Nixon Torran B 4
4 · COLUMBIA BANKING SYSTEM, INC. · Filed Jan 22, 2026
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.