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AI brief of an SEC Form 8-K · Banner (BANR)

Banner Corp grants COO James Costa $300,000 restricted stock unit award

Neutral Impact 2 of 5 leadership Written later

Banner Corporation's Board of Directors granted its Chief Operating Officer and Chief Risk Officer James M. Costa a restricted stock unit award valued at $300,000, effective August 1, 2025, after performance criteria tied to his May 2024 promotion were met in May 2025. The award vests in three equal annual installments, so it gives Mr. Costa a longer-term stake in the company.

Key points

  • Board approved the $300,000 restricted stock unit award on July 22, 2025, effective August 1, 2025
  • Mr. Costa was promoted to Chief Operating Officer of Banner Bank in May 2024 and also holds the Chief Risk Officer role
  • Award vests one-third each on the first three anniversaries of the grant date
  • Criteria for the award were achieved in May 2025

The filing

CompanyBanner (BANR)
Form8-K, current report
Filed with the SECAug 4, 2025, 5:57 PM ET
Accession number0000946673-25-000057

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.