Form 4: Zions Bancorporation Director Gary L Crittenden Reports Acquisition of Deferred Compensation Units
SEC Form 4 Filing
Director Gary L Crittenden reports acquisition of 2,874 deferred compensation units, each equivalent to one share of common stock, at $41.76 per unit.
Summary
- On April 26, 2024, Gary L Crittenden, a director of Zions Bancorporation, acquired 2,874 deferred compensation units.
- Each unit is economically equivalent to one share of Zions Bancorporation common stock.
- The price per unit was $41.76.
- Following the transaction, Crittenden directly owns 25,084.739 deferred compensation units.
- These phantom stock units are settled in cash upon the earlier of death or retirement.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, neither inherently positive nor negative.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 04/26/2024 | Date of transaction: Acquisition of deferred compensation units |
| 04/29/2024 | Date of signature on the Form 4 filing |
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