Richards Robert Ryan 4

What Happened
Robert Richards, Controller of Zions Bancorporation (ZION), surrendered 315 shares on 2026-04-01 to satisfy tax withholding related to an equity event. The shares were valued at $58.26 each, totaling about $18,352. This was a tax-withholding disposal rather than an open-market sale.

Key Details

• Transaction date: 2026-04-01
• Price per share: $58.26
• Shares surrendered/withheld: 315
• Total value surrendered: $18,352 (approx.)
• Transaction code: F — payment of exercise price or tax liability via share withholding
• Filing date (Form 4): 2026-04-02 (filed promptly)
• Shares owned after transaction: not specified in the provided excerpt

Context
Code F transactions typically mean shares were withheld to cover taxes from an option exercise or restricted stock vesting (a cashless or share-withholding arrangement). These routine withholdings are administrative and do not necessarily indicate the insider is selling stock on the open market or reflect a change in their view of the company. Purchases by insiders are generally more informative about sentiment than routine tax-withholding disposals.