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 792.912 deferred compensation units, each equivalent to one share of Zions Bancorporation common stock.
Summary
- On April 1, 2024, Stephen D. Quinn, a director of Zions Bancorporation, reported the acquisition of 792.912 deferred compensation units.
- Each unit is the economic equivalent of one share of Zions Bancorporation common stock.
- Following the transaction, Quinn directly owns 106,406.497 shares of common stock.
- The phantom stock units are settled in cash upon the earlier of death or retirement.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it's a standard disclosure of compensation. The acquisition of deferred compensation units is generally viewed as a positive sign of alignment between management and shareholders.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of deferred compensation units aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of earliest transaction and filing date; Stephen D. Quinn acquired deferred compensation units. |
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