Richards Robert Ryan 4

What Happened

• Robert Richards, Controller of ZIONS BANCORPORATION (ZION), received an award of 8,213 shares on 2026-02-12 valued at $60.19 per share (total ~$494,340). To cover tax obligations, 394 shares were withheld on 2026-02-12 at $60.19 ($23,715) and 277 shares were withheld on 2026-02-13 at $61.26 ($16,969), for total withholding of $40,684. Net shares retained from the award = 8,213 − 671 = 7,542 shares (net value ≈ $453,656).

Key Details

• Transactions and prices:
  • 2026-02-12: Award (A) — 8,213 shares @ $60.19 = $494,340 (acquired)
  • 2026-02-12: Tax withholding (F) — 394 shares @ $60.19 = $23,715 (disposed)
  • 2026-02-13: Tax withholding (F) — 277 shares @ $61.26 = $16,969 (disposed)
• Total shares withheld for taxes: 671 shares; total withheld value: $40,684.
• Shares owned after transaction: not specified in the provided filing.
• Notable footnote: disposals are coded F (tax withholding) — a routine withholding to satisfy tax liabilities, not an open-market sale.
• Filing: Report filed 2026-02-17 for transactions dated 2026-02-12 and 02-13. This is beyond the typical two-business-day Form 4 reporting window and may be considered late.

Context

• This was an equity award (compensation) for the Controller with standard tax withholding. Tax-withholding dispositions are routine and do not necessarily signal buying/selling intent. The award indicates compensation recognition rather than an independent purchase; the net increase in holdings was 7,542 shares.