Form 4: Banner Corp Executive VP Cynthia Purcell Reports Stock Transaction
SEC Form 4 Filing
Cynthia Purcell, Executive VP of Banner Bank, reports relinquishing 411 shares of Banner Corp stock to cover tax obligations.
Summary
- On April 3, 2024, Cynthia D. Purcell, Executive VP of Banner Bank, relinquished 411 shares of Banner Corp common stock to cover tax obligations.
- The transaction was executed at a market price of $46.58 per share.
- Following the transaction, Purcell directly owns 43,812 shares, including shares held through a Deferred Compensation Plan and a 401(k) Plan.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to an executive's stock transaction, and it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. This transaction is related to tax obligations arising from stock vesting.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares relinquished for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of stock transaction: 411 shares relinquished to cover tax obligations. |
| 04/04/2024 | Date of signature on the Form 4 filing. |
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