BOYER ELLEN RM 4

What Happened
Ellen Boyer, a director of Banner Corp (BANR), was granted 1,123 restricted shares on 2026-06-01 at a reported closing price of $62.89 per share, a grant value of approximately $70,625. This was an award of restricted stock (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-06-01; 1,123 shares at $62.89 (closing price on grant date).
• Total value: ~ $70,625 (1,123 × $62.89).
• Shares owned after transaction: Not specified in the filing.
• Grant terms: Awarded under the 2023 Omnibus Incentive Plan; shares vest in full on May 19, 2027 and are subject to forfeiture and transfer restrictions until vesting (footnote).
• Filing timeliness: Reported on 2026-06-02 for the 2026-06-01 grant (filed timely).

Context
Restricted stock awards are a common form of director compensation and vest over time; they do not represent an immediate cash purchase or sale and are subject to forfeiture until vested. This grant signals compensation alignment with shareholders but should not be interpreted as a short-term market sentiment signal.