company fundamentals or executive confidence.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine, pre-scheduled sales for tax purposes and do not reflect a change in company fundamentals or executive confidence.
• Employees: No direct impact.

Key Dates

Recommendation

The reported insider sales are routine, pre-scheduled transactions under a 10b5-1 plan, likely for tax withholding related to equity compensation. Such transactions do not typically indicate a change in the company's fundamental outlook or management's confidence, thus warranting a 'hold' recommendation based solely on this filing.

Keywords

Zions Bancorporation, ZION, Eric Ellingsen, Insider Trading, Form 4, Stock Sale, Executive Compensation, Rule 10b5-1