Zions Bancorporation (ZION) director receives cash-settled deferred stock units grant
Rhea-AI Filing Summary
Zions Bancorporation director Stephen D. Quinn received a new deferred compensation award tied to company stock. On the reported date, he acquired 873.196 units of Deferred Comp, each linked to one share of common stock at a reference value of $55.54 per unit.
These are phantom stock units that are settled in cash, not actual shares, and will be paid upon the earlier of his death or retirement. Following this grant, Quinn’s total Deferred Comp balance tied to common stock increased to 126,173.796 units, reflecting a routine, compensation-related award rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
QUINN STEPHEN D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Comp | 873.196 | $55.54 | $48K |
Holdings After Transaction:
Deferred Comp — 126,173.796 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: 873.196 units
Reference value per unit: $55.54 per unit
Total Deferred Comp after grant: 126,173.796 units
+1 more
4 metrics
Deferred Comp units granted
873.196 units
Grant of Deferred Comp tied to common stock
Reference value per unit
$55.54 per unit
Price field for Deferred Comp grant
Total Deferred Comp after grant
126,173.796 units
Deferred Comp units following transaction
Underlying common stock units
873.196 shares equivalent
Underlying security shares for this grant
Key Terms
Deferred Comp, phantom stock units, Form 4, Grant, award, or other acquisition
4 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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Zions Bancorporation (ZION) report for Stephen D. Quinn?
Stephen D. Quinn received an award of 873.196 Deferred Comp units tied to Zions Bancorporation common stock, at a reference value of $55.54 per unit, as part of his compensation rather than through an open-market trade.
When will Stephen D. Quinn’s Zions Bancorporation phantom stock units be paid out?
The footnote explains that Quinn’s phantom stock units are settled in cash upon the earlier of his death or retirement, meaning there is no immediate cash or share payout at the grant date.
How many Deferred Comp units tied to ZION stock does Stephen D. Quinn hold after this grant?
After receiving 873.196 additional Deferred Comp units, Quinn’s total Deferred Comp balance linked to Zions Bancorporation common stock increased to 126,173.796 units, reflecting his accumulated compensation position.