Smith Jennifer Anne 4

What Happened

• Jennifer Anne Smith, Executive Vice President of ZIONS BANCORPORATION (ZION), exercised stock options on 2026-02-18 for a total of 2,089 shares (1,890 + 199) at an exercise price of $52.90 per share (acquisition cost $110,508). She sold those same 2,089 shares in the open market the same day at $62.48 per share for total proceeds of $130,521. The transactions generated roughly $20,013 in gross proceeds above the exercise cost (before taxes and fees). These were option-exercise (code M) and same-day sales (code S).

Key Details

• Transaction date: 2026-02-18; filing date: 2026-02-19 (filed timely).
• Exercise price(s): $52.90; Sale price(s): $62.48.
• Shares exercised: 1,890 and 199 (total 2,089). Acquisition totals: $99,981 and $10,527 (total $110,508).
• Shares sold: 1,890 and 199 (total 2,089). Sale proceeds: $118,087 and $12,434 (total $130,521).
• Shares owned after transaction: not disclosed in this Form 4.
• Footnote: F1 — the grant has a graded vesting schedule; date exercisable varies by tranche.
• Transaction codes: M = option exercise; S = open-market sale. The filing also lists derivative dispositions corresponding to the exercised options.

Context

• This was a same-day exercise-and-sell (cashless) transaction: options were exercised and the resulting shares were sold immediately. Such transactions are commonly used to cover exercise costs and taxes and are generally considered routine; they do not carry the same informational weight as outright purchases by insiders.