Zions (ZION) EVP exercises 1,974 options as 1,343 shares withheld for tax
Rhea-AI Filing Summary
Zions Bancorporation Executive Vice President Scott A. Law reported routine equity compensation activity involving company common stock. He exercised stock options to acquire 1,974 shares at $43.07 per share, converting a derivative award into direct share ownership. To cover tax obligations, 1,343 shares of common stock were disposed of through a tax-withholding transaction at $63.37 per share, which is not an open-market sale. The filing shows his direct common stock holdings after these transactions remained above 30,000 shares, indicating these moves adjust his compensation position rather than representing a directional market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 631 shares
Net Buy
3 txns
Insider
Law Scott A.
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 1,974 | $43.07 | $85K |
| Exercise | Common Stock | 1,974 | $43.07 | $85K |
| Exercise Price or Tax Liability | Common Stock | 1,343 | $63.37 | $85K |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 32,889.636 shares (Direct)
Footnotes (1)
- F1. Grant has a graded vesting schedule. Date exercisable will vary for each vesting tranche.
Key Figures
Shares acquired via option exercise: 1,974 shares
Option exercise price: $43.07/share
Shares withheld for taxes: 1,343 shares
+3 more
6 metrics
Shares acquired via option exercise
1,974 shares
Common stock acquired through option exercise at $43.07 per share
Option exercise price
$43.07/share
Exercise or conversion price for 1,974 stock option shares
Shares withheld for taxes
1,343 shares
Common stock disposed of in tax-withholding transaction at $63.37
Tax-withholding transaction price
$63.37/share
Price used for 1,343-share tax-withholding disposition
Shares following exercise transaction
34,232.636 shares
Total direct common stock holdings shown after option exercise entry
Shares following tax-withholding transaction
32,889.636 shares
Total direct common stock holdings shown after tax-withholding entry
Key Terms
tax-withholding disposition, derivative exercise/conversion, Stock Option (right to buy), graded vesting schedule
4 terms
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
graded vesting schedule financial
"Grant has a graded vesting schedule. Date exercisable will vary"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Zions (ZION) Executive Vice President Scott A. Law report in this Form 4?
Scott A. Law reported exercising stock options for 1,974 Zions shares and a related tax-withholding share disposition. These moves reflect equity compensation mechanics rather than an open-market purchase or sale of Zions Bancorporation common stock.
Do these Form 4 transactions change Scott A. Law’s overall Zions (ZION) holdings significantly?
The filing shows his direct common stock holdings remain above 30,000 shares after these transactions. This indicates the option exercise and related tax withholding adjust his compensation position without a large change in his overall ownership stake.
What do the M and F transaction codes mean in the Zions (ZION) Form 4?
Code M reflects the exercise or conversion of a derivative security, such as a stock option, into common shares. Code F indicates shares withheld or delivered to cover exercise price or tax liabilities, not an open-market buy or sell transaction.
Was this Zions (ZION) insider activity part of a graded vesting stock option grant?
Yes. A footnote explains the grant has a graded vesting schedule, meaning portions of the option vest over time. The exercise on this Form 4 relates to one or more vested tranches under that schedule.