Form 4: Banner Corp Executive VP M. Kirk Quillin Reports Stock Transaction
SEC Form 4 Filing
Executive VP of Banner Bank, M. Kirk Quillin, reports relinquishing shares to cover tax obligations, leaving him with 28,487 shares.
Summary
- On March 28, 2024, M. Kirk Quillin, Executive VP of Banner Bank, relinquished 131 shares of Banner Corp common stock to cover tax obligations.
- The transaction was executed at a price of $47.87 per share.
- Following the transaction, Quillin directly owns 28,487 shares, which includes 2,000 shares through a 401(k) rollover account and 444 shares through a 401(k) Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of insider transactions, required by the SEC to ensure transparency and prevent insider trading. It provides investors with information about the buying and selling activities of company executives.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares being relinquished by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of stock transaction where 131 shares were relinquished to cover tax obligations. |
| 04/01/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.