Form 4: Banner Corp Executive VP Relinquishes Shares for Tax Obligations
SEC Filing
Kayleen R. Kohler, Executive VP of Banner Bank, relinquished 175 shares of Banner Corp common stock to cover tax obligations on vesting restricted stock.
Summary
- On April 3, 2024, Kayleen R. Kohler, Executive VP of Banner Bank, relinquished 175 shares of Banner Corp common stock to cover tax obligations.
- The transaction was related to the vesting of 595 shares of restricted stock under the 2018 Omnibus Incentive Plan.
- The shares were relinquished at a price of $46.58 per share.
- Following the transaction, Kohler directly owns 23,237 shares of Banner Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications.
Industry Context
This is a routine Form 4 filing related to insider transactions. It is common for executives to relinquish shares to cover tax obligations when restricted stock vests.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of transaction: Kayleen R. Kohler relinquished 175 shares of Banner Corp common stock. |
| 04/04/2024 | Date of signature on the Form 4 filing. |
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