BANR.NASDAQBanner CORP

Form 4: Banner Corp Executive VP James P. Garcia Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Executive VP of Banner Bank, James P. Garcia, reports acquisition and disposal of Banner Corp common stock on March 1, 2024, following vesting of performance shares.

Summary

  • On March 1, 2024, James P. Garcia, Executive VP of Banner Bank, reported changes in beneficial ownership of Banner Corp common stock.
  • Garcia acquired 1,706 shares of common stock at a price of $44.10 per share due to the vesting of performance shares.
  • He also disposed of 516 shares to cover tax obligations related to the vesting of the restricted stock at a price of $44.10 per share.
  • Following these transactions, Garcia directly owns 16,899 shares of Banner Corp common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reflects routine transactions related to executive compensation and does not indicate any significant positive or negative developments for the company.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company executives.

Stakeholder Impact

  • The transactions have a minimal impact on shareholders as they represent routine insider activity related to compensation.

Key Dates

DateDescription
03/26/2021Original report of 2,016 performance shares award at maximum performance criteria.
03/01/2024Date of transaction: acquisition of 1,706 shares and disposal of 516 shares.
03/04/2024Date of signature on the Form 4 filing.

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