Form 4: Banner Corp Executive VP James T. Reed Jr. Reports Stock Transaction

Executive VP of Banner Bank, James T. Reed Jr., reports relinquishing 102 shares of Banner Corp stock to cover tax obligations on vesting of restricted stock on March 31, 2025.

Summary

• On March 31, 2025, James T. Reed Jr., Executive VP of Banner Bank, relinquished 102 shares of Banner Corp common stock to cover tax obligations.
• The transaction was related to the vesting of 416 shares of restricted stock under the 2018 Omnibus Incentive Plan.
• The shares were relinquished at a market price of $63.61 per share.
• Following the transaction, Reed directly owns 29,111 shares of Banner Corp, which includes 825 shares held through an IRA.

Sentiment

Score: 5

Explanation: This is a neutral report of a routine stock transaction. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

This is a routine disclosure of a stock transaction by a company executive, which is common in publicly traded companies. It reflects part of the executive's compensation package and is subject to regulatory reporting requirements.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transaction, Executive Compensation, Restricted Stock, Tax Obligations, Banner Corp, BANR, James T. Reed Jr.