Director Stephen D. Quinn granted 698.72 phantom stock units at Zions (NASDAQ: ZION)

Rhea-AI Filing Summary

QUINN STEPHEN D reported acquisition or exercise transactions in this Form 4 filing.

ZIONS BANCORPORATION director Stephen D. Quinn received a compensation grant of 698.72 phantom stock units under a Deferred Comp arrangement. The award is tied to the value of Zions common stock at a reference price of $69.19 per unit and will be settled in cash upon the earlier of his death or retirement, rather than in actual shares.

Following this grant, Quinn has 129,860.767 phantom stock units reported in this plan. The transaction is classified as a derivative grant or award, not an open-market purchase or sale of Zions common stock.

Insights

Equity compensation analyst

Routine cash-settled phantom stock grant with no open-market trading.

Director Stephen D. Quinn received 698.72 phantom stock units valued at a reference price of $69.19 each. These units mirror the value of ZIONS BANCORPORATION common stock but are classified as deferred compensation rather than actual share ownership.

The footnote states the phantom stock units are settled in cash upon the earlier of death or retirement. Because the grant involves no market purchase or sale and simply increases deferred compensation balances to 129,860.767 units, it represents routine board-level compensation with neutral investment significance.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider QUINN STEPHEN D

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Comp	698.72	$69.19	$48K

Holdings After Transaction: Deferred Comp — 129,860.767 shares (Direct)

Footnotes (1)

1. F1. The phantom stock units are settled in cash upon the earlier of death or retirement.

Key Figures

Phantom stock grant: 698.72 units Reference price per unit: $69.19 per unit Total units after grant: 129,860.767 units +2 more

5 metrics

Phantom stock grant 698.72 units Deferred Comp grant on June 30, 2026

Reference price per unit $69.19 per unit Value for phantom stock grant

Total units after grant 129,860.767 units Phantom stock units following transaction

Underlying security Common Stock Phantom units track Zions common stock

Transaction code A (Grant, award, or other acquisition) Form 4 derivative transaction classification

Key Terms

Deferred Comp, phantom stock units, Common Stock, Grant, award, or other acquisition

4 terms

Deferred Comp financial

"security_title: "Deferred Comp""

phantom stock units financial

"The phantom stock units are settled in cash upon the earlier of death or retirement."

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

Common Stock financial

"underlying_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.

Grant, award, or other acquisition regulatory

"transaction_code_description: "Grant, award, or other acquisition""

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/01/2026 - 04:32 PM Accepted by SEC EDGAR 07/01/2026 - 04:31 PM Learn about SEC filing dates

FAQ

What did ZION director Stephen D. Quinn report in this Form 4?

Stephen D. Quinn reported a grant of 698.72 phantom stock units under a Deferred Comp plan. The units are tied to Zions common stock at a reference price of $69.19 and increase his reported deferred compensation balance.

Is Stephen D. Quinn buying or selling ZION common stock in this filing?

No, the filing shows a grant of phantom stock units, not a market trade in ZION shares. The transaction is coded as a derivative grant or award and transaction_is_buy and transaction_is_sell are both false.

How many phantom stock units does Stephen D. Quinn hold after this transaction?

After the grant of 698.72 phantom stock units, Quinn’s total reported balance under the Deferred Comp arrangement is 129,860.767 units. This figure reflects his holding following the reported transaction date of June 30, 2026.

How and when are ZION phantom stock units for Stephen D. Quinn settled?

The footnote states that Quinn’s phantom stock units are settled in cash upon the earlier of death or retirement. This means he receives a cash payment based on the units’ value instead of receiving actual ZION common shares.

What is the economic value reference for the 698.72 phantom stock units reported by ZION?

Each of the 698.72 phantom stock units in this grant is tied to a reference price of $69.19. The units track the value of Zions common stock, providing equity-linked compensation without immediate share issuance or open-market transactions.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

QUINN STEPHEN D

(Last) (First) (Middle)

ONE SOUTH MAIN ST, 15TH FL

(Street)

SALT LAKE CITY UTAH 84133

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

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
Deferred Comp	$0	06/30/2026		A		698.72		(1)	(1)	Common Stock	698.72	$69.19	129,860.767	D

Explanation of Responses:

1. The phantom stock units are settled in cash upon the earlier of death or retirement.

Remarks:

	By Rena Miller as attorney in fact	07/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)