SIMMONS HARRIS H 4
Research Summary
AI-generated summary
ZION CEO Harris H. Simmons Receives 37,557-Share Award
What Happened
Harris H. Simmons, Chairman & CEO (and director) of Zions Bancorporation (ZION), received a grant/award of 37,557 shares on 2026-02-12 valued at approximately $2,260,556 (37,557 shares × $60.19). On 2026-02-13, 3,468 of those shares were surrendered/withheld to cover tax withholding obligations at $61.26 per share, a disposition valued at about $212,450. The primary transaction is an equity award (grant); the withheld shares reflect routine tax withholding, not an open-market sale.
Key Details
- Grant (Code A): 37,557 shares acquired on 2026-02-12 at $60.19 per share (total ~$2,260,556).
- Tax withholding (Code F): 3,468 shares disposed on 2026-02-13 at $61.26 per share (total ~$212,450) to satisfy tax liability.
- Shares owned after the transaction: not specified in the summary data provided (see filed Form 4 for post-transaction beneficial ownership).
- Footnote/notes: The F-code indicates shares were withheld to cover taxes on the award (common on vesting/grants).
- Filing: Form 4 filed 2026-02-17 reporting the 2026-02-12 award; confirm timeliness in the SEC filing (Form 4s are generally due within two business days).
Context
This was an equity award to the CEO, not an open-market purchase or sale; the subsequent withholding of shares for taxes is a routine administrative step (often referred to as share withholding or "sell to cover"). Awards signal compensation rather than a direct buying or selling intent in the market. For full details (including any plan terms or vesting conditions), consult the submitted Form 4 and related proxy or SEC filings.