Form 4: Banner Corp Executive VP Janet M. Brown Reports Stock Transaction

Executive VP of Banner Bank, Janet M. Brown, reports relinquishing shares to cover tax obligations on vesting of restricted stock.

Summary

• On March 26, 2024, Janet M. Brown, Executive VP of Banner Bank, reported a transaction involving Banner Corp (BANR) common stock.
• Brown relinquished 112 shares of common stock to cover tax obligations related to the vesting of 448 shares of restricted stock under the 2018 Omnibus Incentive Plan.
• The price per share for this transaction was $45.76.
• Following the transaction, Brown directly owns 10,636 shares of Banner Corp common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction related to tax obligations. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It's a common practice for executives to relinquish shares to cover tax obligations when restricted stock vests.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine procedure for covering tax obligations.

Key Dates