Cynthia D. Purcell - Mar 7, 2023 Form 4 Insider Report for BANNER CORP (BANR)

Role
Executive VP, Banner Bank
Signature
/s/ Cynthia D. Purcell
Stock symbol
BANR
Transactions as of
Mar 7, 2023
Transactions value $
$265,031
Form type
4
Date filed
3/9/2023, 05:16 PM
Previous filing
Apr 4, 2022
Next filing
Mar 27, 2023

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 $355K +5.73K +21.52% $62.01 32.4K Mar 7, 2023 Direct F1, F2, F3
transaction BANR Common Stock, $0.01 par value per share Tax liability -$90.4K -1.46K -4.5% $62.01 30.9K Mar 7, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This award for 6,825 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 Includes direct ownership of 4 shares through Deferred Compensation Plan 1,099 shares through 401(k) Plan.
F4 Shares relinquished to cover tax obligations on vesting of 1,458 performance shares pursuant to 2018 Omnibus Incentive Plan.