SIMMONS HARRIS H 4

What Happened

• Harris H. Simmons, Chairman & CEO of Zions Bancorporation (ZION), exercised stock options on 2026-02-04. He exercised a total of 30,504 shares at an exercise price of $51.17 per share (total value ≈ $1,560,890). To cover exercise costs/tax withholding, 26,100 shares were withheld/disposed (valued ≈ $1,669,063), leaving a net issuance/retention of 4,404 shares.
• Transaction types reported: M = option exercise/conversion (acquired shares) and F = payment of exercise price or tax liability (shares withheld/disposed). This is effectively a cashless exercise where most exercised shares were used to satisfy tax/exercise obligations.

Key Details

• Transaction date: 2026-02-04; Form filed: 2026-02-05 (timely).
• Option exercise: 30,504 shares at $51.17 per share (reported amounts: 1,954 shares for $99,986 and 28,550 shares for $1,460,904).
• Shares withheld/used for taxes or payment: 26,100 shares (reported as 1,565 shares for $100,050 and 24,535 shares for $1,569,013) at market prices ~ $63.93–$63.95.
• Net shares retained by insider: 4,404 shares.
• Footnotes: F1 notes a correction to holdings due to year-end reconciliation; F2 notes the underlying grant has a graded vesting schedule (vesting dates vary by tranche).
• Shares owned after the transaction were not specified in the provided filing.

Context

• For retail investors: this is an options exercise with most shares withheld to cover taxes/exercise costs (a common administrative/cashless exercise), not an open‑market sale or purchase signaling a directional trade.
• The filing was submitted promptly the day after the transactions; no late filing flag appears.