Steward Derek 4

What Happened
Derek Steward, Executive Vice President of Zions Bancorporation (ZION), was granted 4,278 shares on Feb 12, 2026 (reported value $257,493). To cover tax liabilities, 512 of those shares were surrendered/withheld in three transactions (384 on Feb 12; 23 and 105 on Feb 13) for proceeds totaling $30,954, leaving a net increase of 3,766 shares. The grant is reported under code A (award/grant) and the withholding/surrender under code F (payment of exercise price or tax liability).

Key Details

• Transaction dates and prices:
  • 2026-02-12: Award of 4,278 shares @ $60.19 each = $257,493 (code A)
  • 2026-02-12: 384 shares withheld @ $60.19 = $23,113 (code F)
  • 2026-02-13: 23 shares withheld @ $61.26 = $1,409 (code F)
  • 2026-02-13: 105 shares withheld @ $61.26 = $6,432 (code F)
• Net effect: +3,766 shares; gross award $257,493; shares withheld generated ~$30,954 in tax coverage; net economic gain ~ $226,539 (approx).
• Shares owned after transaction: not specified in the filing provided.
• Footnotes/notes: Withholding (code F) indicates shares were surrendered to cover taxes — a common "sell-to-cover" pattern for vested awards.
• Filing date: Form 4 filed Feb 17, 2026. The Feb 13 transactions are reported within two business days; the Feb 12 transaction(s) appear to have been reported one business day late (filed Feb 17), which may be a minor tardiness in reporting.

Context
This appears to be a standard equity award/vesting event where the executive received a stock award and had a portion of shares withheld to satisfy tax obligations. Such withholding transactions are administrative and do not necessarily signal a change in insider sentiment. Transaction codes: A = award/grant (acquisition), F = payment of exercise price or tax liability (withholding).