Form 4: Zions Bancorporation CRO Discloses Tax-Related Stock Sale

Zions Bancorporation's Chief Risk Officer, Christopher Kyriakakis, reported the disposition of 1,046 shares of common stock for tax liability purposes.

Summary

• Christopher Kyriakakis, EVP Chief Risk Officer of Zions Bancorporation, National Association, reported a transaction involving company common stock.
• On February 10, 2026, 1,046 shares of common stock were disposed of.
• The disposition was coded 'F', indicating payment of tax liability by delivering or withholding securities incident to the receipt, exercise, or vesting of a security.
• The shares were disposed of at a price of $64.08 per share.
• Following this transaction, Kyriakakis beneficially owns 29,039.348 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine tax-related disposition of shares by an executive and does not indicate a change in company fundamentals or management sentiment.

Positives

• The transaction is a routine disposition for tax purposes, not a discretionary sale, which typically does not signal a change in management's outlook on the company.

Negatives

• No direct negatives identified as this is a routine tax-related transaction.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that tax-related dispositions of shares by executives are common occurrences, often associated with the vesting of restricted stock units or the exercise of options, and typically do not reflect a change in the executive's confidence in the company's future performance. This transaction is consistent with routine executive compensation practices in the banking sector.

Comparison to Industry Standards

• This type of tax-related disposition is a standard practice across publicly traded companies, including financial institutions like JPMorgan Chase, Bank of America, and Wells Fargo, where executives frequently have shares withheld or sold to cover tax obligations upon vesting of equity awards.
• The volume of shares disposed by Mr. Kyriakakis is relatively small compared to his total holdings, aligning with typical tax withholding percentages for equity compensation.

Management Changes

Corporate Governance

Legal Proceedings

• No legal or regulatory matters are disclosed in this filing.

Related Party Transactions

• The reported transaction is a related party transaction as it involves an executive officer of Zions Bancorporation disposing of company stock.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction and not a discretionary sale signaling a change in executive confidence.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.

Next Steps

• No specific future actions, events, or milestones are mentioned in this Form 4 filing beyond the reported transaction.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary disposition of shares by an executive for tax purposes. Such transactions are common and typically do not provide new fundamental information about the company's performance or future prospects. Therefore, it does not warrant a change in investment recommendation based solely on this disclosure.

Keywords

Zions Bancorporation, ZION, Form 4, Insider Trading, Stock Sale, Executive Compensation, Tax Withholding, Christopher Kyriakakis, Chief Risk Officer