Form 4: Banner Corp Executive VP James T. Reed Jr. Reports Stock Transaction
SEC Form 4 Filing
Executive VP of Banner Bank, James T. Reed Jr., reports relinquishing 103 shares of Banner Corp stock to cover tax obligations on vesting of restricted stock on March 28, 2024.
Summary
- On March 28, 2024, James T. Reed Jr., Executive VP of Banner Bank, relinquished 103 shares of Banner Corp common stock to cover tax obligations.
- The shares were relinquished at a market price of $47.87 per share.
- Following the transaction, Reed directly owns 25,515 shares of Banner Corp, which includes 825 shares held through an IRA.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock transaction, which is neutral in sentiment.
Industry Context
This is a routine disclosure of a transaction by a company insider, which is a common occurrence for publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of stock transaction where 103 shares were relinquished to cover tax obligations. |
| 04/01/2024 | Date of signature on the Form 4 filing. |
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