Form 4: Banner Corp Executive VP Robert Butterfield Reports Stock Transaction
SEC Form 4 Filing
Executive VP Robert Butterfield of Banner Corp reports relinquishing shares to cover tax obligations on vesting of restricted stock.
Summary
- On April 3, 2024, Robert Butterfield, Executive VP of Banner Corp, reported a transaction involving the company's common stock.
- Butterfield relinquished 189 shares of common stock at a price of $46.58 per share to cover tax obligations.
- This transaction was related to the vesting of 626 shares of restricted stock under the 2018 Omnibus Incentive Plan.
- Following the transaction, Butterfield directly owns 19,031 shares of Banner Corp.
- The transaction was reported on Form 4, filed with the SEC on April 4, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard transaction related to stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of stock transaction: Robert Butterfield relinquished shares to cover tax obligations. |
| 04/04/2024 | Date of Form 4 filing with the SEC. |
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