Banner Corp (NASDAQ: BANR) director awarded 1,123 restricted stock units

Rhea-AI Filing Summary

Collingsworth Connie R reported acquisition or exercise transactions in this Form 4 filing.

Banner Corp director Connie R. Collingsworth received an award of 1,123 shares of common stock, reflected as a grant under the company’s 2023 Omnibus Incentive Plan. The award is in the form of restricted stock units, each representing one share of common stock.

The units vest fully on May 19, 2027, after which the shares become deliverable. The grant was valued using the closing trading price of $62.89 per share on the grant date, and her direct holdings increased to 14,327 shares of Banner Corp common stock following this award.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Collingsworth Connie R

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, $0.01 par value per share	1,123	$62.89	$71K

Holdings After Transaction: Common Stock, $0.01 par value per share — 14,327 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.

Key Figures

RSU grant size: 1,123 shares Grant valuation price: $62.89 per share Holdings after transaction: 14,327 shares +1 more

4 metrics

RSU grant size 1,123 shares Restricted stock unit award to director on grant date

Grant valuation price $62.89 per share Closing trading price on grant date used for award

Holdings after transaction 14,327 shares Director’s direct common stock holdings after the award

Vesting date May 19, 2027 Date when the 1,123 restricted stock units fully vest

Key Terms

2023 Omnibus Incentive Plan, restricted stock unit, vesting, closing trading price

4 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.

vesting financial

"shares vest fully on May 19, 2027. Each restricted stock unit represents the right to receive one share"

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.

closing trading price financial

"The closing trading price of the common stock on the date of the grant was $62.89."

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

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^*

Collingsworth Connie R

(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		1,123(1)	A	$62.89(1)(2)	14,327	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. Collingsworth	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)

FAQ

What insider transaction did Banner Corp (BANR) report for Connie R. Collingsworth?

Banner Corp reported a stock grant to director Connie R. Collingsworth. She received 1,123 restricted stock units of common stock under the 2023 Omnibus Incentive Plan, increasing her direct holdings to 14,327 shares after the award.

How many Banner Corp (BANR) shares were granted to Connie R. Collingsworth?

Connie R. Collingsworth was granted 1,123 shares of Banner Corp common stock in the form of restricted stock units. Each unit represents one share of common stock deliverable upon vesting, under the company’s 2023 Omnibus Incentive Plan.

When do Connie R. Collingsworth’s Banner Corp (BANR) restricted stock units vest?

The restricted stock units vest on May 19, 2027. On that date, the 1,123 units awarded under the 2023 Omnibus Incentive Plan are scheduled to fully vest, and each vested unit entitles her to receive one share of common stock.

At what price was the Banner Corp (BANR) stock grant to Connie R. Collingsworth valued?

The grant was valued at $62.89 per share, which was the closing trading price of Banner Corp common stock on the grant date. This price is used to measure the fair value of the 1,123 restricted stock units awarded.

What are Connie R. Collingsworth’s Banner Corp (BANR) holdings after this Form 4 transaction?

After the grant, she directly holds 14,327 shares of Banner Corp common stock. This total includes the newly awarded 1,123 restricted stock units that will convert into shares upon vesting, assuming the vesting conditions are satisfied.