Richards Robert Ryan 4

What Happened
Robert Ryan Richards, Controller at Zions Bancorporation (ZION), had 1,037 shares disposed to satisfy tax/exercise obligations related to equity compensation. The filing shows 837 shares withheld on 2026-02-10 at $64.08 each (value $53,635) and 200 shares withheld on 2026-02-11 at $62.91 each (value $12,582), for a combined value of about $66,217. These transactions are coded F (payment of exercise price or tax liability), meaning shares were surrendered/withheld rather than a typical open-market sale.

Key Details

• Transaction dates & prices: 2026-02-10 — 837 shares @ $64.08 ($53,635); 2026-02-11 — 200 shares @ $62.91 ($12,582).
• Total shares withheld: 1,037; total value ≈ $66,217.
• Transaction code: F — payment of exercise price or tax liability (share withholding for taxes).
• Filing date: 2026-02-12 (covers the Feb 10–11 transactions).
• Shares owned after transaction: not specified in the provided filing.
• No 10b5-1 plan, late-filing flag, or other footnotes were provided in the summary data.

Context
Code F transactions commonly occur when an insider exercises stock options or receives an award and the company withholds a portion of shares to cover taxes (a cashless/withholding step). For retail investors, these withholding actions are typically routine and do not necessarily signal a change in the insider’s view of the company; outright purchases tend to be more informative about insider confidence.