Form 4: Zions Bancorporation Executive VP Eric Ellingsen Reports Stock Option Exercise and Sale
SEC Form 4 Filing
Executive VP & Division CEO of Zions Bancorporation, Eric Ellingsen, reports exercising stock options and selling shares on November 11, 2024.
Summary
- Eric Ellingsen, an Executive VP & Division CEO at Zions Bancorporation, reported transactions involving the company's common stock on November 11, 2024.
- He exercised stock options to acquire 1,238 shares at a price of $55.68 per share.
- Simultaneously, he sold 1,238 shares at a price of $60.837 per share.
- Following these transactions, Ellingsen directly owns 35,878 shares of Zions Bancorporation common stock.
- He also holds options to purchase 0 shares at $55.68.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects routine transactions. The exercise of options is a positive sign, but the sale is neutral.
Positives
- The exercise of stock options indicates Ellingsen's confidence in the company's future performance.
Negatives
- The sale of shares could be interpreted as a lack of confidence, but it is a small percentage of his holdings.
Risks
- There are no specific risks mentioned in this document.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. It is common for executives to exercise stock options and sell a portion of the acquired shares for personal financial management.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 11/11/2024 | Date of stock option exercise and sale of shares. |
| 11/12/2024 | Date of signature by attorney in fact. |
| 02/22/2025 | Expiration date of stock options. |
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