Form 4: Banner Corp Executive VP James T. Reed Jr. Reports Stock Transactions
SEC Form 4 Filing
Executive VP of Banner Bank, James T. Reed Jr., reports acquisition and disposal of Banner Corp stock on March 1, 2024, following vesting of performance shares.
Summary
- On March 1, 2024, James T. Reed Jr., Executive VP of Banner Bank, reported transactions involving Banner Corp stock.
- Reed acquired 1,698 shares of common stock at a price of $44.1 per share due to the vesting of performance shares.
- He also disposed of 513 shares to cover tax obligations related to the vesting.
- Following these transactions, Reed directly owns 25,727 shares, which includes 825 shares held through an IRA.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is standard practice in the financial industry to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/26/2021 | Original report of performance share award. |
| 03/01/2024 | Date of stock acquisition and disposal. |
| 03/04/2024 | Date of signature on the report. |
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