Zions director granted 2,055 deferred stock units

QUINN STEPHEN D reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

QUINN STEPHEN D reported acquisition or exercise transactions in this Form 4 filing.

Zions Bancorporation director Stephen D. Quinn received a compensation grant of deferred stock units tied to the company’s common stock. On the reported date, he was awarded 2,055 deferred compensation units, each economically equivalent to one share of common stock at a reference value of $63.26 per unit.

The phantom stock units will be settled in cash rather than stock, upon the earlier of his death or retirement. Following this award, Quinn’s directly held deferred compensation balance increased to 128,228.795 units. This is a routine, non‑market grant, not an open‑market stock purchase or sale.

Insider Trade Summary

Grant/Award: 2,055 shares

Grant/Award 1 txn

Insider QUINN STEPHEN D

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Comp	2,055	$63.26	$130K

Holdings After Transaction: Deferred Comp — 128,228.795 contracts (Direct)

Footnotes (2)

1. F1. Each unit is the economic equivalent of one share of common stock.
2. F2. The phantom stock units are settled in cash upon the earlier of death or retirement.

Key Figures

Deferred units granted: 2,055 units Grant reference price: $63.26 per unit Deferred units after grant: 128,228.795 units

3 metrics

Deferred units granted 2,055 units Deferred compensation phantom stock award

Grant reference price $63.26 per unit Economic equivalent of one common share

Deferred units after grant 128,228.795 units Balance following reported transaction

Key Terms

Deferred Comp, phantom stock units, economic equivalent

3 terms

Deferred Comp financial

"security_title: "Deferred Comp""

phantom stock units financial

"The phantom stock units are settled in cash upon the earlier of death or retirement."

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

economic equivalent financial

"Each unit is the economic equivalent of one share of common stock."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did ZION director Stephen D. Quinn report in this Form 4 filing?

Stephen D. Quinn reported receiving 2,055 deferred compensation units, each tied to Zions Bancorporation common stock. These are phantom stock units granted as compensation, not shares bought or sold in the open market, and they increase his deferred balance.

How many deferred compensation units does Stephen D. Quinn hold after this ZION grant?

After the grant, Stephen D. Quinn holds a total of 128,228.795 deferred compensation units. This figure reflects his updated balance of phantom stock units that track Zions Bancorporation’s common stock value but are ultimately settled in cash.

Is Stephen D. Quinn buying or selling ZION common stock in this transaction?

No, this transaction is not a market buy or sell of ZION common stock. Quinn received a grant of 2,055 deferred compensation phantom stock units as compensation, which will be settled in cash based on the value of the underlying common stock.

At what value were the new ZION deferred compensation units granted to Stephen D. Quinn?

The 2,055 deferred compensation units were granted at a reference value of $63.26 per unit. Each unit is economically equivalent to one share of Zions Bancorporation common stock, providing cash-settled exposure to the company’s share price performance.

How and when are Stephen D. Quinn’s ZION phantom stock units settled?

The phantom stock units are settled in cash rather than actual shares. According to the disclosure, settlement occurs upon the earlier of Stephen D. Quinn’s death or retirement, using the then‑applicable value of Zions Bancorporation common stock.

What does it mean that each ZION deferred compensation unit is economically equivalent to one share?

Economic equivalence means each phantom stock unit tracks the value of one ZION common share. Quinn does not receive actual shares now; instead, he will receive cash in the future based on the share price corresponding to his accumulated units.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/04/2026 - 04:52 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

QUINN STEPHEN D

(Last) (First) (Middle)

ONE SOUTH MAIN ST, 15TH FL

(Street)

SALT LAKE CITY UTAH 84133

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ [ ZION ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Comp	$0(1)	05/01/2026		A		2,055		(2)	(2)	Common Stock	2,055	$63.26	128,228.795	D

Explanation of Responses:

1. Each unit is the economic equivalent of one share of common stock.

2. The phantom stock units are settled in cash upon the earlier of death or retirement.

Remarks:

	By Rena Miller as attorney in fact	05/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)