Banner Corp director granted 1,259 RSUs

O'Reilly Monica Bernadette reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

O'Reilly Monica Bernadette reported acquisition or exercise transactions in this Form 4 filing.

Banner Corp director Monica O'Reilly received an equity award of 1,259 shares of common stock, reported as a grant under a 2023 Omnibus Incentive Plan. The award is in the form of restricted stock units, each representing one share of common stock upon vesting.

The units vest fully on May 19, 2027, meaning O'Reilly must remain eligible through that date to receive the underlying shares. The filing notes the closing trading price of the common stock on the grant date was $62.89 per share. After this grant, she directly holds 1,259 shares, reflecting a routine compensation-related award rather than an open-market purchase.

Insider Trade Summary

Grant/Award: 1,259 shares

Grant/Award 1 txn

Insider O'Reilly Monica Bernadette

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, $0.01 par value per share	1,259	$62.89	$79K

Holdings After Transaction: Common Stock, $0.01 par value per share — 1,259 shares (Direct)

Footnotes (2)

1. F1. 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. F2. The closing trading price of the common stock on the date of the grant was $62.89.

Key Figures

RSU grant size: 1,259 shares Grant reference price: $62.89 per share Post-grant holdings: 1,259 shares +1 more

4 metrics

RSU grant size 1,259 shares Restricted stock units granted to director on equity award

Grant reference price $62.89 per share Closing trading price of common stock on grant date

Post-grant holdings 1,259 shares Total shares directly held following the transaction

Vesting date May 19, 2027 Date when all restricted stock units vest fully

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"

restricted stock unit financial

"Each restricted stock unit represents the right to receive one share"

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"

grant, award, or other acquisition financial

"transaction code description: Grant, award, or other acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Banner Corp (BANR) report for Monica O'Reilly?

Banner Corp reported that director Monica O'Reilly received a grant of 1,259 restricted stock units. Each unit represents one share of common stock, awarded as equity compensation rather than through an open-market purchase.

How many shares are included in Monica O'Reilly’s Banner Corp stock award?

The award to Monica O'Reilly covers 1,259 restricted stock units. Each unit corresponds to one share of Banner Corp common stock, giving her rights to 1,259 shares upon vesting under the company’s incentive plan.

When do Monica O'Reilly’s Banner Corp restricted stock units vest?

The restricted stock units granted to Monica O'Reilly vest fully on May 19, 2027. She will receive one share of Banner Corp common stock for each unit that vests on that date, subject to the plan’s conditions.

What price was used for Monica O'Reilly’s Banner Corp stock grant valuation?

The filing states the closing trading price of Banner Corp common stock on the grant date was $62.89 per share. This price provides a reference value for the 1,259-share restricted stock unit award disclosed.

Is Monica O'Reilly’s Banner Corp Form 4 transaction a market purchase or a grant?

The Form 4 shows a grant or award acquisition, not a market purchase. Monica O'Reilly received 1,259 restricted stock units as compensation under a 2023 Omnibus Incentive Plan, rather than buying shares in the open market.

How many Banner Corp shares does Monica O'Reilly hold after this grant?

After this transaction, Monica O'Reilly directly holds 1,259 shares linked to the restricted stock unit award. These shares are deliverable upon vesting on May 19, 2027, consistent with the terms of Banner Corp’s incentive plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/02/2026 - 02:32 PM EDT Learn about SEC filing dates

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^*

O'Reilly Monica Bernadette

(Last) (First) (Middle)

10 S. 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		1,259(1)	A	$62.89(2)	1,259	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. O'Reilly	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)