Form 4: Banner Corp CEO Reports Stock Transactions Following Vesting of Performance Shares
SEC Form 4 Filing
Mark J. Grescovich, President and CEO of Banner Corp, reports acquisition and disposal of common stock related to the vesting of performance shares and tax obligations.
Summary
- On March 1, 2024, Mark J. Grescovich, President and CEO of Banner Corp, acquired 13,812 shares of common stock at a price of $44.10 per share due to the vesting of performance shares.
- On the same day, Grescovich disposed of 3,362 shares to cover tax obligations related to the vesting of the restricted stock at a price of $44.10 per share.
- Following these transactions, Grescovich directly owns 201,202 shares of Banner Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in Grescovich's holdings, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/26/2021 | Original report of 16,314 performance shares award at maximum performance criteria. |
| 03/01/2024 | Acquisition of 13,812 common stock shares due to vesting of performance shares at $44.10. |
| 03/01/2024 | Disposal of 3,362 common stock shares to cover tax obligations at $44.10. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
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