Form 4: Zions Bancorporation CEO Sells Shares for Tax Obligation

Zions Bancorporation's Chairman & CEO, Harris H. Simmons, disposed of 2,529 shares of common stock to cover tax liabilities at a price of $64.08 per share.

Summary

• Harris H. Simmons, Chairman & CEO of Zions Bancorporation, National Association /UT/ (ZION), reported a transaction involving the company's common stock.
• On February 10, 2026, Mr. Simmons disposed of 2,529 shares of common stock.
• The transaction was executed at a price of $64.08 per share.
• The disposition was made under transaction code 'F', indicating shares were withheld to cover tax liabilities.
• Following this transaction, Mr. Simmons directly beneficially owns 1,278,904 shares of Zions Bancorporation common stock.
• Mr. Simmons holds roles as Director, 10% Owner, and Officer (Chairman & CEO) of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction is a routine tax-related disposition of shares, not indicative of a change in management's confidence or the company's operational performance.

Industry Context

StockSavvy.ai notes that routine insider sales for tax purposes, such as this one, are common and generally do not reflect a change in management's outlook on the company's prospects, distinguishing them from discretionary sales.

Comparison to Industry Standards

• StockSavvy.ai notes that this type of transaction (shares withheld for tax obligations) is a standard practice across publicly traded companies, including peers in the banking sector such as JPMorgan Chase & Co. (JPM) or Bank of America Corp. (BAC), where executives often receive equity compensation that triggers tax liabilities upon vesting or exercise.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and represents a small fraction of the CEO's total holdings.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary sale of shares by the CEO to cover tax obligations. Such transactions are common and do not typically signal a change in the company's fundamentals or management's long-term outlook. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Zions Bancorporation, ZION, Harris H Simmons, Insider Transaction, Form 4, Stock Sale, CEO, Director, Beneficial Ownership, Tax Withholding