Zions (NASDAQ: ZION) controller exercises stock options, holds 36,899 shares
Rhea-AI Filing Summary
ZIONS BANCORPORATION Controller Robert Ryan Richards exercised stock options to acquire 2,004 shares of Common Stock at $52.90 per share. The transaction reflects a derivative exercise, not an open-market purchase or sale. Following the exercise, he directly holds 36,899 Common Stock shares. The exercised award was a stock option with a graded vesting schedule, where the date each portion became exercisable varied by vesting tranche, and this particular option position is now fully exercised with no remaining derivative balance reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,004 shares
Net Buy
2 txns
Insider
Richards Robert Ryan
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 2,004 | $52.90 | $106K |
| Exercise | Common Stock | 2,004 | $52.90 | $106K |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 36,899 shares (Direct)
Footnotes (1)
- F1. Grant has a graded vesting schedule. Date exercisable will vary for each vesting tranche.
Key Figures
Options Exercised: 2,004 shares
Exercise Price: $52.90/share
Shares Held After: 36,899 shares
+1 more
4 metrics
Options Exercised
2,004 shares
Stock option exercise of Common Stock
Exercise Price
$52.90/share
Stock Option (right to buy) conversion price
Shares Held After
36,899 shares
Direct Common Stock ownership after transaction
Option Expiration
February 12, 2030
Stock option expiration date
Key Terms
Stock Option (right to buy), Common Stock, graded vesting schedule, Exercise or conversion of derivative security
4 terms
Stock Option (right to buy) financial
"security_title": "Stock Option (right to buy)""
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
graded vesting schedule financial
"Grant has a graded vesting schedule. Date exercisable will vary"
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did ZION Controller Robert Ryan Richards report in this Form 4 filing?
Robert Ryan Richards reported exercising stock options to acquire 2,004 ZION Common Stock shares at $52.90 each. This was a derivative exercise, meaning he converted previously granted options into shares rather than buying or selling stock on the open market.
What are the key terms of the stock option exercised by the ZION Controller?
The stock option covered 2,004 underlying ZION Common Stock shares with a $52.90 exercise price and an expiration date of February 12, 2030. It had a graded vesting schedule, meaning different portions became exercisable at different times before this reported exercise.
Does the Form 4 indicate any remaining ZION stock options after this exercise?
The Form 4 shows zero derivative shares remaining for the specific stock option that was exercised. The derivative transaction record lists 2,004 option shares exercised and a total derivative balance following the transaction of 0.0000, indicating this grant has been fully used.