Form 4: Zions Bancorporation Director Acquires Phantom Stock Units

Zions Bancorporation director Vivian S. Lee acquired phantom stock units settled in cash upon retirement or death.

Summary

• Director Vivian S. Lee of Zions Bancorporation acquired 460.233 phantom stock units on December 31, 2024.
• These phantom stock units are settled in cash upon the earlier of the director's death or retirement.
• Following this transaction, Ms. Lee directly owns 20,772.723 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a neutral to slightly positive sentiment as it shows continued alignment of director interests with the company.

Industry Context

This is a routine filing related to a director's compensation and is typical for publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include phantom stock units, which are common in the financial services industry.
• The reporting of these transactions via SEC Form 4 is a standard practice for publicly traded companies like Zions Bancorporation.
• Comparable companies such as KeyCorp and Regions Financial also regularly report similar transactions by their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.

Key Dates

Keywords

Zions Bancorporation, Director, Phantom Stock Units, Beneficial Ownership, SEC Form 4, Stock Acquisition, Vivian S. Lee