Form 4: Banner Corp Executive VP Relinquishes Shares for Tax Obligations
SEC Form 4 Filing
Kayleen R. Kohler, Executive VP of Banner Bank, relinquished 138 shares of Banner Corp common stock to cover tax obligations on vesting of restricted stock.
Summary
- Kayleen R. Kohler, an Executive VP at Banner Bank, a subsidiary of Banner Corp, reported a transaction on March 28, 2024.
- Kohler relinquished 138 shares of common stock to cover tax obligations related to the vesting of 469 shares of restricted stock under the 2018 Omnibus Incentive Plan.
- The price per share was $47.87, based on the market price on March 28, 2024.
- Following the transaction, Kohler directly owns 17,965 shares of Banner Corp common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders engage in transactions involving their company's stock. This filing indicates a routine transaction related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of transaction: Shares relinquished to cover tax obligations. |
| 04/01/2024 | Date of signature on the Form 4 filing. |
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