MCLEAN SCOTT J 4

What Happened

• Scott J. McLean, President and Chief Operating Officer of ZIONS BANCORPORATION (ZION), was granted 15,973 shares on Feb 12, 2026 (award valued at $961,415 at $60.19/share). To cover tax obligations, 1,677 shares were withheld on Feb 12 and 1,285 shares were withheld on Feb 13 (disposals), leaving a net ~13,011 shares retained. The withheld shares were administrative tax-withholding actions, not open-market sales.

Key Details

• Grant (A): 15,973 shares @ $60.19 on 2026-02-12 — total value reported $961,415.
• Withholding (F): 1,677 shares @ $60.19 on 2026-02-12 — $100,939 (disposed to cover taxes).
• Withholding (F): 1,285 shares @ $61.26 on 2026-02-13 — $78,719 (disposed to cover taxes).
• Net shares retained after these entries: ~13,011 (15,973 granted minus 2,962 withheld).
• Shares owned after transaction: not disclosed in the filing.
• Footnote: Code A = award/grant; Code F = payment of exercise price or tax liability (tax withholding). These withholdings are routine and not the same as an open-market sale.
• Filing: Reported on 2026-02-17 for transactions on 2026-02-12 and 02-13; filing appears timely (within SEC Form 4 business-day rules, accounting for the Feb 16 federal holiday).

Context

• This filing reflects an equity award grant and routine tax-withholding disposals. Withholding to satisfy taxes is a common administrative step and should not be interpreted as a discretionary sale by the insider. The primary action is an acquisition of shares via award rather than an open-market purchase or sale.