Director at Zions (NASDAQ: ZION) gets 549 cash-settled deferred units

(Neutral)

Form Type

Rhea-AI Filing Summary

Huang Claire A reported acquisition or exercise transactions in this Form 4 filing.

Zions Bancorporation director Claire A. Huang received a grant of deferred compensation units. She was awarded 549.123 phantom stock units referenced to Zions common stock at $55.54 per unit, increasing her deferred comp balance to 32,647.432 units. These phantom stock units are settled in cash upon the earlier of death or retirement.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Huang Claire A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Comp	549.123	$55.54	$30K

Holdings After Transaction: Deferred Comp — 32,647.432 shares (Direct)

Footnotes (1)

F1. The phantom stock units are settled in cash upon the earlier of death or retirement

Key Figures

Deferred comp units granted: 549.123 units Reference price per unit: $55.54 per unit Deferred comp units after grant: 32,647.432 units

3 metrics

Deferred comp units granted 549.123 units Grant of phantom stock units on 2026-03-30

Reference price per unit $55.54 per unit Price used for deferred comp phantom stock units

Deferred comp units after grant 32,647.432 units Total deferred compensation units following transaction

Key Terms

Deferred Comp, phantom stock units, Common Stock

3 terms

Deferred Comp financial

"security_title: "Deferred Comp" for the reported derivative award"

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.

Common Stock financial

"underlying_security_title: "Common Stock" for the deferred comp units"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 04/01/2026 - 07:52 PM

FAQ

What insider transaction did ZION director Claire A. Huang report?

Claire A. Huang reported receiving 549.123 deferred compensation phantom stock units. These units reference Zions Bancorporation common stock and were credited at $55.54 per unit, increasing her total deferred comp holdings to 32,647.432 units after the transaction.

How many deferred compensation units did Claire A. Huang receive at ZION?

She received 549.123 phantom stock units as a deferred compensation award. The units are tied to Zions Bancorporation common stock at a reference price of $55.54 per unit, bringing her total deferred comp position to 32,647.432 units afterward.

How are Claire A. Huang’s ZION phantom stock units settled?

The phantom stock units are settled in cash rather than shares. According to the disclosure, settlement occurs upon the earlier of Huang’s death or retirement, meaning she receives a cash amount based on the units’ value at that future time.

What is the total deferred compensation balance for Claire A. Huang at ZION after this filing?

After the 549.123-unit grant, Claire A. Huang holds 32,647.432 deferred compensation phantom stock units. These units reference Zions Bancorporation common stock and will be settled in cash upon the earlier of her death or retirement, according to the filing.

Does the ZION Form 4 show a stock purchase or sale by Claire A. Huang?

The Form 4 reports a grant of deferred compensation phantom stock units, not an open-market stock purchase or sale. The transaction is classified as an acquisition through a grant or award, with the units to be settled in cash in the future.

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^*

Huang Claire A

(Last)

(First)

(Middle)

ONE SOUTH MAIN STREET, 11TH FLOOR

(Street)

SALT LAKE CITY

UTAH

84133-1109

(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)
03/30/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Deferred Comp	$0	03/30/2026		A		549.123		⁽¹⁾	⁽¹⁾	Common Stock	549.123	$55.54	32,647.432	D

Explanation of Responses:

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

Remarks:

	By Rena Miller as attorney in fact	04/01/2026
	** 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)

Source: View Original Filing on SEC EDGAR