Merrywell Christopher 4

What Happened

• Christopher Merrywell, Senior Executive Vice President of Columbia Banking System, received a grant of 16,645 restricted stock units (RSUs) on 2026-02-18. The grant is reported as a derivative award with a per-share grant value of $31.24, totaling approximately $519,990. This is a compensation award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-02-18; reported filing date: 2026-02-20 (filed within the normal Form 4 window).
• Grant details: 16,645 RSUs at $31.24 per share; total grant value ≈ $519,990.
• Vesting: RSUs vest 33.33% per year over three years (footnote).
• Shares owned after the transaction: not specified in the information provided.
• Transaction code: A (award/grant); reported as a derivative instrument (will convert to shares as vested).

Context

• RSU grants are compensation and typically vest over time; they do not represent an immediate open-market purchase and are not a direct signal of near-term trading intent. Once vested, RSUs convert to shares and may be subject to company withholding for taxes.