Zions Bancorporation (ZION) EVP exercises 1,519 options, sells shares
Rhea-AI Filing Summary
Eric Ellingsen, Executive VP and Division CEO of Zions Bancorporation, reported an option exercise and matching share sale. On February 2, 2026, he exercised stock options for 1,519 shares of common stock at $51.17 per share and acquired those shares.
On the same date, he sold 1,519 common shares at $61.265 per share, leaving him with 40,361 shares of common stock held directly after the transactions. The exercised stock option, with a graded vesting schedule, covered 1,519 underlying shares and now shows zero remaining derivative securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 1,519 shares ($15K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Ellingsen Eric
Role
Executive VP &
Sold
1,519 shs ($93K)
Approx. gross sale proceeds
$93K
Approx. exercise cost
$78K
Approx. pre-tax spread
$15K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 1,519 | $51.17 | $78K |
| Exercise | Common Stock | 1,519 | $51.17 | $78K |
| Sale | Common Stock | 1,519 | $61.265 | $93K |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 40,361 shares (Direct)
Footnotes (1)
- F1. Grant has a graded vesting schedule. Date exercisable will vary for each vesting tranche.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Eric Ellingsen report for ZION?
Eric Ellingsen reported exercising stock options for 1,519 Zions Bancorporation common shares and selling 1,519 shares. The Form 4 shows both the option exercise and the sale occurring on February 2, 2026, with resulting direct ownership of 40,361 shares.
What prices were reported in Eric Ellingsen’s ZION stock transactions?
The Form 4 reports an option exercise price of $51.17 per share for 1,519 Zions Bancorporation shares and a sale price of $61.265 per share for 1,519 shares. Both transactions took place on February 2, 2026, and are held directly.
What type of derivative security did Eric Ellingsen exercise at Zions Bancorporation?
He exercised a stock option (right to buy) covering 1,519 shares of Zions Bancorporation common stock at an exercise price of $51.17 per share. The option had a graded vesting schedule and showed zero derivative securities remaining after the exercise.
When did the insider transactions for Zions Bancorporation take place?
All reported transactions occurred on February 2, 2026. On that date, Eric Ellingsen exercised stock options for 1,519 shares at $51.17 and sold 1,519 common shares at $61.265, resulting in 40,361 directly owned shares afterward.
What is meant by a graded vesting schedule in Ellingsen’s ZION stock option?
A graded vesting schedule means portions of the stock option become exercisable at different times rather than all at once. The footnote explains that the date exercisable varies for each vesting tranche of the 1,519-share stock option Ellingsen exercised.