0001127602-21-012283.txt : 20210329 0001127602-21-012283.hdr.sgml : 20210329 20210329212006 ACCESSION NUMBER: 0001127602-21-012283 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210326 FILED AS OF DATE: 20210329 DATE AS OF CHANGE: 20210329 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Reed James T Jr CENTRAL INDEX KEY: 0001568808 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-26584 FILM NUMBER: 21783366 MAIL ADDRESS: STREET 1: 10 SOUTH FIRST AVENUE CITY: WALLA WALLA STATE: WA ZIP: 99362 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: BANNER CORP CENTRAL INDEX KEY: 0000946673 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 911691604 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 10 S FIRST AVENUE CITY: WALLA WALLA STATE: WA ZIP: 99362 BUSINESS PHONE: 5095273636 MAIL ADDRESS: STREET 1: 10 S FIRST AVENUE CITY: WALLA WALLA STATE: WA ZIP: 99362 FORMER COMPANY: FORMER CONFORMED NAME: FIRST WASHINGTON BANCORP INC /WA/ DATE OF NAME CHANGE: 19980727 FORMER COMPANY: FORMER CONFORMED NAME: FIRST SAVINGS BANK OF WASHINGTON BANCORP INC DATE OF NAME CHANGE: 19950614 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2021-03-26 0000946673 BANNER CORP BANR 0001568808 Reed James T Jr 10 SOUTH FIRST AVENUE WALLA WALLA WA 99362 1 Executive VP, Banner Bank Common Stock, $0.01 par value per share 2021-03-26 4 A 0 1338 55.96 A 21558 D Common Stock, $0.01 par value per share 2021-03-26 4 A 0 2007 55.96 A 23565 D Common Stock, $0.01 par value per share 2021-03-26 4 F 0 179 55.25 D 23386 D Represents award pursuant to 2018 Omnibus Incentive Plan; shares vest ratably over a three-year period beginning on March 26, 2021 and ending on the third anniversary thereof. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting. These restricted stock units are subject to forfeiture and to limits on transferability until they vest. Closing price on March 26, 2021. Includes direct ownership of 825 shares through IRA. Represents award pursuant to 2018 Omnibus Incentive Plan and is subject to the achievement of specified corporate and individual performance goals over a period that began on January 1, 2021 and ends on December 31, 2023. The extent to which the award vests, if at all, depends on the extent to which the performance goals are satisfied. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting. These restricted stock units are subject to forfeiture and to limits on transferability until they vest. Shares relinquished to cover tax obligations on vesting of 733 performance shares pursuant to 2018 Omnibus Incentive Plan. Market price on March 26, 2021. /s/ James T. Reed Jr. 2021-03-29