Zions Bancorporation (ZION) EVP trades 769 shares in option exercise

Rhea-AI Filing Summary

Zions Bancorporation executive vice president Derek Steward reported an option exercise and related stock sale. On February 2, 2026, he exercised a stock option for 769 shares of common stock at $51.17 per share and then sold 769 shares at $60.46 per share. After these transactions, he directly owned 14,307 shares of Zions Bancorporation common stock. The exercised option carried a graded vesting schedule, with exercisability varying by tranche.

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^*

Steward Derek

(Last) (First) (Middle)

ONE SOUTH MAIN, 11TH FLOOR

(Street)

SALT LAKE CITY UT 84133-1109

(City) (State) (Zip)

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/02/2026

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

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

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

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
Common Stock	02/02/2026		M		769	A	$51.17	15,076	D
Common Stock	02/02/2026		S		769	D	$60.46	14,307	D

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
Stock Option (right to buy)	$51.17	02/02/2026		M			769	(1)	02/28/2026	Common Stock	769	$51.17	0	D

Explanation of Responses:

1. Grant has a graded vesting schedule. Date exercisable will vary for each vesting tranche.

Remarks:

	By Rena Miller as attorney in fact	02/02/2026
	** 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.

FAQ

What insider transaction did Zions Bancorporation (ZION) report for Derek Steward?

Zions Bancorporation reported that executive vice president Derek Steward exercised options for 769 common shares at $51.17 and sold 769 common shares at $60.46 on February 2, 2026, according to a Form 4 insider trading report.

How many Zions Bancorporation shares does Derek Steward own after the Form 4 transaction?

After the reported transactions, Derek Steward directly owns 14,307 shares of Zions Bancorporation common stock. This figure reflects his holdings following the option exercise for 769 shares and the same-day sale of 769 shares disclosed in the Form 4.

At what prices did Derek Steward exercise and sell Zions Bancorporation shares?

Derek Steward exercised a stock option at an exercise price of $51.17 per share and sold 769 Zions Bancorporation common shares at $60.46 per share. Both the option exercise and the sale occurred on February 2, 2026, as reported.

What type of derivative security did Derek Steward exercise at Zions Bancorporation?

He exercised a stock option described as a “Stock Option (right to buy)” with an exercise price of $51.17. The option covered 769 underlying common shares and had a graded vesting schedule, meaning different tranches became exercisable at different times.

What does graded vesting mean for Derek Steward’s Zions Bancorporation stock option?

The footnote explains the grant has a graded vesting schedule, so different portions of the option become exercisable at different times. As a result, the exact date each vesting tranche is exercisable varies, rather than all shares vesting on a single date.