Pedersen John Clarence 4

What Happened
John Clarence Pedersen, a director of Banner Corp (BANR), was granted 1,240 restricted stock units (RSUs) on 2026-06-01. The grant is recorded at $62.89 per share, with a total grant value of $77,984. This was an award (code A) under the company’s 2023 Omnibus Incentive Plan and is not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-01; filing date: 2026-06-02 (timely filing).
• Grant amount and price: 1,240 RSUs @ $62.89 each = $77,984. (F2 notes $62.89 was the closing price that day.)
• Vesting: RSUs vest fully on May 19, 2027 (per footnote F1). Each RSU converts to one share upon vesting.
• Plan: Award made under the 2023 Omnibus Incentive Plan (footnote F1).
• Shares owned after transaction: not disclosed in this filing.
• Transaction type: Award/grant of RSUs (not an immediate purchase or sale).

Context
RSUs are a form of deferred equity compensation: Pedersen does not receive shares until the RSUs vest on the specified date. Because this is an award, it represents compensation rather than a market buy or sell and should not be interpreted as an immediate buy signal or sale pressure.