Form 4: Zions Bancorporation CEO Harris Simmons Disposes of Preferred Stock Following Redemption

Zions Bancorporation CEO Harris Simmons disposed of 412 shares of Series J Non-Cumulative Perpetual Preferred Stock following a redemption by the issuer.

Summary

• This document is a Form 4 filing, indicating a change in beneficial ownership of securities.
• Harris Simmons, the Chairman and CEO of Zions Bancorporation, disposed of 412 shares of Series J Non-Cumulative Perpetual Preferred Stock.
• The transaction occurred on December 16, 2024.
• The shares were disposed of due to a redemption by the issuer at a price of $1,000 per share.
• The redemption included any declared and unpaid dividends, without accumulation of any undeclared dividend, through but not including the redemption date.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a standard corporate action, and does not indicate any positive or negative sentiment.

Industry Context

This filing is a routine disclosure of a change in beneficial ownership by a company executive, which is a common occurrence in the financial industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, as mandated by the SEC.
• The redemption of preferred stock is a common corporate action, and the terms of the redemption are consistent with typical practices.

Stakeholder Impact

• The redemption of preferred stock may have a minor impact on shareholders holding this specific class of stock.

Key Dates

Keywords

Form 4, Beneficial Ownership, Zions Bancorporation, Harris Simmons, Preferred Stock, Redemption, Securities