JOHNSON KENNETH WILLIAM 4

4 · BANNER CORP · Filed Mar 29, 2021

Form 4

Period: 2021-03-26

Executive VP, Banner Bank

Transactions

Award
Common Stock, $0.01 par value per share
2021-03-26$55.96/sh+1,779$99,553→ 24,071 total
Tax Payment
Common Stock, $0.01 par value per share
2021-03-26$55.25/sh−128$7,072→ 23,943 total
Award
Common Stock, $0.01 par value per share
2021-03-26$55.96/sh+1,186$66,369→ 22,292 total

Footnotes (5)

[F1]Represents award pursuant to 2018 Omnibus Incentive Plan; shares vest ratably over a three-year period beginning on March 26, 2021 and ending on the third anniversary thereof. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting. These restricted stock units are subject to forfeiture and to limits on transferability until they vest.
[F2]Closing price on March 26, 2021.
[F3]Represents award pursuant to 2018 Omnibus Incentive Plan and is subject to the achievement of specified corporate and individual performance goals over a period that began on January 1, 2021 and ends on December 31, 2023. The extent to which the award vests, if at all, depends on the extent to which the performance goals are satisfied. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting. These restricted stock units are subject to forfeiture and to limits on transferability until they vest.
[F4]Shares relinquished to cover tax obligations on vesting of 542 shares of restricted stock pursuant to 2018 Omnibus Incentive Plan.
[F5]Market price on March 26, 2021.

Documents

1 file