Form 4: Zions Bancorporation Director Acquires Deferred Compensation Units

Vivian S. Lee, a Director at Zions Bancorporation, National Association, acquired 462.966 phantom stock units as part of her deferred compensation.

Summary

• Vivian S. Lee, a Director of Zions Bancorporation, National Association (ZION), acquired 462.966 phantom stock units.
• The transaction date for this acquisition was July 1, 2025.
• These phantom stock units are a form of deferred compensation and are settled in cash upon the earlier of death or retirement.
• Following this transaction, Vivian S. Lee's total beneficial ownership of derivative securities stands at 24,939.109 units.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive due to a director increasing their beneficial ownership, even if through deferred compensation, indicating continued alignment with the company's performance. However, it's a routine compensation event, not a significant strategic or financial announcement.

Positives

• The acquisition of deferred compensation units by a director indicates continued alignment of management interests with shareholder value.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future financial performance or strategic outlook.

Industry Context

This filing is a standard Form 4, which is routinely filed by insiders of publicly traded companies to report changes in their beneficial ownership of company securities, often related to compensation or personal investment decisions. It reflects a common practice of providing deferred compensation to directors in the form of phantom stock units.

Comparison to Industry Standards

• Not applicable as this document is an insider transaction report, not a financial performance or operational update. The acquisition of deferred compensation units is a standard practice for director compensation across various industries.

Stakeholder Impact

• Shareholders: Minor positive impact due to increased alignment of a director's interests with shareholder value through deferred compensation.

Key Dates

Keywords

Zions Bancorporation, ZION, Form 4, Insider Transaction, Director, Deferred Compensation, Phantom Stock Units, Beneficial Ownership