Form 4: Banner Corp Executive VP Kenneth Larsen Reports Stock Transaction
SEC Form 4 Filing
Executive VP of Banner Corp, Kenneth Larsen, reports relinquishing shares to cover tax obligations on vesting of restricted stock.
Summary
- On March 28, 2024, Kenneth A. Larsen, Executive VP of Banner Bank, relinquished 90 shares of Banner Corp common stock to cover tax obligations.
- The transaction was executed at a price of $47.87 per share.
- Following the transaction, Larsen directly owns 19,060 shares, which includes 2,826 shares through a Deferred Compensation Plan and 225 shares through an IRA.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock transaction, and does not inherently convey positive or negative sentiment.
Industry Context
This is a routine Form 4 filing, which is standard practice when corporate insiders engage in transactions involving their company's stock. It provides transparency to the market regarding insider activity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares being relinquished by an executive.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of stock transaction where 90 shares were relinquished to cover tax obligations. |
| 04/01/2024 | Date of signature on the Form 4 filing. |
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