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Director at Banner Corp (BANR) granted 1,240 restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Banner Corp director John Clarence Pedersen reported an equity award of 1,240 shares of common stock. The filing shows this as a grant under the 2023 Omnibus Incentive Plan, not an open-market purchase.

The award consists of restricted stock units that each convert into one common share when they vest fully on May 19, 2027. After this grant, Pedersen holds a total of 9,073 common shares directly.

Positive

  • None.

Negative

  • None.
Insider Pedersen John Clarence
Role null
Type Security Shares Price Value
Grant/Award Common Stock, $0.01 par value per share 1,240 $62.89 $78K
Holdings After Transaction: Common Stock, $0.01 par value per share — 9,073 shares (Direct, null)
Footnotes (1)
  1. Represents award pursuant to 2023 Omnibus Incentive Plan; shares vest fully on May 19, 2027. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting. The closing trading price of the common stock on the date of the grant was $62.89.
Restricted stock units granted 1,240 shares Equity award to director John Clarence Pedersen
Grant-date share price $62.89 per share Closing trading price on grant date
Shares held after grant 9,073 shares Direct common stock holdings post-transaction
Vesting date May 19, 2027 Restricted stock units vest fully on this date
2023 Omnibus Incentive Plan financial
"Represents award pursuant to 2023 Omnibus Incentive Plan; shares vest fully on May 19, 2027."
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.
closing trading price financial
"The closing trading price of the common stock on the date of the grant was $62.89."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Pedersen John Clarence
(Last)(First)(Middle)
10 SOUTH FIRST AVE
(Street)
WALLA WALLA WASHINGTON 99362
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
BANNER CORP [ BANR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock, $0.01 par value per share06/01/2026A1,240(1)A$62.89(2)9,073D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents award pursuant to 2023 Omnibus Incentive Plan; shares vest fully on May 19, 2027. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting.
2. The closing trading price of the common stock on the date of the grant was $62.89.
/s/ Richard C. Arnold, attorney-in-fact for Mr. Pedersen06/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Banner Corp (BANR) director John Clarence Pedersen report on this Form 4?

John Clarence Pedersen reported receiving 1,240 restricted stock units of Banner Corp common stock as an equity award. The grant was made under the 2023 Omnibus Incentive Plan, rather than through an open-market stock purchase or sale.

At what price were John Clarence Pedersen’s Banner Corp units valued on the grant date?

The restricted stock units were valued at a closing trading price of $62.89 per share on the grant date. This represents the market price of Banner Corp’s common stock on that day, as referenced in the Form 4 footnotes.

When do John Clarence Pedersen’s 1,240 Banner Corp restricted stock units vest?

The 1,240 restricted stock units vest fully on May 19, 2027. Once vested, each unit entitles Pedersen to receive one share of Banner Corp common stock, subject to the terms of the 2023 Omnibus Incentive Plan.

How many Banner Corp shares does John Clarence Pedersen own after this Form 4 transaction?

Following the award, John Clarence Pedersen holds 9,073 shares of Banner Corp common stock directly. This total reflects his position after the 1,240-share restricted stock unit grant reported in the Form 4 filing.

Is John Clarence Pedersen’s Banner Corp Form 4 transaction a stock purchase or sale?

The Form 4 shows an equity grant, not a market trade. Pedersen acquired 1,240 restricted stock units as a compensation award; there was no open-market buying or selling of Banner Corp shares in this transaction.