Margot Copeland awarded 1,007 Banner Corp (BANR) shares in equity grant

Rhea-AI Filing Summary

Banner Corp director Margot Copeland received a stock award that increases her ownership stake. She acquired 1,007 shares of common stock as a grant under the 2023 Omnibus Incentive Plan at a reference price of $62.89 per share. Following this award, she directly holds 5,773 shares of Banner Corp common stock. The award is in the form of restricted stock units that vest fully on May 19, 2027, meaning the shares are delivered only if she remains eligible through that date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Copeland Margot

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, $0.01 par value per share	1,007	$62.89	$63K

Holdings After Transaction: Common Stock, $0.01 par value per share — 5,773 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.

Key Figures

Shares granted: 1,007 shares Reference share price: $62.89 per share Shares held after grant: 5,773 shares +1 more

4 metrics

Shares granted 1,007 shares Grant of common stock under 2023 Omnibus Incentive Plan

Reference share price $62.89 per share Closing trading price on grant date

Shares held after grant 5,773 shares Total direct ownership following transaction

Vesting date May 19, 2027 Restricted stock units fully vest on this date

Key Terms

2023 Omnibus Incentive Plan, restricted stock unit, closing trading price, grant, award, or other acquisition

4 terms

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."

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

Copeland Margot

(Last) (First) (Middle)

10 SOUTH FIRST AVENUE

(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)

X	Director		10% 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)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.01 par value per share	06/01/2026		A		1,007(1)	A	$62.89(2)	5,773	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 Ms. Copeland	06/02/2026
	** Signature of Reporting Person	Date
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)

FAQ

What did Banner Corp (BANR) director Margot Copeland report on this Form 4?

Margot Copeland reported receiving a grant of 1,007 shares of Banner Corp common stock. The award was made under the 2023 Omnibus Incentive Plan and reflects equity-based compensation rather than an open-market purchase or sale.

Was the Banner Corp (BANR) transaction a purchase or a compensation award?

The transaction is a compensation-related award, not an open-market purchase. Copeland received 1,007 shares as a grant under the 2023 Omnibus Incentive Plan, classified as a grant, award, or other acquisition on the Form 4.

What is the value reference for Margot Copeland’s 1,007-share award in Banner Corp (BANR)?

The award references a closing trading price of $62.89 per share on the grant date. This price, disclosed in the filing footnote, provides a market-based indication of the award’s dollar value at the time it was granted.

How many Banner Corp (BANR) shares does Margot Copeland hold after this award?

After the grant, Copeland directly holds 5,773 shares of Banner Corp common stock. This total includes the newly awarded 1,007 shares reported in the filing, reflecting her updated direct ownership position following the compensation grant.

When do Margot Copeland’s restricted stock units in Banner Corp (BANR) vest?

The restricted stock units vest fully on May 19, 2027. Each unit represents the right to receive one share of Banner Corp common stock upon vesting, assuming continued eligibility through that vesting date as described in the filing footnote.