Banner Corp director receives 1,007-share stock award

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.

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.

Insider Trade Summary

Grant/Award: 1,007 shares

Grant/Award 1 txn

Insider Walsh Paul J.

Role Director

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)

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

Stock award size: 1,007 shares Grant valuation price: $62.89 per share Post-transaction holdings: 5,773 shares +1 more

4 metrics

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

Key Terms

2023 Omnibus Incentive Plan, restricted stock unit, Common Stock, $0.01 par value per share

3 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.

Common Stock, $0.01 par value per share financial

"Common Stock, $0.01 par value per share"

FAQ

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

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.

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

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Accepted by SEC EDGAR 06/02/2026 - 03:06 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^*

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)

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 Mr. Walsh	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)