Form 4: Banner Corp CEO Grescovich Relinquishes Shares for Tax Obligations
SEC Form 4 Filing
Mark J. Grescovich, President and CEO of Banner Corp, relinquished 589 shares of common stock to cover tax obligations related to the vesting of restricted stock on March 26, 2024.
Summary
- On March 26, 2024, Mark J. Grescovich, the President and CEO of Banner Corp, relinquished 589 shares of common stock.
- The shares were relinquished to cover tax obligations arising from the vesting of 2,417 shares of restricted stock under the 2018 Omnibus Incentive Plan.
- The transaction was executed at a market price of $45.76 per share.
- Following the transaction, Grescovich directly owns 200,613 shares of Banner Corp.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to executive compensation and tax obligations, with no inherent positive or negative implications for the company's overall performance or outlook.
Industry Context
This is a routine Form 4 filing, reflecting an insider transaction related to tax obligations on vested restricted stock, a common occurrence in executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares relinquished for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/26/2024 | Date of transaction: Grescovich relinquished 589 shares to cover tax obligations. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.