Mark C. Borrecco - 01 Nov 2024 Form 4 Insider Report for BANNER CORP (BANR)

Role
Executive VP, Banner Bank
Signature
/s/ Mark C. Borrecco
Issuer symbol
BANR
Transactions as of
01 Nov 2024
Net transactions value
+$299,903
Form type
4
Filing time
04 Nov 2024, 12:48:12 UTC
Previous filing
12 Sep 2024
Next filing
02 Apr 2025
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 $199,957 +3,081 $64.90 3,081 01 Nov 2024 Direct F1, F2
transaction BANR Common Stock, $0.01 par value per share Award $99,946 +1,540 +50% $64.90 4,621 01 Nov 2024 Direct F2, F3
* 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 fully vest over a one-year period beginning on November 1, 2024 and ending on the first 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 November 1, 2024.
F3 Represents award pursuant to 2018 Omnibus Incentive Plan; shares vest ratably over a three-year period beginning on November 1, 2024 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.