Form 4: Banner Corp Executive VP Kenneth Larsen Reports Stock Transactions
SEC Form 4 Filing
Executive VP 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 6, 2025.
- Larsen acquired 1,591 shares of common stock at a price of $63.89 per share due to the vesting of performance shares.
- He also disposed of 483 shares to cover tax obligations related to the vesting of restricted stock.
- Following these transactions, Larsen directly owns 22,604 shares of Banner Corp stock, which includes shares held through a Deferred Compensation Plan and an IRA.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership and transactions.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | Original report of performance share award at maximum performance criteria. |
| 03/06/2025 | Date of stock acquisition and disposal by Kenneth Larsen. |
| 03/07/2025 | Date of signature on the Form 4 filing. |
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