Form 4: Zions Bancorporation Director Lee Vivian S. Reports Acquisition of Deferred Compensation Units
SEC Form 4 Filing
Director Lee Vivian S. acquired 2,874 deferred compensation units, equivalent to common stock shares, at $41.76 each on April 26, 2024.
Summary
- On April 26, 2024, Lee Vivian S., 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 acquisition price was $41.76 per unit.
- Following the transaction, Lee Vivian S. directly owns 18,744.108 shares.
- 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 detailing a transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The phantom stock units are settled in cash upon the earlier of death or retirement.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
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 by attorney in fact. |
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