Layman John R 4

What Happened John R. Layman, a director of Banner Corp (BANR), received a grant of 1,007 restricted shares on June 1, 2026. The shares were valued at $62.89 each for a total grant value of $63,330. This transaction is an award/acquisition (grant of restricted stock), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-02 (reporting period 2026-06-01).
• Transaction type/code: A — Award/Grant of restricted stock.
• Shares granted: 1,007 shares at $62.89 per share; total value $63,330 (closing price on grant date).
• Vesting and transferability: These are restricted shares under the 2023 Omnibus Incentive Plan and vest fully on May 19, 2027; they are subject to forfeiture and transfer restrictions until vesting (Footnote F1).
• Shares owned after grant: Includes 11,359 shares held directly through a Deferred Compensation Plan; combined holdings after this award total 12,366 shares (11,359 + 1,007) as disclosed (Footnote F3).
• No indication this filing was late.

Context This was a standard equity award under the company’s omnibus incentive plan. Restricted stock grants are a common form of director compensation and do not indicate an immediate cash realization — the shares remain subject to forfeiture and transfer limits until they vest.