Form 4: Executive VP Sherrey Luetjen Reports Stock Transaction
SEC Form 4 Filing
Sherrey Luetjen, Executive VP of BANNER CORP, reports relinquishing shares to cover tax obligations on vesting of restricted stock.
Summary
- On March 31, 2025, Sherrey Luetjen, an Executive VP at BANNER CORP, relinquished 129 shares of common stock to cover tax obligations.
- The shares were relinquished at a price of $63.61 per share.
- Following the transaction, Luetjen beneficially owns 16,532 shares of BANNER CORP common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of share ownership by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of stock transaction where 129 shares were relinquished to cover tax obligations. |
| 04/01/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, BANNER CORP, Stock Transaction, Executive VP, Sherrey Luetjen, Restricted Stock, Tax Obligations
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