Brown Janet M 4

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.