Form 4: Banner Corp Executive VP Relinquishes Shares for Tax Obligations
SEC Form 4 Filing
James P.G. McLean, Executive VP of Banner Bank, relinquished 118 shares of Banner Corp common stock to cover tax obligations on vesting restricted stock.
Summary
- On March 28, 2024, James P.G. McLean, Executive VP of Banner Bank, relinquished 118 shares of Banner Corp common stock to cover tax obligations.
- The shares were relinquished at a price of $47.87 per share.
- Following the transaction, McLean directly owns 17,875 shares of Banner Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and tax obligations, and doesn't indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, make transactions involving the company's securities. This provides transparency to the market regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of transaction: James P.G. McLean relinquished 118 shares of Banner Corp common stock. |
| 04/01/2024 | Date of signature on the Form 4 filing. |
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