Larsen Kenneth A 4

What Happened

• Kenneth A. Larsen, Executive Vice President of Banner Bank (Banner Corp, ticker BANR), had 422 restricted shares vest on April 2, 2026. To cover tax obligations on that vesting, 103 shares were relinquished (withheld) at a market price of $60.86 per share, representing $6,269 of value. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: April 2, 2026; filing date: April 3, 2026 (timely).
• Withheld/disposed: 103 shares at $60.86 per share; total value reported $6,269.
• Vesting: 422 restricted shares vested; 103 were withheld for taxes, leaving a net 319 shares added to the insider’s account from the vesting.
• Holdings: Filing notes ownership includes 3,011 shares held through a Deferred Compensation Plan and 225 shares held in an IRA.
• Footnotes: F1 — shares relinquished to cover tax obligations on vesting under the 2018 Omnibus Incentive Plan; F2 — market price on April 2, 2026; F3 — breakdown of holdings by plan.
• Filing timeliness: No late filing indicated.

Context

• This is a routine tax-withholding event related to restricted stock vesting (code F). It should not be interpreted as an open-market sale or a directional buy/sell signal by the insider.