Form 4: Executive VP of Banner Corp Relinquishes Shares for Tax Obligations
SEC Form 4 Filing
James T. Reed Jr., Executive VP of Banner Bank, relinquished 118 shares of common stock to cover tax obligations on vesting restricted stock.
Summary
- On April 3, 2025, James T. Reed Jr., Executive VP of Banner Bank, relinquished 118 shares of Banner Corp common stock to cover tax obligations.
- The transaction was executed at a price of $60.55 per share.
- Following the transaction, Reed directly owns 32,764 shares, which includes 825 shares held through an IRA.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's overall performance.
Industry Context
Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company executives and other insiders.
Key Dates
| Date | Description |
|---|---|
| 04/03/2025 | Date of transaction where shares were relinquished 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 T. Reed Jr., Tax Obligations, Restricted Stock, Share Relinquishment
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