Nixon Torran B 4
Accession 0000887343-26-000015
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 6:08 PM ET
Size
355.2 KB
Accession
0000887343-26-000015
Research Summary
AI-generated summary of this filing
Columbia Banking (COLB) SVP Nixon Torran Forfeits & Withholds Shares
What Happened
Nixon Torran B, Senior Executive Vice President of Columbia Banking System, Inc. (COLB), reported two dispositions on Jan 20, 2026: 1,717 shares were forfeited (reported at $0) and 3,873 shares were withheld to cover tax withholding at $28.35 per share, valued at $109,800. These were not open-market sales—they relate to performance-based restricted stock units (PRSUs) and withholding for tax obligations.
Key Details
- Transaction dates: January 20, 2026 (reported on Form 4 filed Jan 22, 2026).
- Forfeiture: 1,717 shares disposed to issuer at $0.00 (per footnote F1 — PRSUs forfeited due to performance target not met).
- Tax withholding: 3,873 shares disposed/withheld at $28.35 each, total ~$109,800 (footnote F2 — shares withheld to satisfy tax withholding upon vesting).
- Shares owned after transaction: Not specified in this Form 4.
- Filing timeliness: Reported on Jan 22 for transactions on Jan 20 (no late filing indicated).
- Transaction codes: D = disposition to issuer (forfeiture); F = withholding to satisfy tax liability.
Context
These actions reflect equity award administration (forfeiture of PRSUs and share withholding for taxes), not an open-market sale or a purchase. For retail investors, withholding/forfeiture events are routine accounting/tax mechanics tied to equity awards and do not necessarily signal insider sentiment about the company.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-01-20−1,717→ 103,152 total - Tax Payment
Common Stock
[F2]2026-01-20$28.35/sh−3,873$109,800→ 99,279 total
- 3,650(indirect: By Trust)
Common Stock
- 1,855(indirect: By 401(k))
Common Stock
Footnotes (2)
- [F1]Shares forfeited pursuant to the terms of the performance restricted stock units granted on February 21, 2023 and reported on the reporting person's Form 4 filed on February 21, 2023 (in accordance with Rule 16b-3(e)) due to the issuer's total shareholder return performance target not being met at target
- [F2]Represents withholding of shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the vesting of previously issued restricted stock units.
Signature
Issuer
COLUMBIA BANKING SYSTEM, INC.
CIK 0000887343
Related Parties
1- filerCIK 0001689701
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 6:08 PM ET
- Size
- 355.2 KB