STEPHENS STEVEN DAN 4

What Happened

• Steven Dan, Executive Vice President & Division CEO of Zions Bancorporation (ZION), was granted/received 6,440 shares on Feb 12, 2026 (code A) valued at $60.19 each (total ~$387,624). To cover tax obligations (code F), 488 shares were withheld/disposed on Feb 12 at $60.19 ( $29,373) and 327 shares were withheld/disposed on Feb 13 at $61.26 ($20,032). This appears to be an award/vesting event with tax-withholding rather than an open-market sale; net result = +5,625 shares and a net value received of roughly $338,219.

Key Details

• Transaction dates & prices:
  • 2026-02-12: Acquired 6,440 shares @ $60.19 (total ~$387,624) (code A).
  • 2026-02-12: 488 shares withheld/ disposed @ $60.19 (~$29,373) (code F — tax/payment).
  • 2026-02-13: 327 shares withheld/ disposed @ $61.26 (~$20,032) (code F — tax/payment).
• Net shares acquired: 6,440 − 488 − 327 = 5,625 shares.
• Net proceeds/value retained (approx): $387,624 − $49,405 (withholdings) ≈ $338,219.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing date: Form 4 filed 2026-02-17. That is several days after the Feb 12–13 transactions and appears to be later than the usual two-business-day filing window.

Context

• Code A indicates a grant/award (commonly RSU vesting or similar); code F indicates shares were used to pay taxes or exercise costs. Together this pattern typically reflects an award vesting with shares withheld to satisfy tax withholding (a cashless/withholding settlement), not an open-market sale.
• For retail investors: purchases/acquisitions (A) are generally more informative than routine tax withholdings; this filing shows a meaningful award to the EVP but the withheld shares are administrative for taxes.