Banner Corp (BANR) EVP relinquishes shares to cover tax on stock vesting
Rhea-AI Filing Summary
Banner Corp Executive VP James M. Costa reported a tax-related share disposition. On July 31, 2026, 386 shares of common stock were relinquished at $69.87 per share to cover tax obligations arising from the vesting of 1,548 restricted shares under the 2023 Omnibus Incentive Plan. Following this withholding, Costa directly holds 42,467 shares of Banner Corp common stock.
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Insider Trade Summary
Net Seller: 386 shares
Net Sell
1 txn
Insider
Costa James M
Role
Executive VP, Banner Bank
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $0.01 par value per share F1, F2 | 386 | $69.87 | $27K |
Holdings After Transaction:
Common Stock, $0.01 par value per share — 42,467 shares (Direct)
Footnotes (2)
- F1. Shares relinquished to cover tax obligations on vesting of 1,548 shares of restricted stock pursuant to the 2023 Omnibus Incentive Plan.
- F2. Market price on July 31, 2026.
Key Figures
Shares relinquished for taxes: 386 shares
Tax-withholding price: $69.87 per share
Shares after transaction: 42,467 shares
+2 more
5 metrics
Shares relinquished for taxes
386 shares
Tax-withholding disposition on July 31, 2026
Tax-withholding price
$69.87 per share
Market price on July 31, 2026 for the 386 shares
Shares after transaction
42,467 shares
Direct holdings of James M. Costa following the disposition
Restricted shares vested
1,548 shares
Restricted stock vesting under the 2023 Omnibus Incentive Plan
Transaction date
July 31, 2026
Date of tax-withholding disposition
Key Terms
restricted stock, 2023 Omnibus Incentive Plan, tax obligations, tax-withholding disposition
4 terms
restricted stock financial
"vesting of 1,548 shares of restricted stock pursuant to the 2023"
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.
2023 Omnibus Incentive Plan financial
"restricted stock pursuant to the 2023 Omnibus Incentive Plan"
tax obligations financial
"Shares relinquished to cover tax obligations on vesting of 1,548"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did James M. Costa report at BANR?
James M. Costa, Executive VP of Banner Bank, reported 386 shares of Banner Corp common stock relinquished for taxes. The shares were withheld on July 31, 2026, tied to restricted stock vesting under the company’s 2023 Omnibus Incentive Plan.
What event triggered the tax withholding in the BANR Form 4 filing?
The tax withholding was triggered by the vesting of 1,548 restricted shares of Banner Corp stock. To cover related tax obligations, 386 shares were relinquished, consistent with the company’s 2023 Omnibus Incentive Plan terms.
Is the BANR insider transaction a market sale or tax withholding?
The reported activity is a tax-withholding disposition, not an open-market sale. Shares were relinquished to satisfy tax obligations arising from the vesting of 1,548 restricted shares under Banner Corp’s 2023 Omnibus Incentive Plan.