Banner Corp grants stock units to EVP Krug
Banner Corp Executive VP Jennifer Jane Krug received multiple stock awards and had shares withheld for taxes.
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Form Type
4
Rhea-AI Filing Summary
Banner Corp Executive VP Jennifer Jane Krug received multiple stock awards and had shares withheld for taxes. On April 1, 2026 she was granted 1,059, 1,588 and 840 restricted stock units at $61.40, with vesting over one year, three years, or based on 2026–2028 performance goals. Separately, 176 and 83 shares were relinquished at about $61.34 to cover tax obligations on vesting of earlier restricted stock, leaving her with 10,651 common shares held directly.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Krug Jennifer Jane
Role
Executive VP, Banner Bank
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.01 par value per share | 1,059 | $61.40 | $65K |
| Grant/Award | Common Stock, $0.01 par value per share | 1,588 | $61.40 | $98K |
| Grant/Award | Common Stock, $0.01 par value per share | 840 | $61.40 | $52K |
| Exercise Price or Tax Liability | Common Stock, $0.01 par value per share | 176 | $61.34 | $11K |
| Exercise Price or Tax Liability | Common Stock, $0.01 par value per share | 83 | $61.34 | $5K |
Holdings After Transaction:
Common Stock, $0.01 par value per share — 10,651 shares (Direct)
Footnotes (7)
- F1. Represents award pursuant to 2023 Omnibus Incentive Plan; shares vest ratably over a three-year period beginning on April 1, 2026 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 1, 2026.
- F3. Represents award pursuant to 2023 Omnibus Incentive Plan and is subject to the achievement of specified corporate and individual performance goals over a period that began on January 1, 2026 and ends on December 31, 2028. 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. Represents award pursuant to 2023 Omnibus Incentive Plan; shares vest over a one-year period beginning on April 1, 2026 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.
- F5. Shares relinquished to cover tax obligations on vesting of 653 shares of restricted stock pursuant to 2018 Omnibus Incentive Plan.
- F6. Market price on April 1, 2026.
- F7. Shares relinquished to cover tax obligations on vesting of 340 shares of restricted stock pursuant to 2018 Omnibus Incentive Plan.
Key Figures
Time-based RSU grant: 1,059 shares at $61.40
Performance-based RSU grant: 1,588 shares at $61.40
One-year RSU grant: 840 shares at $61.40
+2 more
5 metrics
Time-based RSU grant
1,059 shares at $61.40
Restricted stock units vesting ratably over three years beginning April 1, 2026
Performance-based RSU grant
1,588 shares at $61.40
Award under 2023 Omnibus Incentive Plan tied to 2026–2028 performance goals
One-year RSU grant
840 shares at $61.40
Restricted stock units vesting over one year from April 1, 2026
Tax-withholding shares
176 and 83 shares at $61.34
Shares relinquished to cover tax on vesting of 653 and 340 restricted shares
Post-transaction holdings
10,651 shares
Common stock held directly by Jennifer Krug after April 1, 2026 transactions
Key Terms
restricted stock unit, 2023 Omnibus Incentive Plan, performance goals, tax obligations, +1 more
5 terms
restricted stock unit financial
"Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
2023 Omnibus Incentive Plan financial
"Represents award pursuant to 2023 Omnibus Incentive Plan; shares vest ratably over a three-year period..."
performance goals financial
"subject to the achievement of specified corporate and individual performance goals over a period that began on January 1, 2026..."
Performance goals are specific, measurable targets a company sets for financial results, operational milestones, or individual roles—examples include revenue, profit, production levels, or completion of a project. They matter to investors because meeting or missing these targets influences management pay, future forecasts, deal-related payments and market confidence; think of them as a scoreboard that helps outsiders judge whether the business is performing as promised.
tax obligations financial
"Shares relinquished to cover tax obligations on vesting of 653 shares of restricted stock..."
Omnibus Incentive Plan financial
"pursuant to 2018 Omnibus Incentive Plan."
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did BANR executive Jennifer Krug report?
Executive VP Jennifer Krug reported stock-based compensation grants and related tax-withholding transactions. She received several restricted stock unit awards and had a small number of shares relinquished to cover taxes on previously vested restricted stock, with no open-market buying or selling disclosed.
What are the vesting terms of Jennifer Krug’s new BANR restricted stock units?
Krug’s awards include units vesting ratably over three years from April 1, 2026, units vesting over one year from the same date, and performance-based units tied to corporate and individual goals measured from January 1, 2026 through December 31, 2028, all subject to forfeiture until vesting conditions are met.
Which incentive plans govern Jennifer Krug’s BANR stock awards and tax withholding?
The newly granted restricted stock units are issued under Banner Corp’s 2023 Omnibus Incentive Plan, with varying vesting schedules and performance conditions. The tax-withholding share relinquishments relate to vesting of restricted stock granted under the company’s earlier 2018 Omnibus Incentive Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
