Form 4: Zions Bancorporation President & COO Sells Shares
SEC Form 4 Filing
Scott J. McLean, President & COO of Zions Bancorporation, sold 120,000 shares of common stock in two transactions on July 25 and 26, 2024.
Summary
- Scott J. McLean, the President & COO of Zions Bancorporation, sold 60,000 shares of common stock on July 25, 2024, at a weighted average price of $51.8298.
- He sold an additional 60,000 shares on July 26, 2024, at a price of $51.85.
- Following these transactions, McLean directly owns 74,286 shares and indirectly owns 50,880.403 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports transactions without expressing any opinion or outlook.
Industry Context
Insider sales are common and can be for various reasons, including diversification or personal financial planning. However, large or frequent sales can sometimes be interpreted negatively by the market.
Stakeholder Impact
- Shareholders may react to the news of the stock sale, potentially impacting the stock price.
Key Dates
| Date | Description |
|---|---|
| 07/25/2024 | Sale of 60,000 shares of common stock at a weighted average price of $51.8298. |
| 07/26/2024 | Sale of 60,000 shares of common stock at $51.85 per share. |
| 07/29/2024 | Date of signature by attorney in fact, Rena Miller. |
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