Form 4: Banner Corp Executive VP James M. Costa Reports Stock Transaction
SEC Form 4 Filing
Executive VP of Banner Bank, James M. Costa, reports relinquishing shares to cover tax obligations on vested restricted stock.
Summary
- On March 28, 2024, James M. Costa, Executive VP of Banner Bank, relinquished 280 shares of Banner Corp common stock to cover tax obligations.
- The transaction was related to the vesting of 912 shares of restricted stock under the 2018 Omnibus Incentive Plan.
- The price per share was $47.87.
- Following the transaction, Costa directly owns 15,873 shares of Banner Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a standard transaction related to executive compensation and tax obligations.
Industry Context
This is a routine Form 4 filing, which is standard practice when a company insider executes a transaction in their company's stock. It provides transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine event related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of stock transaction: relinquishing shares for tax obligations. |
| 04/01/2024 | Date of signature on the Form 4 filing. |
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