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Banner Corp EVP relinquishes 166 shares for taxes

The shares were relinquished to cover tax obligations on vesting of 513 restricted shares pursuant to the 2018 Omnibus Incentive Plan.

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Form Type
4

Rhea-AI Filing Summary

Mark Charles Borrecco reported disposition transactions in this Form 4 filing. Banner Corp (BANR) Executive VP, Banner Bank Mark Charles Borrecco reported that 166 shares were relinquished to cover tax obligations on vesting of 513 shares of restricted stock pursuant to the 2018 Omnibus Incentive Plan on October 30, 2026. The reported market price was $69.11 per share, and he held 20,533 shares directly following the transaction.

Insider BORRECCO MARK CHARLES
Role Executive VP, Banner Bank
Type Security Shares Price Value
Tax Withholding Common Stock, $0.01 par value per share F1, F2 166 $69.11 $11K
Holdings After Transaction: Common Stock, $0.01 par value per share — 20,533 shares (Direct)
Footnotes (2)
  1. F1. Shares relinquished to cover tax obligations on vesting of 513 shares of restricted stock pursuant to 2018 Omnibus Incentive Plan
  2. F2. Market price on October 30, 2026.
Shares relinquished for tax obligations 166 shares October 30, 2026
Market price per share $69.11 per share October 30, 2026
Restricted stock vesting 513 shares 2018 Omnibus Incentive Plan
Direct shares held following transaction 20,533 shares Following the October 30, 2026 transaction
restricted stock financial
"vesting of 513 shares of restricted stock"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vesting financial
"on vesting of 513 shares"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
2018 Omnibus Incentive Plan financial
"pursuant to the 2018 Omnibus Incentive Plan"

FAQ

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

How many BANR shares did Mark Charles Borrecco relinquish, and at what price?

He relinquished 166 shares to cover tax obligations, at a reported market price of $69.11 per share, on October 30, 2026. The shares covered tax obligations on vesting of 513 shares of restricted stock pursuant to the 2018 Omnibus Incentive Plan.

How many BANR shares did Mark Charles Borrecco hold after the transaction?

He held 20,533 shares directly following the transaction.

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

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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*
BORRECCO MARK CHARLES

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Executive VP, Banner Bank
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
10/30/2026
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 share10/30/2026F166(1)D$69.11(2)20,533D
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. Shares relinquished to cover tax obligations on vesting of 513 shares of restricted stock pursuant to 2018 Omnibus Incentive Plan
2. Market price on October 30, 2026.
/s/ Mark C. Borrecco11/02/2026
** 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)

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