Banner Corp (BANR) EVP James M. Costa Surrenders 386 Shares for Taxes

What Happened

• James M. Costa, Executive Vice President of Banner Corp (BANR), relinquished 386 shares on July 31, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock. The shares were valued at $69.87 each, for a total of $26,970. This was a tax-withholding disposition (not an open-market sale or a purchase).

Key Details

• Transaction date and price: July 31, 2026 at $69.87 per share (market price per footnote).
• Shares surrendered: 386 shares; total value ≈ $26,970.
• Reason: Shares were relinquished to cover tax obligations on the vesting of 1,548 restricted shares under the 2023 Omnibus Incentive Plan (footnote F1).
• Filing: Form 4 filed August 3, 2026 (accession 0000946673-26-000165). The filing lists the market price per share as of July 31, 2026 (footnote F2). The filing does not indicate any 10b5-1 plan or other trading arrangement.
• Shares owned after transaction: not specified in the provided data.

Context

• This was a routine tax-withholding event tied to vesting of restricted stock. Relinquishing shares to cover taxes is administrative and does not necessarily indicate the insider is selling to realize a profit or expressing a change in view on the company.