Form 4: Banner Corp Executive VP Relinquishes Shares for Tax Obligations
SEC Form 4 Filing
M. Kirk Quillin, Executive VP of Banner Bank, relinquished 153 shares of Banner Corp common stock to cover tax obligations on vesting of restricted stock on April 3, 2024.
Summary
- On April 3, 2024, M. Kirk Quillin, Executive VP of Banner Bank, relinquished 153 shares of Banner Corp common stock to cover tax obligations.
- The transaction was executed at a market price of $46.58 per share.
- Following the transaction, Quillin directly owns 34,064 shares, which includes 2,000 shares through a 401(k) rollover account and 444 shares through the 401(k) Plan.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation and tax obligations.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares relinquished for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of the stock transaction where shares were relinquished to cover tax obligations. |
| 04/04/2024 | Date of signature for the Form 4 filing. |
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