Form 4: Banner Corp Executive VP James M. Costa Relinquishes Shares for Tax Obligations
SEC Form 4 Filing
Executive VP of Banner Bank, James M. Costa, relinquished 309 shares of Banner Corp common stock to cover tax obligations on vesting restricted stock on April 3, 2024.
Summary
- On April 3, 2024, James M. Costa, Executive VP of Banner Bank, relinquished 309 shares of Banner Corp common stock to cover tax obligations.
- The transaction was related to the vesting of 1,007 shares of restricted stock under the 2018 Omnibus Incentive Plan.
- The shares were relinquished at a market price of $46.58 per share.
- Following the transaction, Costa directly owns 24,779 shares of Banner Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard transaction related to executive compensation and tax obligations.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for executives holding company stock. It provides transparency into the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of transaction: James M. Costa relinquished 309 shares of Banner Corp common stock to cover tax obligations. |
| 04/04/2024 | Date of signature on the Form 4 filing. |
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