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 vested restricted stock.
Summary
- On March 26, 2024, Robert Butterfield, Executive VP of Banner Corp, reported a transaction involving the company's common stock.
- Butterfield relinquished 174 shares to cover tax obligations related to the vesting of 574 shares of restricted stock under the 2018 Omnibus Incentive Plan.
- The transaction was executed at a market price of $45.76 per share.
- Following the transaction, Butterfield directly owns 10,376 shares of Banner Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction related to executive compensation; 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 direct impact on stakeholders as it is a routine part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/26/2024 | Date of stock transaction where shares were relinquished to cover tax obligations. |
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