Butterfield Robert 4

What Happened Robert Butterfield, Executive Vice President of Banner Corp (BANR), relinquished 77 shares on January 30, 2026 to satisfy tax withholding obligations. The shares were valued at $61.82 each for a total of $4,760. This was not an open-market sell for cash gain but a tax-withholding transaction tied to the vesting of restricted stock.

Key Details

• Transaction date and price: 2026-01-30 — 77 shares at $61.82 each (total $4,760).
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: Shares were relinquished to cover tax obligations on the vesting of 220 restricted shares under the 2014 Omnibus Incentive Plan.
• Transaction code F indicates shares surrendered for tax withholding; filing shows the report date as 2026-01-30 (no late filing indicated).

Context This was a routine tax-withholding action following the vesting of restricted stock (220 shares), not a discretionary sale signaling a change in insider sentiment. Such "share surrender" or cashless withholding is common when restricted stock vests and typically reflects tax payment mechanics rather than trading intent.