Zions Bancorporation (ZION) CEO exercises options and disposes common stock

Rhea-AI Filing Summary

Harris H. Simmons, Chairman & CEO of Zions Bancorporation, reported multiple transactions in the company’s common stock linked to stock option activity on February 4, 2026. He exercised stock options with exercise prices of $51.17 per share, resulting in common stock acquisitions of 1,954 and 28,550 shares.

On the same date, he disposed of 1,565 and 24,535 common shares at prices of $63.93 and $63.95 per share, respectively. After these transactions, he directly owned 1,281,433 shares of common stock. One entry reflects a correction to holdings after year-end reconciliation, and another notes that the related option grant vests in graded tranches.

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

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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^*

SIMMONS HARRIS H

(Last) (First) (Middle)

ONE SOUTH MAIN STREET, 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/04/2026

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	02/04/2026		M		1,954	A	$51.17	1,278,983	D
Common Stock	02/04/2026		F		1,565	D	$63.93	1,277,418	D
Common Stock	02/04/2026		M		28,550	A	$51.17	1,305,968	D
Common Stock	02/04/2026		F		24,535	D	$63.95	1,281,433(1)	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	02/04/2026		M			1,954	(2)	02/28/2026	Common Stock	1,954	$51.17	28,550	D
Stock Option (right to buy)	$51.17	02/04/2026		M			28,550	(2)	02/28/2026	Common Stock	28,550	$51.17	0	D

Explanation of Responses:

1. Correction to holdings due to year end reconciliation.

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

Remarks:

	By Rena Miller as attorney in fact	02/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Zions (ZION) CEO Harris H. Simmons report?

Harris H. Simmons reported exercising stock options and related movements in Zions common stock on February 4, 2026. He acquired shares by exercising options at $51.17 and disposed of shares at prices around $63.94, reflecting routine option-related activity and holdings adjustments.

How many Zions (ZION) common shares does the CEO own after these Form 4 trades?

After the reported transactions, Harris H. Simmons directly owned 1,281,433 Zions common shares. This figure reflects option exercises, related share disposals, and a correction to prior holdings following a year-end reconciliation, as disclosed in the filing’s explanation of responses section.

What stock option activity did Harris H. Simmons report for Zions (ZION)?

He reported activity in stock options with a $51.17 exercise price, labeled as Stock Option (right to buy). On February 4, 2026, these options were exercised, converting into equivalent amounts of Zions common stock, with remaining derivative holdings shown as either 28,550 options or zero after use.

At what prices were Zions (ZION) shares acquired and disposed by the CEO?

Common shares from option exercises were acquired at an exercise price of $51.17 per share. Disposed common shares were reported at transaction prices of $63.93 and $63.95 per share, indicating higher market prices relative to the option exercise price on the same February 4, 2026 transaction date.

What do the corrections and vesting notes mean in this Zions (ZION) insider filing?

One footnote states that a correction to holdings followed a year-end reconciliation, updating previously reported share balances. Another explains that the option grant has a graded vesting schedule, meaning different portions vest on different dates, so the exercisable date varies by vesting tranche.

Is the Zions (ZION) CEO’s reported insider activity direct or through another entity?

All reported positions are listed as directly owned by Harris H. Simmons. The filing’s ownership column shows “D” for direct ownership, and no footnotes indicate that the shares or options are held by separate entities such as trusts, partnerships, or family investment vehicles.