Form 4: Banner Corp Executive VP Cynthia Purcell Reports Stock Transaction
SEC Form 4 Filing
Cynthia Purcell, Executive VP of Banner Bank, reports relinquishing shares to cover tax obligations on vesting of restricted stock.
Summary
- On March 31, 2025, Cynthia D. Purcell, Executive VP of Banner Bank, relinquished 372 shares of Banner Corp common stock to cover tax obligations.
- The transaction occurred at a market price of $63.61 per share.
- Following the transaction, Purcell directly owns 41,590 shares, including shares held through a Deferred Compensation Plan and a 401(k) Plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports a routine stock transaction for tax purposes.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their stock transactions. This filing indicates that an executive is managing their tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of stock transaction (relinquishing shares). |
| 04/01/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Insider Trading, Stock Transaction, Beneficial Ownership, BANNER CORP, BANR, Cynthia Purcell
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