Steward Derek 4

What Happened

Derek Steward, Executive Vice President of Zions Bancorporation (ZION), exercised options for 769 shares at an exercise price of $51.17 per share (total cost $39,350) on 2026-02-02 and then sold those 769 shares in an open-market transaction at $60.46 per share (total proceeds $46,494) the same day. The combined transactions show an immediate gross proceeds of $46,494 versus an exercise cost of $39,350 (rough difference ≈ $7,144).

Key Details

• Transaction dates: 2026-02-02 (exercise and sale)
• Exercise (code M): 769 shares @ $51.17 — total cost $39,350
• Sale (code S): 769 shares @ $60.46 — total proceeds $46,494
• Derivative disposition also reported for the 769-share option exercise (listed as disposed under derivative)
• Shares owned after the transactions: Not specified in the filing
• Footnote: F1 — the grant has a graded vesting schedule; vesting/exercisable dates vary by tranche
• Filing status: Report filed 2026-02-03 for transactions on 2026-02-02; no late filing indicated in the report

Context

Because the options were exercised and the exact same number of shares were sold the same day, this appears to be a cashless-style transaction (exercise followed immediately by an open-market sale). Such transactions are common for insiders realizing option gains and do not, by themselves, indicate a change in long-term view of the company.