Form 4: Banner Corp Executive VP Luetjen Reports Stock Transaction
SEC Form 4 Filing
Executive VP Sherrey Luetjen of Banner Corp reports a transaction involving common stock to cover tax obligations.
Summary
- On April 3, 2025, Sherrey Luetjen, Executive VP of Banner Corp, reported a transaction involving the company's common stock.
- Luetjen relinquished 149 shares to cover tax obligations related to the vesting of 608 shares of restricted stock under the 2018 Omnibus Incentive Plan.
- The transaction was executed at a market price of $60.55 per share.
- Following the transaction, Luetjen directly owns 21,119 shares of Banner Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This is a routine Form 4 filing, which is common for corporate executives who receive stock as part of their compensation. It provides transparency into insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being relinquished by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 04/03/2025 | Date of the stock transaction (relinquishing shares for tax obligations). |
| 04/04/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Insider Trading, Stock Transaction, Executive Compensation, BANNER CORP, BANR, Sherrey Luetjen
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