Form 4: Zions Bancorporation Director Stephen D. Quinn Reports Acquisition of Deferred Compensation Units
SEC Form 4 Filing
Director Stephen D. Quinn reports acquisition of 2,874 deferred compensation units, equivalent to common stock shares, in Zions Bancorporation.
Summary
- On April 26, 2024, Stephen D. Quinn, a director of Zions Bancorporation, acquired 2,874 deferred compensation units.
- Each unit is the economic equivalent of one share of Zions Bancorporation common stock.
- The transaction resulted in Mr. Quinn beneficially owning 109,280.497 units.
- The deferred compensation units are to be settled in cash upon the earlier of death or retirement.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to director compensation. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track confidence levels and potential alignment of interests between management and shareholders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding director compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 04/26/2024 | Date of transaction: Stephen D. Quinn acquired deferred compensation units. |
| 04/29/2024 | Date of signature on the Form 4 filing. |
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