Form 4: Banner Corp Executive VP Luetjen Reports Stock Transactions
SEC Form 4 Filing
Executive VP Sherrey Luetjen reports acquisition and disposal of Banner Corp stock related to performance share vesting and tax obligations.
Summary
- On March 6, 2025, Sherrey Luetjen, Executive VP of Banner Corp, acquired 2,269 shares of common stock at a price of $63.89 per share due to the vesting of performance shares.
- Luetjen also disposed of 640 shares at the same price to cover tax obligations related to the vesting of the restricted stock.
- Following these transactions, Luetjen directly owns 16,661 shares of Banner Corp common stock.
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, which is common in publicly traded companies. It provides transparency into the trading activities of insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related stock disposals.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | Original report of performance shares award at maximum performance criteria. |
| 03/06/2025 | Date of stock acquisition and disposal. |
| 03/07/2025 | Date of signature on the Form 4 filing. |
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