Zions (NASDAQ: ZION) president & COO reports tax-withheld share transfers
Rhea-AI Filing Summary
Zions Bancorporation, National Association reported an insider equity transaction by its President & COO, Scott J. McLean. On February 10, 2026, he disposed of 780 shares of common stock at $64.08 per share, and on February 11, 2026 he disposed of 1,033 shares at $62.91 per share. Both transactions are coded “F,” meaning shares were withheld to cover tax obligations or exercise costs rather than sold in the open market. After these tax-withholding dispositions, he directly owned 82,627 shares of Zions common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,813 shares
Net Sell
2 txns
Insider
MCLEAN SCOTT J
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,033 | $62.91 | $65K |
| Exercise Price or Tax Liability | Common Stock | 780 | $64.08 | $50K |
Holdings After Transaction:
Common Stock — 82,627 shares (Direct)
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did ZION President & COO Scott McLean report?
Scott McLean reported two tax-related share dispositions. On February 10, 2026, 780 Zions common shares were disposed at $64.08. On February 11, 2026, 1,033 shares were disposed at $62.91, both coded as tax-withholding transactions.
Were Scott McLean’s ZION transactions open-market sales?
No, the transactions were not open-market sales. Both are coded “F,” indicating shares were withheld to pay taxes or exercise costs, a common administrative step when equity awards settle, rather than discretionary buying or selling in the market.
What does transaction code “F” mean in the ZION Form 4 filing?
Code “F” indicates tax-withholding or exercise-cost payment using shares. Instead of paying cash, the insider delivers company shares to cover taxes or option costs, which changes reported ownership but is generally considered an administrative transaction.
What is Scott McLean’s role at Zions Bancorporation (ZION)?
Scott J. McLean serves as President and COO. The Form 4 identifies him as an officer of Zions Bancorporation, National Association, holding the title of President and Chief Operating Officer, and reporting changes in his directly owned common stock holdings.