M. Kirk Quillin - 01 Apr 2025 Form 4 Insider Report for BANNER CORP (BANR)

Signature
/s/ M. Kirk Quillin
Issuer symbol
BANR
Transactions as of
01 Apr 2025
Net transactions value
+$256,518
Form type
4
Filing time
02 Apr 2025, 18:31:49 UTC
Previous filing
01 Apr 2025
Next filing
04 Apr 2025

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 Tax liability $11,897 -187 -0.56% $63.62 32,996 01 Apr 2025 Direct F1, F2, F3
transaction BANR Common Stock, $0.01 par value per share Award $107,378 +1,691 +5.1% $63.50 34,687 01 Apr 2025 Direct F3, F4, F5
transaction BANR Common Stock, $0.01 par value per share Award $161,036 +2,536 +7.3% $63.50 37,223 01 Apr 2025 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares relinquished to cover tax obligations on vesting of 764 performance shares pursuant to 2018 Omnibus Incentive Plan.
F2 Market price on April 1, 2025.
F3 Includes direct ownership of 2,000 shares through a 401(k) rollover account and 444 shares through 401(k) Plan.
F4 Represents award pursuant to 2018 Omnibus Incentive Plan; shares vest ratably over a three-year period beginning on April 1, 2025 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.
F5 Closing price on April 1, 2025.
F6 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, 2025 and ends on December 31, 2027. 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.