OGNALL ANDREW H 4

What Happened

• Andrew H. Ognall, EVP & Chief Risk Officer of Columbia Banking System (COLB), received 4,510 shares as the vesting of performance-based restricted stock units on Feb 2, 2026 (4,510 shares × $29.69 = $133,902). Concurrently, 1,929 shares were withheld to satisfy tax-withholding obligations (1,929 × $29.69 = $57,272). The award (code A) and the withholding (code F) were reported on a Form 4 filed Feb 4, 2026.

Key Details

• Transaction date: 2026-02-02; Report filed: 2026-02-04 (timely filing).
• Price used for valuation: $29.69 per share for both the award and the withheld shares.
• Awarded shares: 4,510 (performance RSUs vested).
• Shares withheld for taxes: 1,929 (treated as a disposition to cover tax obligations).
• Shares owned after the transaction: not specified in the provided excerpt.
• Footnotes:
  • F1: These shares were granted under performance restricted stock units awarded Feb 21, 2023, which vested based on Columbia’s relative return on tangible common equity for fiscal years 2023–2025 versus an approved peer group.
  • F2: The 1,929-share disposition represents withholding of shares to satisfy tax withholding on the vested RSUs.

Context

• This was the vesting of performance RSUs, not an open-market buy or sell. The withholding of shares for taxes is a common, routine step and does not necessarily indicate insider sentiment. The transaction is a grant/vesting event (A) with a routine tax-related disposition (F).