Zions (ZION) CEO Harris Simmons receives new deferred stock-equivalent award
Rhea-AI Filing Summary
Zions Bancorporation Chairman and CEO Harris H. Simmons reported a compensation-related grant of deferred compensation units. He acquired 1,278.3688 units of deferred comp, each economically equivalent to one share of common stock, bringing his total deferred comp balance to 26,622.097 units.
These units are scheduled to be paid out in cash or stock at a future date or age elected at the time of deferral, or upon termination of employment. This is a routine award rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SIMMONS HARRIS H
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Comp | 1,278.3688 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Comp — 26,622.097 shares (Direct)
Footnotes (2)
- F1. Each unit is the economic equivalent of one share of common stock.
- F2. Shares are paid out in cash or stock upon date or age elected at time of deferral, or upon termination of employment.
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FAQ
What insider transaction did ZIONS (ZION) report for Harris H. Simmons?
Zions Bancorporation reported that Chairman and CEO Harris H. Simmons received 1,278.3688 deferred compensation units. These units are economically equivalent to common shares and were granted as compensation, increasing his total deferred comp holdings to 26,622.097 units.
Is the Harris H. Simmons Form 4 transaction in ZIONS (ZION) a stock sale or purchase?
The Form 4 does not show an open-market stock sale or purchase. Instead, Harris H. Simmons acquired 1,278.3688 deferred compensation units as a grant, a routine compensation award rather than a discretionary trade in Zions Bancorporation common stock.
How many ZIONS (ZION) deferred comp units does Harris H. Simmons hold after this filing?
After this transaction, Harris H. Simmons holds 26,622.097 deferred compensation units. Each unit is economically equivalent to one share of Zions Bancorporation common stock, providing equity-linked exposure through the company’s deferred compensation program.
What are the payout terms for the ZIONS (ZION) deferred compensation units granted to Harris H. Simmons?
The deferred compensation units will be paid out in cash or stock at a date or age elected when the deferral was made, or when employment terminates. This structure links executive compensation to Zions Bancorporation’s long-term performance and tenure.
Does the Harris H. Simmons Form 4 indicate a new derivative position in ZIONS (ZION)?
Yes, the filing records a derivative-type position labeled as deferred compensation. Simmons received 1,278.3688 units tied to Zions Bancorporation common stock. These units function as equity-linked compensation and increase his overall deferred comp holdings to 26,622.097 units.