Form 4: Banner Corp Executive VP Kenneth Larsen Reports Stock Transaction
SEC Form 4 Filing
Executive VP of Banner Bank, Kenneth Larsen, reports relinquishing shares to cover tax obligations on vesting of restricted stock.
Summary
- Kenneth A. Larsen, Executive VP at Banner Bank, a subsidiary of Banner Corp, filed a Form 4 on March 26, 2024.
- The filing reports a transaction where 97 shares of common stock were relinquished to cover tax obligations.
- This was related to the vesting of 395 shares of restricted stock under the 2018 Omnibus Incentive Plan.
- The price per share was $45.76.
- Following the transaction, Larsen directly owns 19,150 shares, including shares held through a Deferred Compensation Plan (2,826 shares) and an IRA (225 shares).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard stock transaction related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects a change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 03/26/2024 | Date of stock transaction and filing of Form 4 |
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