Karen Harrison - Aug 1, 2023 Form 4 Insider Report for BANNER CORP (BANR)

Role: Executive VP, Banner Bank
Signature: /s/ Karen Harrison
Stock symbol: BANR
Transactions as of: Aug 1, 2023
Transactions value $: $40,711
Form type: 4
Date filed: 8/2/2023, 11:46 AM
Previous filing: Jul 5, 2023
Next filing: Apr 2, 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	$40.7K	+856	+57.92%	$47.56	2.33K	Aug 1, 2023	Direct	F1

* 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 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.

Content

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.