Due to missing components, the circuit can't be simulated. If you post a simulation circuit, you should add all files that are not contained in a recent LTspice distribution.
I might be either a model fault (Z-diode missing or inappropriately modeled) or a LTSpice problem.
5 mA is a maximum rating for continuous current. The Z-diode should still have a clamping effect at higher currents.
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I reviewed your circuit a second time. Looks like LM5021 misses a ground pin.
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Second comment. I see that the LM5021 model uses global ground node 0. Should work, bad practice though.
But there's no Z-diode model in the subcircuit. You may want to add it externally.