M. Kirk Quillin - Apr 3, 2023 Form 4 Insider Report for BANNER CORP (BANR)

Role
Executive VP, Banner Bank
Signature
/s/ M. Kirk Quillin
Stock symbol
BANR
Transactions as of
Apr 3, 2023
Transactions value $
$252,954
Form type
4
Date filed
4/5/2023, 04:24 PM
Previous filing
Apr 3, 2023
Next filing
Mar 4, 2024

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 $101K +1.88K +7.55% $53.82 26.8K Apr 3, 2023 Direct F1, F2
transaction BANR Common Stock, $0.01 par value per share Award $152K +2.82K +10.52% $53.82 29.6K Apr 3, 2023 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents award pursuant to 2018 Omnibus Incentive Plan; shares vest ratably over a three-year period beginning on April 3, 2023 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 April 3, 2023.
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, 2023 and ends on December 31, 2025. 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 Includes direct ownership of 2,000 shares through a 401(k) rollover account and 444 shares through 401(k) Plan.