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 March 28, 2024, Robert Butterfield, Executive VP of Banner Corp, relinquished 168 shares of common stock to cover tax obligations.
- The transaction was related to the vesting of 556 shares of restricted stock under the 2018 Omnibus Incentive Plan.
- The price per share was $47.87, based on the market price on March 28, 2024.
- Following the transaction, Butterfield beneficially owns 10,208 shares of Banner Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports a transaction related to executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of stock transaction where shares were relinquished to cover tax obligations. |
| 04/01/2024 | Date of signature on the Form 4 filing. |
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