Costa James M 4
4 · BANNER CORP · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Banner (BANR) EVP James Costa Receives 9,930 RSU Award
What Happened James M. Costa, Executive Vice President of Banner Corporation (BANR), was granted restricted stock units (RSUs) totaling 9,930 shares on April 1, 2026 — 3,972 RSUs valued at $61.40 each ($243,881) and 5,958 RSUs at $61.40 each ($365,821). On the same date he relinquished (disposed) 307 and 290 shares (total 597) to satisfy tax withholding obligations at $61.34 per share (total ~$36,620). The grants are reported as awards (code A); the relinquishments are tax-withholding disposals (code F).
Key Details
- Transaction dates: April 1, 2026 (reported on Form 4 filed April 2, 2026) — filing appears timely.
- Grant prices/values: 3,972 RSUs @ $61.40 = $243,881; 5,958 RSUs @ $61.40 = $365,821; total ≈ $609,702.
- Shares surrendered for taxes: 307 @ $61.34 = $18,831 and 290 @ $61.34 = $17,789; total ≈ $36,620.
- Shares owned after transaction: Not disclosed in the filing.
- Notable footnotes:
- One RSU award vests ratably over three years beginning April 1, 2026 (subject to forfeiture until vested).
- The other RSU award is performance-based, with vesting tied to corporate and individual goals for 2026–2028.
- The disposals are recorded as shares relinquished to cover tax obligations (tax-withholding).
- Transaction codes: A = Award/Grant, F = Tax withholding/disposition.
Context RSUs are deferred equity awards that convert into shares if and when they vest; these are not open-market purchases and do not necessarily signal immediate bullish trading by the insider. The performance-based portion will only vest to the extent performance goals are met during the specified period. The tax-related share relinquishments are a common administrative step when awards vest.
Insider Transaction Report
- Award
Common Stock, $0.01 par value per share
[F1][F2]2026-04-01$61.40/sh+3,972$243,881→ 37,744 total - Award
Common Stock, $0.01 par value per share
[F3][F2]2026-04-01$61.40/sh+5,958$365,821→ 43,702 total - Tax Payment
Common Stock, $0.01 par value per share
[F4][F5]2026-04-01$61.34/sh−307$18,831→ 43,395 total - Tax Payment
Common Stock, $0.01 par value per share
[F6][F5]2026-04-01$61.34/sh−290$17,789→ 43,105 total
Footnotes (6)
- [F1]Represents award pursuant to 2023 Omnibus Incentive Plan; shares vest ratably over a three-year period beginning on April 1, 2026 and ending on the third anniversary thereof. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting. These restricted stock units are subject to forfeiture and to limits on transferability until they vest.
- [F2]Closing price on April 1, 2026.
- [F3]Represents award pursuant to 2023 Omnibus Incentive Plan and is subject to the achievement of specified corporate and individual performance goals over a period that began on January 1, 2026 and ends on December 31, 2028. The extent to which the award vests, if at all, depends on the extent to which the performance goals are satisfied. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting. These restricted stock units are subject to forfeiture and to limits on transferability until they vest.
- [F4]Shares relinquished to cover tax obligations on vesting of 1,229 shares of restricted stock pursuant to 2018 Omnibus Incentive Plan.
- [F5]Market price on April 1, 2026
- [F6]Shares relinquished to cover tax obligations on vesting of 1,160 shares of restricted stock pursuant to 2018 Omnibus Incentive Plan.