Brown Janet M 4
4 · BANNER CORP · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Banner (BANR) EVP Janet Brown Relinquishes 152 Shares for Taxes
What Happened
- Janet M. Brown, Executive Vice President of Banner Corp (BANR), relinquished 152 shares on April 2, 2026. The reported disposal value is $9,251, reflecting a per-share price of $60.86.
- This was not an open-market sale for proceeds but a tax-withholding transaction tied to the vesting of restricted stock.
Key Details
- Transaction date: April 2, 2026. Filing date (Form 4): April 3, 2026 (timely).
- Price per share reported: $60.86 (market price on April 2, 2026).
- Shares relinquished: 152; reported total value: $9,251.
- Related vesting: 609 restricted shares vested; 152 shares were relinquished to cover tax obligations (per footnote).
- Shares owned after transaction: not disclosed in the provided filing.
- Filing appears timely (no late-filing flag).
Context
- This is a routine tax-withholding event commonly used when restricted stock vests; shares are surrendered to cover required tax withholding rather than sold in the open market for investment purposes.
- Such withholding transactions generally should not be interpreted as a bullish or bearish signal about the company’s prospects.
Insider Transaction Report
Form 4
BANNER CORPBANR
Brown Janet M
Executive VP, Banner Bank
Transactions
- Tax Payment
Common Stock, $0.01 par value per share
[F1][F2]2026-04-02$60.86/sh−152$9,251→ 24,394 total
Footnotes (2)
- [F1]Shares relinquished to cover tax obligations on vesting of 609 shares of restricted stock pursuant to the 2018 Omnibus Incentive Plan.
- [F2]Market price on April 2, 2026.
Signature
/s/ Richard C. Arnold, attorney-in-fact for Ms. Brown|2026-04-03