President Scott McLean Sold A Bunch Of Shares In Zions Bancorporation National Association

Some Zions Bancorporation, National Association (NASDAQ:ZION) shareholders may be a little concerned to see that the President, Scott McLean, recently sold a substantial US$6.2m worth of stock at a price of US$51.84 per share. That's a big disposal, and it decreased their holding size by 49%, which is notable but not too bad.

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Zions Bancorporation National Association Insider Transactions Over The Last Year

Notably, that recent sale by Scott McLean is the biggest insider sale of Zions Bancorporation National Association shares that we've seen in the last year. That means that an insider was selling shares at around the current price of US$51.67. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Over the last year we saw more insider selling of Zions Bancorporation National Association shares, than buying. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Zions Bancorporation National Association insiders own 2.2% of the company, worth about US$167m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Zions Bancorporation National Association Insiders?

Insiders haven't bought Zions Bancorporation National Association stock in the last three months, but there was some selling. Zooming out, the longer term picture doesn't give us much comfort. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Zions Bancorporation National Association. Every company has risks, and we've spotted 1 warning sign for Zions Bancorporation National Association you should know about.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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