Form 4: Zions Bancorporation Director Stephen D. Quinn Reports Changes in Beneficial Ownership

Director Stephen D. Quinn reports acquisition of phantom stock units settled in cash upon death or retirement.

Summary

• On June 28, 2024, Stephen D. Quinn, a director of Zions Bancorporation, reported a transaction involving deferred compensation.
• Quinn acquired 795.775 phantom stock units.
• These units are settled in cash upon the earlier of death or retirement.
• Following the transaction, Quinn directly owns 111,106.571 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 standard regulatory filing, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure of a director's stock ownership and deferred compensation arrangements, common in the financial services industry.

Comparison to Industry Standards

• Director stock ownership is a common practice in publicly traded companies, including financial institutions like Zions Bancorporation.
• Comparable companies such as KeyCorp, Regions Financial, and Fifth Third Bancorp also have similar disclosures related to their directors' stock ownership.
• The level of stock ownership and deferred compensation arrangements are generally aligned with industry standards for director compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency regarding the director's holdings in the company.

Key Dates