Mark Borrecco, the Executive Vice President of Banner Bank, has reported a transaction involving the relinquishment of 166 shares of common stock. This transaction, filed on November 2, 2026, is significant as it highlights ongoing trends in executive compensation within the banking industry.

According to the filing, the shares were relinquished to cover tax obligations related to the vesting of 513 shares of restricted stock under the 2018 Omnibus Incentive Plan. The transaction took place on October 30, 2026, at a market price of $69.11 per share.

Background

Borrecos's filing is associated with Banner Corp, a company categorized under the SIC description of State Commercial Banks. Banner Corp is listed under the ticker symbol BANR and is incorporated in Washington. The company operates primarily in the finance sector, providing various banking services.

What the Filing Says

"Shares relinquished to cover tax obligations on vesting of 513 shares of restricted stock pursuant to 2018 Omnibus Incentive Plan."

Impact

This transaction may affect shareholders and stakeholders of Banner Bank, as it reflects the company's approach to executive compensation and governance. Transparency in such transactions is essential for maintaining investor confidence and adhering to regulatory standards.

What's Next

The filing does not say what happens next.