QUINN STEPHEN D 4

What Happened
Stephen D. Quinn, a director of ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ticker: ZION), was granted 873.196 phantom stock units on March 30, 2026. The units are reported at a grant price of $55.54 per unit, for a total reported value of $48,497. This transaction is an award (derivative grant), not an open-market purchase or sale of common shares.

Key Details

• Transaction date: 2026-03-30; Grant code: A (award/acquisition, derivative).
• Units granted: 873.196 phantom stock units; implied per-unit value: $55.54; total value: $48,497 (reported).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: The phantom stock units are settled in cash upon the earlier of death or retirement.
• Filing date: 2026-04-01 — the Form 4 was filed promptly after the reported transaction (no late filing indicated in the record provided).

Context
Phantom stock units are a form of deferred cash compensation tied to the value of company stock; they do not represent immediate issuance of common shares and are paid in cash upon specified events (here, retirement or death). Such grants are routine director compensation and should be viewed as compensation-related rather than a direct buy/sell signal.