Form 4: Banner Corp Executive Sells Shares Under 10b5-1 Plan

Banner Corp Executive Vice President James P.G. McLean sold 3,500 shares of common stock for $64.12 per share under a pre-arranged trading plan.

Summary

• Executive Vice President James P.G. McLean of Banner Bank (a subsidiary of Banner Corp) disposed of 3,500 shares of Banner Corp common stock.
• The transaction occurred on November 26, 2025, at a price of $64.12 per share.
• The total value of the shares sold was $224,420 (3,500 shares multiplied by $64.12 per share).
• Following this transaction, Mr. McLean directly owns 21,390 shares of Banner Corp common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-scheduled sale.

Sentiment

Score: 5

Explanation: A neutral score. While insider selling can be seen negatively, the transaction was executed under a pre-arranged 10b5-1 plan, which mitigates the implication of a discretionary sale based on new, negative information. It's a routine part of executive compensation and financial planning.

Negatives

• An executive, James P.G. McLean, sold 3,500 shares of company stock.
• While executed under a 10b5-1 plan, insider selling can sometimes be perceived negatively by the market as it reduces management's direct stake in the company.

Future Outlook

N/A

Industry Context

This is an individual insider transaction and does not directly reflect broader industry trends. However, insider selling in the banking sector is routinely monitored by investors for sentiment signals.

Stakeholder Impact

• Shareholders: May interpret the sale as a slight negative signal, though mitigated by the 10b5-1 plan.
• Employees: No direct impact.
• Customers: No direct impact.

Key Dates

Recommendation

The sale by Executive VP James P.G. McLean was conducted under a Rule 10b5-1 plan, indicating it was a pre-scheduled transaction rather than a discretionary sale based on new material information. While insider selling can sometimes be a bearish signal, the pre-arranged nature suggests it's part of routine personal financial planning or diversification. Without additional context or other significant news, this single transaction does not warrant a change from a 'hold' recommendation.

Keywords

Banner Corp, BANR, Insider Sale, Form 4, Executive Stock Sale, James P.G. McLean, 10b5-1 Plan, Common Stock