Form 4: Banner Corp Executive Reports Stock Transaction

Karen Harrison, Executive VP of Banner Bank, reported a transaction involving common stock on April 2, 2026.

Summary

• Karen Harrison, Executive VP of Banner Bank, reported a transaction on April 2, 2026.
• The transaction involved the relinquishment of 159 shares of common stock.
• These shares were used to cover tax obligations related to the vesting of 493 shares of restricted stock under the 2018 Omnibus Incentive Plan.
• The market price of the stock on the transaction date was $60.86 per share.
• Following this transaction, Ms. Harrison beneficially owns 13,638 shares of Banner Corp common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports a standard insider transaction for tax purposes rather than a strategic investment or divestment.

Positives

• Vesting of restricted stock indicates employee incentive programs are functioning.
• The transaction was executed to cover tax obligations, a standard and necessary financial event.
• Ms. Harrison continues to hold a significant number of shares (13,638) directly, suggesting continued investment in the company.

Negatives

• The relinquishment of shares to cover taxes represents a reduction in the number of shares directly held by the executive, albeit for a necessary purpose.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which details a past transaction.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, reflecting typical executive compensation and tax management practices within the financial services industry.

Stakeholder Impact

• Shareholders: No immediate impact, as this is a standard tax-related share adjustment by an executive.
• Employees: Indirectly, the vesting of restricted stock highlights the company's incentive programs.
• Management: Demonstrates adherence to reporting requirements and standard financial planning for compensation.

Key Dates

Keywords

Form 4, SEC Filing, Insider Transaction, Stock Vesting, Tax Obligations, Banner Corp, BANR, Executive Compensation