Form 4: Banner Corp Executive VP Robert Butterfield Reports Stock Transaction
SEC Form 4
Executive VP Robert Butterfield of Banner Corp reports relinquishing shares to cover tax obligations on vesting of restricted stock.
Summary
- On April 3, 2025, Robert Butterfield, Executive VP of Banner Corp, relinquished 189 shares of common stock to cover tax obligations.
- The shares were relinquished at a price of $60.55 per share.
- Following the transaction, Butterfield directly owns 25,712 shares of Banner Corp.
- The transaction was related to the vesting of 627 shares of restricted stock under the 2018 Omnibus Incentive Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to executive compensation and tax obligations.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/03/2025 | Date of stock transaction where shares were relinquished to cover tax obligations. |
| 04/04/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Executive VP, Robert Butterfield, Banner Corp, BANR, Restricted Stock, Tax Obligations
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