Form 4: Banner Corp Executive VP James P.G. McLean Reports Stock Transaction
SEC Form 4 Filing
Executive VP of Banner Bank, James P.G. McLean, reports relinquishing shares to cover tax obligations on vested restricted stock.
Summary
- On March 31, 2025, James P.G. McLean, Executive VP of Banner Bank, relinquished 118 shares of Banner Corp common stock to cover tax obligations.
- The shares were relinquished at a market price of $63.61 per share.
- Following the transaction, McLean directly owns 21,060 shares of Banner Corp common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reports a routine transaction related to tax obligations.
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 a common practice of executives covering tax obligations related to stock vesting.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of stock transaction: relinquishing shares for tax obligations. |
| 04/01/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Insider Trading, Stock Transaction, Executive Compensation, Banner Corp, BANR, James P.G. McLean
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