Zions Bancorporation, National Association Files DEF 14A Proxy Statement

TL;DR

<b>Zions Bancorporation files its annual proxy statement detailing executive compensation and equity awards for 2023.</b>

AI Summary

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ (ZIONP) filed a Proxy Statement (DEF 14A) with the SEC on March 14, 2024. Filing is a DEF 14A proxy statement for Zions Bancorporation, National Association. The filing covers the period from January 1, 2023, to December 31, 2023. Includes data related to executive compensation, specifically equity awards and pension values. Details changes in pension values for both PEO (Principal Executive Officer) and Non-PEO members. Reports on stock awards, stock option adjustments, and equity awards granted or vested during the year.

Why It Matters

For investors and stakeholders tracking ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/, this filing contains several important signals. This filing provides shareholders with crucial information regarding executive compensation practices and the structure of equity awards, enabling informed voting decisions. Understanding the details of pension and stock award adjustments is key for assessing executive incentives and the company's alignment with shareholder interests.

Risk Assessment

Risk Level: — ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ shows moderate risk based on this filing. The filing is a standard DEF 14A proxy statement, which is routine for public companies and does not contain unusual or high-risk information.

Analyst Insight

Review the executive compensation details, particularly equity awards and pension adjustments, to understand executive incentives and potential dilution.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-03-14 — Filing Date (Date of filing)

Key Players & Entities

• ZIONS BANCORPORATION, NATIONAL ASSOCIATION (company) — Filer name
• 8018447637 (dollar_amount) — Business phone number

FAQ

Industry Context

Zions Bancorporation operates as a national commercial bank, a sector characterized by regulatory oversight and sensitivity to economic conditions.

Regulatory Implications

As a national commercial bank, Zions Bancorporation is subject to regulations from various federal and state authorities, including the OCC and the Federal Reserve.

What Investors Should Do

1. Analyze the compensation committee report for details on executive pay decisions.
2. Examine the equity compensation plans to understand potential shareholder dilution.
3. Review the voting recommendations for each proposal presented to shareholders.

Key Dates

• 2024-03-14: Filing Date — Definitive Proxy Statement filed

Year-Over-Year Comparison

This is the initial filing of the DEF 14A for the 2023 fiscal year, following previous filings for earlier periods.

Key Financial Figures

• $3.5 billion — and technology. In Utah, as a CEO of a $3.5 billion health system, she focused on streamlin

Filing Documents

• zions-20240313.htm (DEF 14A) — 1161KB
• zions-20240313_g1.jpg (GRAPHIC) — 24KB
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• zions-20240313_g13.jpg (GRAPHIC) — 59KB
• zions-20240313_g14.jpg (GRAPHIC) — 59KB
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• zions-20240313_g16.jpg (GRAPHIC) — 948KB
• zions-20240313_g17.jpg (GRAPHIC) — 759KB
• zions-20240313_g2.jpg (GRAPHIC) — 174KB
• zions-20240313_g3.jpg (GRAPHIC) — 6KB
• zions-20240313_g4.jpg (GRAPHIC) — 53KB
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• zions-20240313_g7.jpg (GRAPHIC) — 28KB
• zions-20240313_g8.jpg (GRAPHIC) — 34KB
• zions-20240313_g9.jpg (GRAPHIC) — 25KB
• 0000109380-24-000079.txt (&nbsp;) — 7813KB
• zions-20240313.xsd (EX-101.SCH) — 5KB
• zions-20240313_def.xml (EX-101.DEF) — 6KB
• zions-20240313_lab.xml (EX-101.LAB) — 10KB
• zions-20240313_pre.xml (EX-101.PRE) — 6KB
• zions-20240313_htm.xml (XML) — 83KB

FORWARD-LOOKING STATEMENTS 73

FORWARD-LOOKING STATEMENTS 73 Appendix I: Amendment to Zions Bancorporation 2022 Omnibus Incentive Plan 74 vi One South Main Street, 11th Floor Salt Lake City, Utah 84133-1109 Notice of the 2024 Annual Meeting of Shareholders To the shareholders of Zions Bancorporation, N.A.: The 2024 Annual Meeting of Shareholders of Zions Bancorporation, N.A. will be held: Date: April 26, 2024 Time: 1 p.m., Mountain Daylight Time Place : We will host the annual meeting live via webcast. Any shareholder can participate in the annual meeting live online at www.virtualshareholdermeeting.com/ZION2024. If you were a shareholder or joint holder as of the Record Date, or you hold a valid proxy for the annual meeting, you can vote at the annual meeting. A summary of the information you need to participate in the annual meeting online is provided below: Instructions on how to participate via the internet, including how to demonstrate proof of stock ownership, are posted at www.virtualshareholdermeeting.com/ZION2024. You will need your 16-digit control number to enter the annual meeting. Shareholders may vote and submit questions while participating in the annual meeting via the internet. Purpose of the Annual Meeting: 1. To elect 11 directors for a one-year term (Proposal 1); 2. To ratify the appointment of our independent registered public accounting firm for our fiscal year ending Dec. 31, 2024 (Proposal 2); 3. To approve, on a nonbinding advisory basis, the compensation paid to our named executive officers with respect to the fiscal year ended Dec. 31, 2023 (Proposal 3); 4. To approve an amendment to the Bank's 2022 Omnibus Incentive Plan; and 5. To consider a shareholder proposal regarding "Report on Risks of Politicized De-banking." Record Date: Only shareholders of record on Feb. 22, 2024, are entitled to notice of, and to vote at, the annual meeting. By order of the Board of Directors Thomas E. Laursen Corporate Secretary Salt Lake City, Utah March 1

View Full Filing

View this DEF 14A filing on SEC EDGAR