Form 4: Zions Bancorporation Director Aaron Skonnard Reports Acquisition of Phantom Stock Units

Director Aaron Skonnard of Zions Bancorporation reported the acquisition of 506.256 phantom stock units on December 31, 2024.

Summary

• Aaron Skonnard, a director at Zions Bancorporation, acquired 506.256 phantom stock units on December 31, 2024.
• These phantom stock units are to be settled in cash upon the earlier of death or retirement.
• Following this transaction, Mr. Skonnard directly owns 30,513.932 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a standard transaction. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions, which is common in the financial industry. It provides transparency into the holdings of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The acquisition of phantom stock units is a common form of compensation for directors and executives in the financial sector.
• The level of detail provided in this filing is consistent with SEC requirements for reporting changes in beneficial ownership.

Stakeholder Impact

• This transaction provides transparency to shareholders regarding the holdings of a company director.
• The acquisition of phantom stock units is a form of compensation for the director.

Key Dates

Keywords

Zions Bancorporation, Aaron Skonnard, phantom stock units, director, insider trading, Form 4, equity securities