Form 4: Zions Bancorporation Chairman & CEO Harris Simmons Reports Stock Option Exercise and Sale
SEC Form 4
Harris Simmons, Chairman & CEO of Zions Bancorporation, reports exercising stock options and selling shares on February 18, 2025.
Summary
- On February 18, 2025, Harris Simmons, Chairman & CEO of Zions Bancorporation, exercised stock options to acquire 23,424 shares of common stock at a price of $51.23 per share.
- Simultaneously, Simmons disposed of 21,782 shares of common stock at a price of $56.64 per share.
- Following these transactions, Simmons directly owns 1,306,760 shares of Zions Bancorporation common stock.
- The exercised stock options were part of a grant with a graded vesting schedule, meaning the date exercisable varies for each vesting tranche.
Sentiment
Score: 5
Explanation: This is a routine Form 4 filing, indicating insider transactions. The sentiment is neutral as it simply reports the facts of the stock option exercise and sale.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- Shareholders may interpret insider transactions as a signal of management's confidence (or lack thereof) in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of stock option exercise and sale of shares. |
| 02/19/2025 | Date of signature by attorney in fact. |
| 03/22/2025 | Expiration date of stock options. |
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