Form 4: Zions Bancorporation Controller Reports Stock Transactions

Zions Bancorporation's Controller, Robert Ryan Richards, reported the acquisition of 2,351 common shares through RSU conversion and the disposition of 3,320 shares via a bona fide gift, alongside a year-end reconciliation adjustment.

Summary

• Robert Ryan Richards, Controller of Zions Bancorporation, reported transactions on December 30, 2025.
• Acquired 2,351 shares of common stock through the exercise/conversion of restricted stock units (RSUs) at a price of $0.
• Disposed of 3,320 shares of common stock via a bona fide gift at a price of $0.
• Following these transactions, direct beneficial ownership stands at 28,705 shares of common stock.
• The restricted stock units were granted under the Zions Bancorporation 2015 Omnibus Incentive Plan and vest 25% per year over four years.
• Holdings were corrected due to a year-end reconciliation.

Sentiment

Score: 5

Explanation: The filing is a factual report of routine insider transactions and does not contain information that would significantly alter the company's perceived financial health or operational outlook, thus maintaining a neutral sentiment.

Positives

• Acquisition of 2,351 common shares through the conversion of Restricted Stock Units, indicating the vesting of long-term incentive compensation.
• The RSU grant under the 2015 Omnibus Incentive Plan aligns management incentives with shareholder interests through a four-year vesting schedule.

Negatives

• Disposition of 3,320 common shares through a bona fide gift, reducing direct beneficial ownership.

Future Outlook

The remaining Restricted Stock Units will continue to vest at 25% per year over four years, aligning future compensation with company performance.

Industry Context

This Form 4 filing details a routine insider transaction, which is common across all industries as part of executive compensation and personal financial management. It does not provide specific insights into broader banking industry trends or competitive dynamics.

Comparison to Industry Standards

• Insider transactions, particularly those involving the vesting and exercise of equity awards and subsequent dispositions (e.g., for tax purposes or gifts), are standard practices for executives in publicly traded companies across various sectors, including banking. No specific comparable companies or projects are mentioned in this filing.

Corporate Governance

Related Party Transactions

• Disposition of 3,320 shares of common stock via a bona fide gift, which is a personal transaction by an insider.

Stakeholder Impact

• Shareholders: Minor impact as these are routine insider transactions, reflecting compensation and personal financial planning rather than a significant change in company strategy or financial health.
• Management: The vesting of RSUs represents a component of the Controller's compensation package.

Next Steps

• Continued vesting of Restricted Stock Units at 25% per year for the remaining term.

Key Dates

Keywords

Zions Bancorporation, ZION, Form 4, Insider Transaction, Robert Ryan Richards, Controller, Common Stock, Restricted Stock Units, RSU, Stock Grant, Stock Gift, Beneficial Ownership