Zions Bancorporation (ZION) director receives cash-settled deferred comp grant

(Neutral)

Form Type

Rhea-AI Filing Summary

Zions Bancorporation director Aaron Skonnard reported a compensation-related grant of deferred compensation units linked to the company’s common stock. He acquired 432.1980 Deferred Comp units at a reference price of $69.19 per unit, bringing his reported Deferred Comp balance to 40,169.2260 units. According to the disclosure, these phantom stock units are settled in cash upon the earlier of death or retirement, rather than delivering actual shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Skonnard Aaron

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Comp	432.198	$69.19	$30K

Holdings After Transaction: Deferred Comp — 40,169.226 shares (Direct)

Footnotes (1)

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

Key Figures

Deferred Comp units granted: 432.1980 units Reference price per unit: $69.19 per unit Deferred Comp units after grant: 40,169.2260 units +1 more

4 metrics

Deferred Comp units granted 432.1980 units Grant of Deferred Comp on June 30, 2026

Reference price per unit $69.19 per unit Pricing for Deferred Comp grant

Deferred Comp units after grant 40,169.2260 units Holdings following this transaction

Settlement condition Cash at death or retirement Phantom units settlement terms

Key Terms

Deferred Comp, phantom stock units, Form 4, 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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

grant, award, or other acquisition financial

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

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 04:32 PM Accepted by SEC EDGAR 07/01/2026 - 04:32 PM

FAQ

What did Aaron Skonnard acquire in this ZION Form 4 filing?

Aaron Skonnard received a grant of 432.1980 Deferred Comp units. These are phantom stock units tied to Zions Bancorporation’s common stock value and represent a compensation award rather than an open-market stock purchase.

Is the Skonnard transaction in Zions Bancorporation (ZION) a stock buy or sell?

The transaction is an acquisition of Deferred Comp (phantom stock) units, not a stock market buy or sell. It reflects a grant or award of compensation units settled in cash, rather than trading common shares.

How many deferred compensation units does Skonnard hold after this ZION grant?

After this grant, Aaron Skonnard holds a total of 40,169.2260 Deferred Comp units. These units track the value of Zions Bancorporation common stock but are designed to be paid in cash at a future settlement event.

At what reference price were the new ZION Deferred Comp units granted to Skonnard?

The 432.1980 newly granted Deferred Comp units were valued at a reference price of $69.19 per unit. This price is used to determine the size of the phantom stock award linked to Zions Bancorporation’s common stock.

How and when are Skonnard’s ZION phantom stock units settled?

The phantom stock units are settled in cash upon the earlier of Aaron Skonnard’s death or retirement. They do not convert into actual Zions Bancorporation shares and therefore do not carry voting rights like common stock.

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^*

Skonnard Aaron

(Last)

(First)

(Middle)

ONE SOUTH MAIN STREET, 11TH FLOOR

(Street)

SALT LAKE CITY

UTAH

84133-1109

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Deferred Comp	$0	06/30/2026		A		432.198		⁽¹⁾	⁽¹⁾	Common Stock	432.198	$69.19	40,169.226	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)

Source: View Original Filing on SEC EDGAR