Form 4: Zions EVP Sells Shares for Tax Obligations

Zions Bancorporation Executive Vice President Derek Steward reported the disposition of common stock to cover tax liabilities.

Summary

• Derek Steward, Executive Vice President of ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION), reported changes in beneficial ownership of common stock.
• On February 10, 2026, 534 shares of common stock were disposed of at a price of $64.08 per share.
• This disposition was made to satisfy tax withholding obligations, indicated by Transaction Code 'F'.
• Following this transaction, Derek Steward beneficially owned 13,773 shares of common stock directly.
• On February 11, 2026, an additional 90 shares of common stock were disposed of at a price of $62.91 per share.
• This second disposition was also made to satisfy tax withholding obligations.
• After both reported transactions, Derek Steward directly beneficially owned 13,683 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares is explicitly for tax withholding purposes, which is a non-discretionary and routine transaction for executives receiving equity compensation, not indicative of a change in sentiment towards the company.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that Form 4 filings detailing insider transactions, particularly those related to tax withholding (Transaction Code 'F'), are routine disclosures and typically do not reflect a change in management's outlook on the company's performance or strategic direction. These are common occurrences for executives receiving equity compensation.

Stakeholder Impact

• Shareholders: Minimal impact, as these are routine, non-discretionary sales for tax purposes by an executive, not signaling a change in company fundamentals or executive confidence.

Key Dates

Recommendation

This Form 4 filing details routine, non-discretionary sales of common stock by an executive to cover tax liabilities. Such transactions are common for executives receiving equity compensation and do not typically indicate a change in the company's fundamental outlook or the executive's confidence. Therefore, this filing alone does not provide a basis for altering an existing investment thesis, warranting a 'hold' recommendation.

Keywords

Zions Bancorporation, ZION, Form 4, Insider Trading, Stock Sale, Executive Vice President, Derek Steward, Tax Withholding, Beneficial Ownership