Form 4: Executive VP of Banner Corp Relinquishes Shares for Tax Obligations
SEC Form 4 Filing
James M. Costa, Executive VP of Banner Bank, relinquished 252 shares of common stock to cover tax obligations on vesting of restricted stock on April 3, 2025.
Summary
- On April 3, 2025, James M. Costa, an Executive VP at Banner Bank, relinquished 252 shares of Banner Corp common stock to cover tax obligations.
- The shares were relinquished at a market price of $60.55 per share.
- This transaction occurred due to the vesting of 1,008 shares of restricted stock under the 2018 Omnibus Incentive Plan.
- Following the transaction, Costa directly owns 31,266 shares of Banner Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and tax obligations, so it's neutral in sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. This filing indicates a transaction related to tax obligations from vested restricted stock, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 04/03/2025 | Date of transaction: James M. Costa relinquished shares to cover tax obligations. |
| 04/04/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Executive VP, Banner Corp, BANR, James M. Costa, Stock Relinquishment, Tax Obligations, Restricted Stock, 2018 Omnibus Incentive Plan
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