Zions Bancorporation GC reports stock, options
General Counsel Samuel R. Torgesen reports existing ZION common stock and multiple employee stock options, with no new purchases or sales.
Rhea-AI Filing Summary
Zions Bancorporation, National Association (ZION) reported the initial equity holdings of its General Counsel, Samuel R. Torgesen, in a Form 3. He holds 2,139 shares of common stock directly and 6,066.592 shares through a 401(k) plan, plus several employee stock options granted under the 2015 Omnibus Incentive Plan that vest 33% per year over three years.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Torgesen Samuel R
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) F1 | -- | -- | -- |
| holding | Stock Option (right to buy) F1 | -- | -- | -- |
| holding | Stock Option (right to buy) F1 | -- | -- | -- |
| holding | Stock Option (right to buy) F1 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 1,567 contracts (Direct);
Common Stock — 6,066.592 shares (Indirect, By 401(k) Plan);
Common Stock — 2,139 shares (Direct)
Footnotes (1)
- F1. Options granted under the Zions Bancorporation 2015 Omnibus Incentive Plan. Options vest 33% per year for 3 years.
Key Figures
Direct common stock holdings: 2,139 shares
Common stock held via 401(k) plan: 6,066.592 shares
Stock option exercise price: $52.90 per share
+4 more
7 metrics
Direct common stock holdings
2,139 shares
Common stock held directly by General Counsel Samuel R. Torgesen
Common stock held via 401(k) plan
6,066.592 shares
Indirect ownership through a 401(k) plan
Stock option exercise price
$52.90 per share
Option on 361 underlying common shares expiring February 12, 2030
Stock option exercise price
$48.65 per share
Option on 490 underlying common shares expiring February 7, 2028
Stock option exercise price
$73.22 per share
Option on 257 underlying common shares expiring February 10, 2029
Stock option exercise price
$45.65 per share
Option on 459 underlying common shares expiring February 9, 2027
Option vesting schedule
33% per year for 3 years
Options granted under the Zions Bancorporation 2015 Omnibus Incentive Plan
Key Terms
Stock Option (right to buy), Zions Bancorporation 2015 Omnibus Incentive Plan, 401(k) Plan
3 terms
Stock Option (right to buy) financial
"security title shows Stock Option (right to buy) with underlying common stock"
Zions Bancorporation 2015 Omnibus Incentive Plan financial
"Options granted under the Zions Bancorporation 2015 Omnibus Incentive Plan."
401(k) Plan financial
"Common Stock held indirectly with nature of ownership shown as By 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filing disclose for ZION’s General Counsel?
The Form 3 discloses that General Counsel Samuel R. Torgesen holds Zions Bancorporation common stock directly and through a 401(k) plan, and has multiple stock options granted under the company’s 2015 Omnibus Incentive Plan that vest over three years.
What stock options are reported for the ZION General Counsel?
The filing lists four blocks of stock options on Zions Bancorporation common stock, each granted under the 2015 Omnibus Incentive Plan, with exercise prices of $45.65, $48.65, $52.90, and $73.22 per share, expiring between February 9, 2027 and February 12, 2030.
Are the ZION stock options for the General Counsel time-vested?
Yes. The footnote states the options were granted under the Zions Bancorporation 2015 Omnibus Incentive Plan and that they vest 33% per year for 3 years, indicating time-based vesting.
Does the Form 3 indicate any recent buy or sell transactions in ZION stock?
No. The Form 3 serves as an initial statement of beneficial ownership and lists existing holdings and stock options for Samuel R. Torgesen; it does not report any purchases or sales of Zions Bancorporation stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
