Banner Corp (BANR) EVP Reed James T Jr Relinquishes 118 Shares

What Happened

• Reed James T Jr, Executive Vice President of Banner Corp (BANR), relinquished (disposed) 118 shares at $60.86 per share on April 2, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock. The 118 shares were withheld in lieu of a cash tax payment, with a reported value of $7,181.

Key Details

• Transaction date and price: April 2, 2026 — 118 shares at $60.86 (market price reported for that date).
• Transaction code: F (shares relinquished to cover tax obligations on vesting).
• Reason: Tax withholding for the vesting of 484 restricted shares under the 2018 Omnibus Incentive Plan (footnote).
• Shares owned after transaction: filing notes direct ownership of 825 shares held through an IRA (per footnote).
• Filing timeliness: Form 4 filed April 3, 2026 for a April 2, 2026 transaction — appears timely (Form 4 is due within two business days).

Context

• This was a tax-withholding/cashless surrender related to restricted stock vesting, not an open-market sale or purchase. Such withholding transactions are routine and typically reflect tax mechanics rather than a change in the insider’s view of the company.