Kulok Lisa 4

What Happened

• Lisa Kulok, EVP and COO of Columbia Sportswear (COLM), had restricted stock units (RSUs) convert into common stock on Feb 2, 2026. A total of 589 shares converted (270 + 319).
• To satisfy tax withholding obligations, 235 of those shares were withheld by the issuer at a per-share value of $55.33, totaling $13,003. The remaining net shares delivered to Kulok were 354 shares (589 converted minus 235 withheld).
• This was not an open-market sale but a routine vesting/conversion and tax-withholding event.

Key Details

• Transaction date: 2026-02-02; Form 4 filed: 2026-02-04 (appears timely).
• Conversion details: 270 and 319 RSUs converted (reported as derivative conversion, code M).
• Tax withholding: 235 shares withheld (code F) at $55.33/share = $13,003.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: RSUs convert one-for-one to common stock (F1); shares were withheld to satisfy tax obligations (F2). Grant vesting schedules referenced for prior RSU grants (F3, F4).

Context

• This was a vesting/conversion of restricted stock units, not a cash purchase or an open-market sale. The withholding of shares to cover taxes is a common, routine administrative action and does not necessarily indicate a change in insider sentiment.
• For clarity: code M indicates exercise/conversion of a derivative (here, RSUs converting to shares); code F denotes shares withheld to pay tax liability.