Form 4: Zions Bancorporation Director Stephen D. Quinn Disposes of Preferred Stock

Director Stephen D. Quinn disposed of 200,000 shares of Zions Bancorporation Series G Non-Cumulative Perpetual Preferred Stock due to a redemption by the issuer.

Summary

• Stephen D. Quinn, a director at Zions Bancorporation, disposed of 200,000 shares of Series G Non-Cumulative Perpetual Preferred Stock.
• The disposal occurred on December 16, 2024, due to a redemption by the issuer.
• The redemption price was $25 per share, plus any declared and unpaid dividends.
• The shares were directly owned by Mr. Quinn.

Sentiment

Score: 5

Explanation: The document is a neutral report of a standard transaction, with no positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure of a transaction by a company director and is not indicative of broader industry trends.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for reporting transactions by company insiders.
• Redemptions of preferred stock are a common corporate action, often done when the company no longer needs the capital or can refinance at a lower cost.
• The redemption price of $25 per share is typical for preferred stock.

Stakeholder Impact

• The redemption of preferred stock may have a minor impact on shareholders holding this specific series of preferred stock, as they receive the redemption price.

Key Dates

Keywords

Zions Bancorporation, Preferred Stock, Redemption, Director, SEC Form 4, Stephen D. Quinn