Smith Jennifer Anne 4

What Happened

• Jennifer Anne Smith, Executive Vice President of Zions Bancorporation (ZION), had shares withheld to satisfy tax and/or exercise obligations following option activity. The filing shows disposals of 517 shares on 2026-02-10 at $64.08 ($33,129) and 355 shares on 2026-02-11 at $62.91 ($22,333), a combined 872 shares and roughly $55,462 in value.
• Transaction code F on the Form 4 indicates these were payments of the exercise price or tax liability (share withholding), not open-market sales for cash.

Key Details

• Dates and prices: 2026-02-10 — 517 shares @ $64.08 ($33,129); 2026-02-11 — 355 shares @ $62.91 ($22,333).
• Combined shares withheld: 872; combined value: ~$55,462.
• Shares owned after transaction: not specified in the provided excerpt — see the full Form 4 for post-transaction holdings.
• Notable footnotes: Transaction code F = payment of exercise price or tax liability (share withholding). No 10b5‑1 plan or other trading plan is indicated in the summary data provided.
• Filing timeliness: Form filed 2026-02-12 for transactions on 2026-02-10 and 02-11 — appears timely under the SEC two-business-day rule.

Context

• This appears to be a routine withholding of shares to cover taxes or the exercise cost associated with option exercises (a form of "cashless" settlement). Such withholdings are common housekeeping transactions and are generally less informative about an insider’s market view than open-market purchases or sales.
• The filing does not indicate an open-market sale for personal cash proceeds; it reflects shares used to meet tax/exercise obligations.