Form 4: Banner Corp Executive VP James T. Reed Jr. Reports Stock Transaction
SEC Filing
Executive VP of Banner Bank, James T. Reed Jr., reports relinquishing shares to cover tax obligations on vesting of restricted stock.
Summary
- On April 3, 2024, James T. Reed Jr., Executive VP of Banner Bank, relinquished 118 shares of Banner Corp common stock to cover tax obligations.
- The transaction was related to the vesting of 483 shares of restricted stock under the 2018 Omnibus Incentive Plan.
- The price per share was $46.58.
- Following the transaction, Reed directly owns 29,822 shares, which includes 825 shares held through an IRA.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a routine transaction related to tax obligations on vested stock.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being relinquished by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of stock transaction where shares were relinquished to cover tax obligations. |
| 04/04/2024 | Date of signature on 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.