Form 4: Banner Corp Executive VP Kenneth Larsen Reports Stock Transaction
SEC Form 4 Filing
Executive VP of Banner Bank, Kenneth A. Larsen, reports relinquishing shares to cover tax obligations on vesting of restricted stock.
Summary
- Kenneth A. Larsen, Executive VP of Banner Bank, filed a Form 4 on April 4, 2024, reporting a transaction on April 3, 2024.
- Larsen relinquished 103 shares of common stock to cover tax obligations related to the vesting of 421 shares of restricted stock under the 2018 Omnibus Incentive Plan.
- The price per share was $46.58.
- Following the transaction, Larsen directly owns 22,809 shares, including shares held through a Deferred Compensation Plan (2,826 shares) and an IRA (225 shares).
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and stock ownership, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of stock transaction where shares were relinquished to cover tax obligations. |
| 04/04/2024 | Date of Form 4 filing. |
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