Lee Vivian S 4

What Happened
Vivian S. Lee, a director of ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ticker: ZION), was granted 414.19 phantom stock units on 2026-06-30. The units are reported at a price of $69.19 each for a total value of approximately $28,658. This was an award/acquisition (Form 4 code A) of derivative units, not an open‑market purchase of shares.

Key Details

• Transaction date: 2026-06-30; filing date: 2026-07-01 (appears timely).
• Transaction type/code: Grant/Award (A) — derivative phantom stock units.
• Units granted: 414.19; reported price per unit: $69.19; total reported value: ~$28,658.
• Shares/units owned after the transaction: not specified in the provided filing details.
• Footnote: the phantom stock units are cash‑settled upon the earlier of the holder’s death or retirement (per filing).

Context
Phantom stock units are a form of deferred compensation that track the value of company shares but are typically settled in cash rather than issuing actual shares. Such awards are routine compensation for directors and do not by themselves indicate a personal purchase or sale of company stock.