Form 4: Banner Corp Executive Covers Tax on Restricted Stock

Banner Corp's Executive VP, Robert Butterfield, disposed of 77 shares to cover tax obligations related to restricted stock vesting.

Summary

• Robert Butterfield, Executive VP of Banner Corp (BANR), reported a transaction on January 30, 2026.
• The transaction involved the disposition of 77 shares of Common Stock, $0.01 par value per share.
• The shares were relinquished at a price of $61.82 per share.
• This disposition was made to cover tax obligations arising from the vesting of 220 shares of restricted stock.
• The restricted stock vesting was pursuant to the company's 2014 Omnibus Incentive Plan.
• Following this transaction, Mr. Butterfield beneficially owns 25,635 shares of Banner Corp Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It is a standard, non-discretionary transaction for tax purposes related to executive compensation and does not reflect a change in investment sentiment by the insider.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those involving tax-related dispositions of restricted stock, are common and generally do not indicate a change in management's outlook on the company's performance. These are often pre-scheduled events under Rule 10b5-1 plans.

Stakeholder Impact

• Shareholders: The transaction is a routine tax-related disposition and is unlikely to have a significant direct impact on shareholders. It represents a minor reduction in insider ownership due to compensation mechanics.

Key Dates

Keywords

Banner Corp, BANR, Insider Transaction, Form 4, Restricted Stock, Tax Withholding, Executive Compensation, Robert Butterfield