Steward Derek 4

What Happened

• Derek Steward, Executive Vice President of Zions Bancorporation (ZION), had a total of 624 shares disposed to cover tax liabilities related to an equity event. The filing shows 534 shares withheld at $64.08 for $34,219 (Feb 10, 2026) and 90 shares withheld at $62.91 for $5,662 (Feb 11, 2026), for a combined value of $39,881.
• This was a tax-withholding/share-for-tax payment (transaction code F), not an open-market sale initiated as a cash-out by the insider.

Key Details

• Transaction dates and prices:
  • 2026-02-10: 534 shares withheld @ $64.08 = $34,219 (disposed)
  • 2026-02-11: 90 shares withheld @ $62.91 = $5,662 (disposed)
• Total shares involved: 624; total value: $39,881.
• Shares owned after transaction: Not specified in this Form 4 filing.
• Notable footnote: Transaction code F indicates shares were used to satisfy tax withholding or payment obligations (common after option exercises or restricted stock vesting).
• Filing timeliness: Form filed 2026-02-12 covering transactions on Feb 10–11; no late filing is indicated in the document.

Context

• These disposals represent shares withheld to meet tax obligations following an equity event (e.g., option exercise or RSU vesting). That is a routine administrative action and does not necessarily signal a change in the insider’s view of the company.
• For retail investors, purchases (insider buys) typically carry more signal than routine tax withholdings; this filing should be viewed as routine compensation-related withholding rather than a voluntary sale.