Form 4: Zions Bancorporation Director Stephen D. Quinn Reports Acquisition of Phantom Stock Units

Director Stephen D. Quinn of Zions Bancorporation reported the acquisition of 676.543 phantom stock units on December 31, 2024.

Summary

• Stephen D. Quinn, a director at Zions Bancorporation, reported acquiring 676.543 phantom stock units on December 31, 2024.
• These phantom stock units are settled in cash upon the earlier of death or retirement.
• Following this transaction, Mr. Quinn directly owns 114,333.252 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of an insider transaction, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to insider transactions, which is common in the financial industry. It provides transparency into the holdings of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• Similar filings are made by directors and officers of other financial institutions such as JP Morgan Chase, Bank of America, and Wells Fargo, when they acquire or dispose of company stock or derivative securities.

Stakeholder Impact

• This transaction provides transparency to shareholders regarding the holdings of a company director.

Key Dates

Keywords

Zions Bancorporation, Stephen D. Quinn, phantom stock units, director, insider trading, Form 4, equity securities