Ellingsen Eric 4

What Happened
Eric Ellingsen, Executive Vice President & Division CEO of Zions Bancorporation (ZION), exercised 1,519 stock options on Feb 2, 2026 at an exercise price of $51.17 per share (total cost $77,727). The same day he sold all 1,519 shares in an open-market transaction at $61.27 per share, receiving $93,062. The transactions indicate an option exercise followed by an immediate sale (a cashless-like transaction), producing gross proceeds of about $15,335 before taxes and fees.

Key Details

• Transaction date: 2026-02-02; Filing date: 2026-02-03 (timely filing).
• Exercise (code M): 1,519 shares @ $51.17 = $77,727 (acquired by exercise).
• Sale (code S): 1,519 shares @ $61.27 = $93,062 (open-market sale).
• Derivative entry: the filing also records the derivative conversion/termination tied to the exercise (M disposed = $77,727).
• Shares owned after transaction: not specified in the provided filing summary.
• Footnote: Grant has graded vesting; exercise dates may vary by tranche.

Context
An option exercise followed by an immediate sale is common for executives exercising vested options to realize gains or cover costs/taxes; it does not necessarily signal a view on the company's long-term outlook. Transaction codes: M = option exercise/conversion, S = sale.