Form 4: Zions Bancorporation Executive VP A. Scott Anderson Reports Acquisition of Deferred Compensation Units
SEC Form 4 Filing
Executive VP and Division CEO of Zions Bancorporation, A. Scott Anderson, reports acquiring deferred compensation units equivalent to 460.987 shares of common stock on March 7, 2024.
Summary
- On March 7, 2024, A. Scott Anderson, Executive VP and Division CEO of Zions Bancorporation, reported acquiring 460.987 units of deferred compensation.
- Each unit is economically equivalent to one share of Zions Bancorporation common stock.
- These shares are paid out in cash or stock upon a date or age elected at the time of deferral, or upon termination of employment.
- Following the transaction, Anderson directly owns 23,744.058 shares of Zions Bancorporation common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, neither inherently positive nor negative.
Future Outlook
The shares will be paid out in cash or stock upon a date or age elected at the time of deferral, or upon termination of employment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction increases the executive's stake in the company, aligning their interests with shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of transaction: Acquisition of deferred compensation units. |
| 03/11/2024 | Date of signature by attorney in fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.