Form 4: Banner Corp Executive VP Janet M. Brown Reports Stock Transaction
SEC Form 4 Filing
Executive VP of Banner Bank, Janet M. Brown, reports a transaction involving Banner Corp common stock on March 28, 2024, to cover tax obligations.
Summary
- On March 28, 2024, Janet M. Brown, Executive VP of Banner Bank, engaged in a transaction involving Banner Corp common stock.
- The transaction involved relinquishing 125 shares of common stock at a price of $47.87 per share.
- This was done to cover tax obligations related to the vesting of 500 shares of restricted stock under the 2018 Omnibus Incentive Plan.
- Following the transaction, Brown directly owns 10,511 shares of Banner Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This filing indicates routine activity related to executive compensation and tax obligations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine activity related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of stock transaction where 125 shares were relinquished to cover tax obligations. |
| 04/01/2024 | Date of signature for 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.