Form 4: Banner Corp Executive VP James P.G. McLean Reports Stock Transactions
SEC Form 4 Filing
Executive VP of Banner Bank, James P.G. McLean, reports acquisition and disposal of Banner Corp common stock on March 6, 2025, according to a Form 4 filing.
Summary
- On March 6, 2025, James P.G. McLean, Executive VP of Banner Bank, acquired 2,086 shares of Banner Corp common stock at $63.89 per share.
- McLean also disposed of 603 shares to cover tax obligations related to the vesting of restricted stock at a price of $63.89 per share.
- Following these transactions, McLean directly owns 21,178 shares of Banner Corp common stock.
- The reported transactions relate to the vesting of performance shares originally reported on March 31, 2022, 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 reflects routine stock transactions related to executive compensation. There is no indication of positive or negative sentiment towards the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in stock transactions by company insiders, providing investors with insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | Original report of 2,173 performance shares at maximum performance criteria. |
| 03/06/2025 | Date of stock acquisition and disposal transactions. |
| 03/07/2025 | Date of signature on the Form 4 filing. |
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