Form 4: Zions Director Stephen Quinn Boosts Stake

Zions Bancorporation Director Stephen D. Quinn acquired 846.405 phantom stock units, increasing his beneficial ownership to 122,493.706 units.

Summary

• Stephen D. Quinn, a Director of Zions Bancorporation, National Association (ZION), acquired 846.405 phantom stock units.
• The transaction occurred on October 3, 2025.
• These phantom stock units are a form of deferred compensation, settled in cash upon the earlier of death or retirement.
• Following this transaction, Mr. Quinn beneficially owns a total of 122,493.706 derivative securities.
• The transaction was made pursuant to a Rule 10b5-1 plan, indicating a pre-arranged acquisition.

Sentiment

Score: 7

Explanation: The acquisition of additional phantom stock units by a director, even as deferred compensation and under a 10b5-1 plan, generally signals confidence in the company's long-term value and prospects. While not a direct open-market purchase, it increases the insider's vested interest.

Positives

• Director Stephen D. Quinn increased his beneficial ownership in Zions Bancorporation by acquiring 846.405 phantom stock units, signaling continued confidence in the company.
• The transaction was executed under a Rule 10b5-1 plan, which suggests a structured, non-discretionary acquisition rather than a speculative trade.

Industry Context

Insider transactions, particularly acquisitions, are often viewed by the market as a signal of management's confidence in the company's future prospects. In the banking sector, such transactions can reflect an insider's perspective on the institution's stability and growth potential amidst broader economic conditions.

Related Party Transactions

• Acquisition of 846.405 phantom stock units by Director Stephen D. Quinn from Zions Bancorporation as deferred compensation.

Stakeholder Impact

• Shareholders: May view the director's increased beneficial ownership as a positive signal of confidence in the company's future performance and stability.

Key Dates

Recommendation

While the acquisition of deferred compensation units by a director is a positive signal of confidence, it is not a direct open-market purchase and is part of a pre-arranged compensation structure (Rule 10b5-1 plan). This transaction alone is unlikely to be a strong catalyst for a 'buy' recommendation but reinforces a 'hold' position for existing investors, suggesting continued confidence from insiders.

Keywords

Zions Bancorporation, ZION, Stephen D Quinn, Form 4, insider transaction, director, deferred compensation, phantom stock, beneficial ownership, Rule 10b5-1