Form 4: Zions Bancorporation Director Gupta Suren Reports Acquisition of Deferred Compensation Units

Director Gupta Suren reports acquisition of 2,874 deferred compensation units equivalent to common stock shares in Zions Bancorporation.

Summary

• On April 26, 2024, Gupta Suren, a director of Zions Bancorporation, acquired 2,874 units of deferred compensation.
• Each unit is economically equivalent to one share of Zions Bancorporation common stock.
• The transaction was reported on April 29, 2024.
• Following the transaction, Gupta Suren directly owns 29,447.774 units.
• The 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, so the sentiment is neutral.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and 10% owners) of publicly traded companies, providing transparency into their transactions in the company's securities. This allows the public to monitor insider activity, which can sometimes provide insights into the company's prospects.

Stakeholder Impact

• The acquisition of deferred compensation units by a director could be perceived positively by stakeholders as it aligns the director's interests with those of the shareholders.

Key Dates