ZION Director Vivian S. Lee Receives Phantom Stock Award

What Happened

• Vivian S. Lee, a director of Zions Bancorporation (ZION), received an award of 517.616 derivative units on March 30, 2026. The filing values the units at $55.54 each, for a total of $28,748. The transaction is coded as an award/acquisition (A) and represents a grant of phantom stock units, not actual common shares.

Key Details

• Transaction date: 2026-03-30; price/value per unit: $55.54; units granted: 517.616; total value: $28,748 (derivative award).
• Form filed: Apr 1, 2026 (timely filing relative to the reported transaction).
• Shares owned after transaction: not specified in the provided filing.
• Footnote: the phantom stock units are cash-settled upon the earlier of death or retirement (per filing).

Context

• Phantom stock units are derivative awards that typically pay out cash based on the company's share price or a formula at settlement; they do not represent immediate ownership of common stock or voting rights.
• These awards are common as director compensation and should be viewed as compensation (not an open-market purchase or sale).