Form 4: Banner Corp Executive VP Robert Butterfield Reports Stock Transaction

Executive Vice President of Banner Corp, Robert Butterfield, relinquished 78 shares of common stock to cover tax obligations on vesting of restricted stock.

Summary

• Robert Butterfield, an Executive Vice President at Banner Corp, reported a transaction involving the company's common stock.
• On January 31, 2025, Mr. Butterfield relinquished 78 shares of common stock to cover tax obligations.
• This transaction was related to the vesting of 219 shares of restricted stock under the 2014 Omnibus Incentive Plan.
• The market price of the stock on the transaction date was $70.93 per share.
• Following the transaction, Mr. Butterfield directly owns 18,953 shares of Banner Corp common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC.
• The transaction is typical of stock-based compensation plans where shares are relinquished to cover tax obligations.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine part of executive compensation.

Key Dates

Keywords

stock transaction, insider trading, executive compensation, restricted stock, tax obligations, Form 4, Banner Corp, BANR