Form 4: Glacier Bancorp Executive Vice President Ron J. Copher Reports Changes in Beneficial Ownership

Ron J. Copher, Executive Vice President/CFO of Glacier Bancorp, reports acquisition of restricted stock units and disposition of common stock for tax purposes.

Summary

• On February 15, 2025, Ron J. Copher, Executive Vice President/CFO of Glacier Bancorp, acquired 7,307 shares of common stock in the form of restricted stock units.
• These restricted stock units vest in three equal annual installments starting February 15, 2026.
• On the same day, Copher disposed of 784 shares of common stock to cover tax obligations.
• Following these transactions, Copher directly owns 94,226 shares of common stock and indirectly owns 31,149 shares through a 401(k)/Profit Sharing Plan.
• The shares held in the 401(k)/Profit Sharing Plan are adjusted for shares acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted stock units is a positive sign, while the sale for tax purposes is a routine event. Overall, it reflects standard executive compensation practices.

Positives

• The acquisition of restricted stock units indicates confidence in the company's future performance.
• The vesting schedule incentivizes long-term commitment from the executive.

Negatives

• The disposition of shares to cover tax obligations, while common, slightly reduces the executive's direct holdings.

Future Outlook

The vesting schedule of the restricted stock units suggests an expectation of continued employment and contribution to the company's success over the next three years.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing is typical for executives receiving stock-based compensation.

Comparison to Industry Standards

• Stock-based compensation is a common practice in the banking industry to align executive interests with shareholder value.
• Vesting schedules are generally structured over a 3-5 year period, which is consistent with the reported vesting schedule.
• Comparable companies such as First Interstate BancSystem and U.S. Bancorp also utilize restricted stock units as part of their executive compensation packages.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects standard executive compensation practices.
• Employees may view the stock grants as a positive sign of the company's commitment to its leadership.

Key Dates