Form 4: Zions Bancorporation Chairman & CEO Harris H. Simmons Reports Acquisition of Deferred Compensation Units
SEC Form 4 Filing
Harris H. Simmons, Chairman & CEO of Zions Bancorporation, reports the acquisition of 1,483.23 deferred compensation units, each equivalent to one share of common stock, on March 7, 2024.
Summary
- On March 7, 2024, Harris H. Simmons, the Chairman & CEO of Zions Bancorporation, acquired 1,483.23 units of deferred compensation.
- Each unit is economically equivalent to one share of Zions Bancorporation common stock.
- These shares are paid out in cash or stock upon a date or age elected at the time of deferral, or upon termination of employment.
- Following the transaction, Simmons directly owns 22,857.367 shares of Zions Bancorporation common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding executive compensation, with neutral sentiment.
Future Outlook
Shares are paid out in cash or stock upon date or age elected at time of deferral, or upon termination of employment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of transaction: Acquisition of deferred compensation units. |
| 03/11/2024 | Date of signature by attorney in fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.