Form 4: Banner Corp Executive VP Relinquishes Shares for Tax Obligations
SEC Form 4 Filing
M. Kirk Quillin, Executive VP of Banner Bank, relinquished 131 shares of Banner Corp common stock to cover tax obligations on vesting performance shares on March 31, 2025.
Summary
- On March 31, 2025, M. Kirk Quillin, Executive VP of Banner Bank, relinquished 131 shares of Banner Corp common stock to cover tax obligations.
- The shares were relinquished at a price of $63.61 per share.
- Following the transaction, Quillin directly owns 33,183 shares, which includes 2,000 shares through a 401(k) rollover account and 444 shares through a 401(k) Plan.
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 practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares being relinquished by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of transaction: M. Kirk Quillin relinquished shares to cover tax obligations. |
| 04/01/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Executive VP, Banner Corp, BANR, M. Kirk Quillin, Tax Obligations, Share Relinquishment
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