James P.g. McLean - 07 Mar 2023 Form 4 Insider Report for BANNER CORP (BANR)

Role
Executive VP, Banner Bank
Signature
/s/ James P.G. McLean
Issuer symbol
BANR
Transactions as of
07 Mar 2023
Net transactions value
+$126,066
Form type
4
Filing time
09 Mar 2023, 17:10:57 UTC
Previous filing
25 Aug 2022
Next filing
27 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BANR Common Stock, $0.01 par value per share Award $173,380 +2,796 +19% $62.01 17,166 07 Mar 2023 Direct F1, F2
transaction BANR Common Stock, $0.01 par value per share Tax liability $47,314 -763 -4.4% $62.01 16,403 07 Mar 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This award for 3,328 performance shares was originally reported on March 27, 2020 at the maximum performance criteria. This supplements that filing to note the actual number of shares that vested based on the performance results as determined by Banner Corporation's Compensation Committee.
F2 Market price on March 7, 2023.
F3 Shares relinquished to cover tax obligations on vesting of 2,796 shares of restricted stock pursuant to 2018 Omnibus Incentive Plan.