Form 4: Zions Bancorporation Executive Vice President Steven Stephens Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President and Division CEO Steven Stephens of Zions Bancorporation reports the acquisition and disposal of company stock and stock options on February 12th and 13th, 2025.
Summary
- On February 12, 2025, Steven Stephens, an Executive Vice President and Division CEO at Zions Bancorporation, engaged in multiple transactions involving the company's common stock.
- These transactions included the disposition of 488 shares to cover tax obligations at a price of $55.47, the acquisition of 4,966 shares through the exercise of stock options at $55.68, and the sale of 10,000 shares at an average price of $55.712.
- On February 13, 2025, Stephens disposed of 327 shares at $55.45.
- Following these transactions, Stephens directly owns 45,520 shares of Zions Bancorporation common stock.
- Stephens also owns options to purchase 0 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is common for executives to exercise stock options and sell shares for diversification, tax planning, or other personal financial reasons.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- The reported transactions are typical for executives who receive stock options as part of their compensation packages.
- Similar filings can be observed for executives at comparable financial institutions like Bank of America, Wells Fargo, and JPMorgan Chase.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
- The filing provides transparency to stakeholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/12/2025 | Date of multiple stock transactions including disposition, acquisition via option exercise, and sale of shares. |
| 02/13/2025 | Date of disposition of 327 shares. |
| 02/14/2025 | Date of signature by attorney in fact. |
| 02/22/2025 | Expiration date of stock options. |
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