ZION Director Vivian S. Lee Receives Phantom Stock Award

What Happened
Vivian S. Lee, a director of Zions Bancorporation (ZION), was granted 398.757 phantom stock units on September 30, 2026. The units are reported at $62.65 each for a total reported value of $24,982. This was a derivative award (code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-09-30; 398.757 units @ $62.65 each (total $24,982).
• Type: Derivative grant/award (phantom stock units), reported as an acquisition.
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnote: Phantom stock units are settled in cash upon the earlier of death or retirement.
• Filing: Form 4 filed 2026-10-01 — appears to be timely (filed shortly after the transaction).

Context
Phantom stock units are a cash-settled form of equity compensation; they track the value of company stock but do not represent actual shares until settled, so they don't immediately change share count or voting power. Such awards are typically compensation-related and do not necessarily signal the insider's view on the company's stock.