Form 4: Zions Bancorporation Director Aaron Skonnard Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Aaron Skonnard reports changes in beneficial ownership of Zions Bancorporation stock, including the acquisition of phantom stock units.
Summary
- On April 1, 2024, Aaron Skonnard, a director of Zions Bancorporation, reported changes in his beneficial ownership of the company's securities.
- He acquired 549.83 phantom stock units at $0.
- Following the transaction, Skonnard directly owns 25,272.344 shares of Zions Bancorporation common stock.
- The phantom stock units are settled in cash upon the earlier of death or retirement.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.
Positives
- The acquisition of phantom stock units could align the director's interests with the long-term performance of the company.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This allows investors to monitor the actions of those with privileged information.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Acquisition of phantom stock units. |
| 04/02/2024 | Date of signature by attorney in fact. |
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