Form 4: Executive VP of Banner Corp Relinquishes Shares for Tax Obligations
SEC Form 4 Filing
Cynthia D. Purcell, Executive VP of Banner Bank, relinquished 411 shares of Banner Corp common stock to cover tax obligations on vesting performance shares.
Summary
- On April 3, 2025, Cynthia D. Purcell, Executive VP of Banner Bank, relinquished 411 shares of Banner Corp common stock to cover tax obligations.
- The shares were relinquished at a price of $60.55 per share.
- This transaction occurred due to the vesting of 1,044 performance shares under the 2018 Omnibus Incentive Plan.
- Following the transaction, Purcell directly owns 47,723 shares, including 4 shares through a Deferred Compensation Plan and 1,099 shares through a 401(k) Plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a routine transaction related to tax obligations and doesn't indicate a significant change in the executive's outlook on the company.
Industry Context
This is a routine Form 4 filing, reflecting an insider transaction related to tax obligations on vested performance shares. It's a common occurrence in publicly traded companies with equity-based compensation plans.
Key Dates
| Date | Description |
|---|---|
| 04/03/2025 | Date of stock transaction: Cynthia D. Purcell relinquished shares to cover tax obligations. |
| 04/04/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Insider Trading, Banner Corp, BANR, Cynthia D. Purcell, Executive VP, Stock Transaction, Tax Obligations, Performance Shares
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.