Kyriakakis Christopher 4

What Happened

• Christopher Kyriakakis, EVP and Chief Risk Officer of Zions Bancorporation (ZION), was granted 10,917 shares on Feb 12, 2026 at $60.19 per share (total value ≈ $657,094). To cover exercise price/tax withholding, 473 shares were disposed on Feb 12 at $60.19 ($28,470) and 364 shares were disposed on Feb 13 at $61.26 ($22,299). Net shares retained from the award = 10,917 − 837 = 10,080 (approx.).

Key Details

• Transactions: Feb 12, 2026 — Grant/acquisition (A) 10,917 shares @ $60.19 (≈ $657,094); Feb 12, 2026 — Tax/price payment (F) 473 shares @ $60.19 (≈ $28,470); Feb 13, 2026 — Tax/price payment (F) 364 shares @ $61.26 (≈ $22,299).
• Withheld/disposed shares for taxes/exercise: 837 shares total, proceeds ≈ $50,769.
• Shares owned after transaction: not specified in the provided filing details.
• Filing: Form 4 filed Feb 17, 2026 for transactions on Feb 12–13 (filed 4–5 days after the transactions), later than the standard 2-business-day filing window.
• Transaction codes: A = award/grant (acquisition); F = payment of exercise price or tax liability (share withholding).

Context

• This appears to be a stock award (or option settlement) where a portion of shares was withheld to satisfy taxes/exercise costs (a common "cashless" or withholding settlement). Such withholding is routine and does not necessarily signal the insider’s view on the company’s prospects.
• The grant’s gross value (~$657K) is the primary economic event; the withheld shares simply cover tax/exercise obligations.