Form 4: Banner Corp Executive VP Cynthia Purcell Reports Stock Transactions
SEC Form 4 Filing
Cynthia Purcell, Executive VP of Banner Bank, reports acquisition and disposal of Banner Corp stock on March 6, 2025, according to a Form 4 filing.
Summary
- On March 6, 2025, Cynthia Purcell, Executive VP of Banner Bank, reported transactions involving Banner Corp (BANR) stock.
- Purcell acquired 4,081 shares of common stock at a price of $63.89 per share.
- She also disposed of 1,679 shares to cover tax obligations related to the vesting of restricted stock.
- Following these transactions, Purcell beneficially owns 41,962 shares of Banner Corp common stock directly, and 4 shares through Deferred Compensation Plan, and 1,099 shares through 401(k) Plan.
Sentiment
Score: 5
Explanation: This is a routine filing of stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- Shareholders can use this information to understand the actions of company insiders.
- Employees holding company stock or options may be interested in the trading activity of executives.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | Original report of performance shares award. |
| 03/06/2025 | Date of stock acquisition and disposal. |
| 03/07/2025 | Date of signature on the Form 4 filing. |
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