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Banner Corp (BANR) director granted 1,007 restricted shares under incentive plan

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

Rhea-AI Filing Summary

Banner Corp director Paul J. Walsh reported receiving 1,007 shares of common stock as a grant under the company’s 2023 Omnibus Incentive Plan. The award is in the form of restricted stock units that each convert into one share upon vesting and will fully vest on May 19, 2027. After this award, Walsh directly holds 5,773 shares of Banner Corp common stock.

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Insider Walsh Paul J.
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.
Stock award size 1,007 shares Restricted stock unit grant to director Paul J. Walsh
Grant valuation price $62.89 per share Closing trading price on grant date
Post-transaction holdings 5,773 shares Common stock directly held by Paul J. Walsh after award
Vesting date May 19, 2027 Date when restricted stock units fully vest
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.
Common Stock, $0.01 par value per share financial
"Common Stock, $0.01 par value per share"
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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*
Walsh Paul J.
(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)
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 share06/01/2026A1,007(1)A$62.89(2)5,773D
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. Walsh06/02/2026
** 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 insider transaction did Banner Corp (BANR) report for Paul J. Walsh?

Banner Corp director Paul J. Walsh received 1,007 shares of common stock as a grant under the 2023 Omnibus Incentive Plan. The shares are structured as restricted stock units that convert into common stock once they vest.

Was the BANR insider transaction an open-market buy or a stock award?

The BANR insider transaction was a stock award, not an open-market purchase. Paul J. Walsh received 1,007 restricted stock units granted under Banner Corp’s 2023 Omnibus Incentive Plan as part of his equity-based compensation.

When do Paul J. Walsh’s restricted stock units in Banner Corp vest?

Paul J. Walsh’s restricted stock units in Banner Corp vest fully on May 19, 2027. At that time, each restricted stock unit converts into one share of the company’s common stock if the vesting conditions are satisfied.

What is Paul J. Walsh’s Banner Corp shareholding after this Form 4 transaction?

After this Form 4 transaction, Paul J. Walsh directly holds 5,773 shares of Banner Corp common stock. This figure includes the 1,007-share grant reported in the filing as part of his equity compensation award.

At what price was the Banner Corp stock award to Paul J. Walsh valued?

The Banner Corp stock award was valued using the closing trading price of $62.89 per share on the grant date. This price reflects the market value used to measure the 1,007-share restricted stock unit award for reporting purposes.