Form 4: Zions EVP Smith Reports Routine Stock Dispositions

Jennifer Anne Smith, Executive Vice President at Zions Bancorporation, reported the disposition of common stock shares for tax obligations under a Rule 10b5-1 plan.

Summary

• Jennifer Anne Smith, Executive Vice President of Zions Bancorporation, National Association (ZION), reported changes in her beneficial ownership of common stock.
• On February 10, 2026, Smith disposed of 517 shares of common stock at a price of $64.08 per share.
• On February 11, 2026, Smith disposed of an additional 355 shares of common stock at a price of $62.91 per share.
• These dispositions were made to cover tax liabilities, indicated by transaction code "F".
• The transactions were conducted under a pre-arranged Rule 10b5-1 trading plan.
• Following these transactions, Smith directly owns 17,889.17 shares of Zions Bancorporation common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transactions are routine tax-related dispositions under a pre-arranged plan, which typically do not indicate a change in company fundamentals or insider sentiment.

Positives

• The transactions were conducted under a Rule 10b5-1 plan, indicating pre-planned sales and not a reaction to new, non-public information.

Negatives

• The disposition of shares, even for tax purposes, reduces the direct ownership stake of an executive.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as those for tax withholding purposes under a Rule 10b5-1 plan, are common across the banking industry. These transactions typically do not signal a change in management's outlook on the company's prospects but rather reflect standard compensation and tax practices.

Related Party Transactions

• The reported transactions are insider dealings, specifically the disposition of common stock by an Executive Vice President of Zions Bancorporation.

Stakeholder Impact

• Shareholders: A slight reduction in direct insider ownership, but the routine nature of the transaction under a 10b5-1 plan suggests minimal impact on shareholder confidence.

Key Dates

Recommendation

The filing details routine, pre-scheduled dispositions of shares by an executive for tax purposes. These transactions are not indicative of a change in the company's fundamental outlook or a shift in insider sentiment, thus warranting a 'hold' recommendation as there is no new information to alter an existing investment thesis.

Keywords

Zions Bancorporation, ZION, Jennifer Anne Smith, Form 4, Insider Trading, Stock Disposition, Executive Vice President, Rule 10b5-1, Tax Withholding, Beneficial Ownership