Harrison Karen 4

What Happened Karen Harrison, Executive Vice President of Banner Bank (Banner Corp, ticker BANR), surrendered 159 shares on April 2, 2026 to satisfy tax withholding obligations related to the vesting of 493 restricted shares. The shares were valued at $60.86 each (market price on Apr 2, 2026), for a total of approximately $9,677. This was a tax-withholding share surrender (routine), not a market-directed sale to signal a view on the stock.

Key Details

• Transaction date and price: April 2, 2026 at $60.86 per share (market price per filing).
• Shares surrendered/disposed: 159 shares; total value ≈ $9,677.
• Reason: Shares relinquished to cover tax obligations on the vesting of 493 restricted shares under the 2018 Omnibus Incentive Plan (footnote).
• Filing: Report filed April 3, 2026 (one day after the transaction); appears to be timely.
• Shares owned after the transaction: not specified in the Form 4 filing.

Context This was a tax-withholding event (transaction code F) tied to restricted stock vesting — effectively a cashless withholding where some vested shares are surrendered to pay taxes. Such transactions are common and routine for executives and do not, by themselves, indicate a change in the insider’s view of the company.