Form 4: Banner Corp Executive VP Kenneth Larsen Reports Share Relinquishment for Tax Obligations
SEC Form 4 Filing
Executive VP of Banner Bank, Kenneth Larsen, reports relinquishing shares to cover tax obligations on vesting restricted stock.
Summary
- Kenneth A. Larsen, Executive VP of Banner Bank, reported a transaction on March 31, 2025.
- Larsen relinquished 90 shares of common stock to cover tax obligations related to the vesting of 369 shares of restricted stock under the 2018 Omnibus Incentive Plan.
- The price per share was $63.61.
- Following the transaction, Larsen directly owns 22,537 shares, including shares held through a Deferred Compensation Plan (2,920 shares) and an IRA (225 shares).
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and tax obligations, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of transaction: Kenneth Larsen relinquished shares to cover tax obligations. |
| 04/01/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Executive VP, Banner Corp, BANR, Kenneth Larsen, Tax Obligations, Restricted Stock, Share Relinquishment
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