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 a transaction involving the relinquishment of shares to cover tax obligations.
Summary
- On March 31, 2025, James M. Costa, Executive VP of Banner Bank, relinquished 228 shares of Banner Corp common stock to cover tax obligations.
- The transaction was executed at a market price of $63.61 per share.
- Following the transaction, Costa beneficially owns 23,120 shares of Banner Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US financial market, providing transparency into the transactions of company insiders. This filing indicates that an executive has relinquished shares to cover tax obligations, a common practice when restricted stock vests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related stock relinquishment by an executive.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of stock transaction where shares were relinquished to cover tax obligations. |
| 04/01/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Executive VP, Banner Corp, BANR, James M. Costa
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