Form 4: Zions Bancorp Executive Sells Shares for Tax Obligations

Zions Bancorporation Executive Vice President Steven Dan Stephens disposed of common stock to cover tax withholding obligations.

Summary

• Steven Dan Stephens, Executive Vice President and Division CEO of Zions Bancorporation, National Association (ZION), reported changes in beneficial ownership.
• On February 10, 2026, Stephens disposed of 315 shares of common stock at a price of $64.08 per share.
• On February 11, 2026, Stephens disposed of an additional 259 shares of common stock at a price of $62.91 per share.
• These transactions were coded 'F', indicating they were dispositions to satisfy tax withholding obligations.
• Following these transactions, Stephens beneficially owns 42,659 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. The transactions are routine, non-discretionary sales for tax withholding and do not reflect a change in management's sentiment or the company's operational outlook.

Negatives

• A reduction in the direct beneficial ownership of common stock by a key executive, totaling 574 shares across two transactions.

Industry Context

StockSavvy.ai notes that routine insider sales for tax withholding purposes, as indicated by the 'F' transaction code, are a common occurrence in executive compensation plans. These transactions are typically non-discretionary and are generally not interpreted as a signal regarding the executive's outlook on the company's future performance or stock price, unlike open market sales.

Stakeholder Impact

• Shareholders: Minimal impact, as these are routine, non-discretionary sales for tax purposes and do not signal a change in company fundamentals or executive confidence.

Key Dates

Recommendation

The reported transactions are routine dispositions of shares to cover tax obligations, not discretionary sales. As such, they do not provide new fundamental information about Zions Bancorporation's performance or future prospects that would warrant a change in investment recommendation. Investors should continue to hold based on broader company fundamentals and market conditions.

Keywords

ZIONS BANCORPORATION, ZION, Form 4, insider transaction, stock sale, executive compensation, tax withholding, beneficial ownership