BANR.NASDAQBanner CORP

Form 4: Banner Corp Executive VP James P.G. McLean Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

📋All filings for Banner CORP
🔒Login to Follow

Executive VP of Banner Bank, James P.G. McLean, reports acquisition and disposal of Banner Corp shares on March 1, 2024.

Summary

  • On March 1, 2024, James P.G. McLean, Executive VP of Banner Bank, acquired 1,643 shares of Banner Corp common stock at a price of $44.1 per share.
  • On the same day, McLean disposed of 497 shares to cover tax obligations related to the vesting of restricted stock.
  • Following these transactions, McLean directly owns 18,099 shares of Banner Corp common stock.
  • The transactions relate to the vesting of performance shares originally reported on March 26, 2021, with the actual number of shares vesting based on performance results determined by Banner Corporation's Compensation Committee.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard regulatory filing reporting stock transactions. There is no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they reflect routine insider trading activity.

Key Dates

DateDescription
2021-03-26Original report of 1,942 performance shares at maximum performance criteria.
2024-03-01Acquisition of 1,643 shares at $44.1 per share and disposal of 497 shares for tax obligations.
2024-03-04Date of signature for the Form 4 filing.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.