Form 4: Banner Corp Executive VP James P. Garcia Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Executive VP of Banner Bank, James P. Garcia, reports a transaction involving common stock to cover tax obligations.
Summary
- On April 3, 2024, James P. Garcia, Executive VP of Banner Bank, relinquished 117 shares of Banner Corp common stock to cover tax obligations.
- The transaction was related to the vesting of 477 shares of restricted stock under the 2018 Omnibus Incentive Plan.
- The price per share for the transaction was $46.58, reflecting the market price on April 3, 2024.
- Following the transaction, Garcia directly owns 20,937 shares of Banner Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their impact on company stock ownership.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects a small change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of the stock transaction where 117 shares were relinquished to cover tax obligations. |
| 04/04/2024 | Date of signature for the Form 4 filing. |
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