Form 4: Banner Corp CEO Relinquishes Shares to Cover Tax Obligations
SEC Form 4 Filing
Mark J. Grescovich, President and CEO of Banner Corp, relinquished 1,094 shares of common stock to cover tax obligations on vesting restricted stock.
Summary
- On April 3, 2025, Mark J. Grescovich, the President and CEO of Banner Corp, relinquished 1,094 shares of common stock to cover tax obligations.
- This transaction was related to the vesting of 2,778 shares of restricted stock under the 2018 Omnibus Incentive Plan.
- The shares were relinquished at a market price of $60.55 per share.
- Following the transaction, Grescovich directly owns 251,359 shares of Banner Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a standard transaction related to executive compensation and tax obligations.
Industry Context
This is a routine Form 4 filing related to executive compensation and is typical for publicly traded companies. It reflects the standard practice of executives covering tax obligations related to vesting equity awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine event related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/03/2025 | Date of transaction where shares were relinquished to cover tax obligations. |
| 04/04/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Insider Trading, Mark J. Grescovich, Banner Corp, BANR, Executive Compensation, Restricted Stock, Tax Obligations
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