Form 4: Banner Corp Executive VP Kayleen Kohler Reports Stock Transactions
SEC Form 4
Executive VP of Banner Bank, Kayleen Kohler, reports acquisition and disposal of Banner Corp common stock on March 1, 2024, according to a Form 4 filing.
Summary
- Kayleen Kohler, Executive VP of Banner Bank, filed a Form 4 reporting changes in beneficial ownership of Banner Corp stock.
- On March 1, 2024, Kohler acquired 1,596 shares of common stock at $44.10 per share.
- On the same day, Kohler disposed of 554 shares to cover tax obligations related to the vesting of restricted stock at $44.10 per share.
- Following these transactions, Kohler beneficially owns 18,226 shares of Banner Corp common stock.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of stock transactions by an executive, with no inherently positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their trading activities and potential alignment with shareholder interests. It is common for executives to acquire shares through vesting of stock awards and dispose of shares to cover tax obligations.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent a small portion of the overall outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/26/2021 | Original report of 1,885 performance shares award at maximum performance criteria. |
| 03/01/2024 | Acquisition of 1,596 shares of common stock at $44.10 per share and disposal of 554 shares for tax obligations at $44.10 per share. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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