Nixon Torran B 4

What Happened Nixon Torran B, Senior Executive Vice President of Columbia Banking System (COLB), received 13,844 shares on February 2, 2026 as the vesting of performance-based restricted stock units (RSUs). The award is reported at $29.69 per share for a total value of $411,028. To satisfy tax withholding, 5,528 of those shares were withheld (disposed) at the same price, representing $164,126; the net shares delivered to the insider were 8,316.

Key Details

• Transaction date: February 2, 2026; filing date: February 4, 2026 (filed within the required 2 business days).
• Award: 13,844 shares granted/vested (Code A) at $29.69 — total ~$411,028.
• Tax withholding: 5,528 shares withheld/disposed (Code F) at $29.69 — ~$164,126.
• Net shares retained by insider: 8,316 (13,844 granted less 5,528 withheld).
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Footnotes: (1) Shares resulted from performance RSUs granted Feb 21, 2023 that vested based on Columbia’s relative return on tangible common equity for fiscal years 2023–2025 versus a peer group. (2) Withholding represents shares retained to satisfy tax obligations.

Context

• This was not an open-market purchase or sale: it was the vesting of performance RSUs (an award), with a routine tax-withholding disposition (cashless withholding).
• Such awards reflect compensation realization rather than an active buy/sell decision by the insider; they don’t necessarily signal a change in insider sentiment about the stock.