Form 4: Banner Corp Executive VP Kenneth Larsen Reports Stock Transactions
SEC Form 4 Filing
Executive VP of Banner Bank, Kenneth Larsen, reports acquisition and disposal of Banner Corp stock related to performance share vesting and tax obligations.
Summary
- Kenneth Larsen, Executive VP of Banner Bank, reported transactions involving Banner Corp stock on March 1, 2024.
- Larsen acquired 1,504 shares of common stock at a price of $44.10 per share due to the vesting of performance shares.
- He also disposed of 455 shares to cover tax obligations related to the vesting of the restricted stock at a price of $44.10 per share.
- Following these transactions, Larsen beneficially owns 19,247 shares of Banner Corp common stock, including shares held through a Deferred Compensation Plan and an IRA.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock transactions related to compensation and tax obligations, without indicating any positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It allows investors to monitor the buying and selling activities of company executives, which can offer insights into their perspective on the company's performance and future prospects.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine insider trading activity related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/26/2021 | Original report of 1,777 performance shares award at maximum performance criteria. |
| 03/01/2024 | Date of stock acquisition and disposal transactions. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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