Form 4: Zions Bancorporation Director Lee Vivian S. Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Lee Vivian S. reports acquiring phantom stock units convertible to common stock in Zions Bancorporation.
Summary
- On June 28, 2024, Lee Vivian S., a director of Zions Bancorporation, reported acquiring 551.815 phantom stock units.
- These units are settled in cash upon the earlier of death or retirement.
- Following the transaction, Lee Vivian S. directly owns 19,472.643 shares of common stock.
- The report was filed on July 1, 2024, by Rena Miller as attorney in fact.
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 to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of transaction: Acquisition of phantom stock units |
| 07/01/2024 | Date of report filing |
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