Form 4: Banner Corp Executive VP Relinquishes Shares for Tax Obligations
SEC Filing
Cynthia D. Purcell, Executive VP of Banner Bank, relinquished 349 shares of Banner Corp stock to cover tax obligations on vesting restricted stock.
Summary
- On March 26, 2024, Cynthia D. Purcell, Executive VP of Banner Bank, relinquished 349 shares of Banner Corp common stock to cover tax obligations.
- The shares were relinquished at a price of $45.76 per share.
- Following the transaction, Purcell directly owns 35,043 shares, which includes shares held through a Deferred Compensation Plan and a 401(k) Plan.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows investors to monitor the actions of those with the most knowledge of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 03/26/2024 | Date of transaction: Cynthia D. Purcell relinquished shares to cover tax obligations. |
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