secwatch.observer — SEC 8-K summary
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Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0000946673-25-000057
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud

Banner Corporation grants $300,000 restricted stock units to COO James M. Costa
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- James M. Costa promoted to Chief Operating Officer of Banner Bank in May 2024, in addition to his role as EVP and Chief Risk Officer.
- Compensatory arrangements disclosed in May 2024 included eligibility for up to $300,000 in restricted stock units, contingent on criteria achieved in May 2025.
- Banner Bank's Board granted $300,000 in restricted stock units to Costa on July 22, 2025, effective August 1, 2025.
- The award vests in three equal annual installments over three years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000094667325000057/0000946673-25-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000094667325000057/banr-20250801.htm
  HTML page:      https://secwatch.observer/filing/0000946673-25-000057

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