Form 4: Banner Corp Executive VP Relinquishes Shares for Tax Obligations
SEC Filing
James P.G. McLean, Executive VP of Banner Bank, relinquished 106 shares of Banner Corp common stock to cover tax obligations on vesting restricted stock.
Summary
- On March 26, 2024, James P.G. McLean, Executive VP of Banner Bank, relinquished 106 shares of Banner Corp common stock to cover tax obligations.
- The transaction was executed at a market price of $45.76 per share.
- Following the transaction, McLean directly owns 17,993 shares of Banner Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. This provides transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares being relinquished by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/26/2024 | Date of transaction: James P.G. McLean relinquished 106 shares of Banner Corp common stock. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.