Lee Vivian S 4

What Happened
Vivian S. Lee, a director of Zions Bancorporation (ZION), received an award (grant) of 2,055 phantom stock units on May 1, 2026. Each unit is valued at $63.26, for a total economic value of $129,999. The transaction is reported as an acquisition (code A) of a derivative instrument rather than an open-market stock purchase.

Key Details

• Transaction date: 2026-05-01; Filing date: 2026-05-04 (filed within the required reporting window).
• Award: 2,055 phantom stock units @ $63.26 each; total reported value $129,999.
• Instrument: Derivative/phantom stock units (reported as "Derivative").
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — each unit equals the economic equivalent of one common share; F2 — units are settled in cash upon the earlier of death or retirement.
• Filing timeliness: Timely (not marked late).

Context
Phantom stock units are a form of compensation that track the economic value of company shares but are typically settled in cash rather than issuing actual shares. Such grants compensate directors and do not immediately change voting power or public float. This award reflects compensation, not an open-market purchase or sale.