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 961 shares of common stock to cover tax obligations arising from the vesting of restricted stock.
Summary
- On March 31, 2025, Mark J. Grescovich, the President and CEO of Banner Corp, relinquished 961 shares of common stock to cover tax obligations.
- This transaction occurred due to the vesting of 2,441 shares of restricted stock under the 2018 Omnibus Incentive Plan.
- The shares were relinquished at a market price of $63.61 per share.
- Following the transaction, Grescovich directly owns 226,894 shares of Banner Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices; it doesn't indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax obligation fulfillment related to stock vesting.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related activity.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of transaction: Grescovich relinquished shares to cover tax obligations. |
| 04/01/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Insider Trading, Grescovich, Banner Corp, BANR, Tax Obligations, Restricted Stock
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.