Ellingsen Eric 4

What Happened
Eric Ellingsen, Executive Vice President & Division CEO of ZIONS BANCORPORATION (ZION), received a grant/award of 6,503 shares on Feb 12, 2026 (code A) valued at about $391,416 (6,503 x $60.19). To cover tax obligations (code F), 803 shares were surrendered/withheld on Feb 12 at $60.19 ($48,333) and a further 532 shares were withheld on Feb 13 at $61.26 ($32,590). Net result: +5,168 shares retained after withholding. This was an award with tax withholding — not an open-market sale or purchase.

Key Details

• Transactions and prices:
  • 2026-02-12: Award of 6,503 shares at $60.19 — $391,416 (code A).
  • 2026-02-12: 803 shares withheld for taxes at $60.19 — $48,333 (code F).
  • 2026-02-13: 532 shares withheld for taxes at $61.26 — $32,590 (code F).
• Net shares from these events: +5,168 shares (6,503 awarded − 1,335 withheld).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing: Report filed Feb 17, 2026 for transactions on Feb 12–13, 2026. Form 4s are typically due within two business days of a transaction; this filing was submitted several days after the transactions (check the full filing for any timeliness flag).
• Transaction codes: A = Award/Grant (acquisition); F = Payment of exercise price or tax liability (withholding).

Context
This looks like a standard equity award (e.g., restricted stock units or similar) where the company issued shares and withheld some to satisfy tax withholding obligations — a routine administrative step that does not necessarily reflect a buy/sell decision by the insider. For retail investors, awards increase the insider’s stake (here net +5,168 shares), which is often more informative than routine withholding. As always, filings are factual records of transactions; they don’t explain the insider’s motivations.