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 109 shares of Banner Corp stock to cover tax obligations on vesting of restricted stock on March 26, 2024.
Summary
- On March 26, 2024, James T. Reed Jr., Executive VP of Banner Bank, relinquished 109 shares of Banner Corp common stock.
- The transaction was to cover tax obligations related to the vesting of 446 shares of restricted stock under the 2018 Omnibus Incentive Plan.
- The price per share was $45.76.
- Following the transaction, Reed directly owns 25,618 shares, which includes 825 shares held through an IRA.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant impact on the company's outlook.
Industry Context
This is a routine Form 4 filing, which is standard practice when company insiders conduct transactions in their company's stock. It provides transparency to the market.
Key Dates
| Date | Description |
|---|---|
| 03/26/2024 | Date of stock transaction: 109 shares relinquished to cover tax obligations. |
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