LUTHER RICHELLE T 4

What Happened
Richelle T. Luther, EVP / CAO / General Counsel of Columbia Sportswear Co. (COLM), had restricted stock units convert to common stock on February 2, 2026. A total of 1,180 RSUs converted into shares; 453 of those shares were withheld by the company to satisfy tax withholding obligations (valued at $25,064 based on $55.33/share), leaving a net 727 shares issued to Luther. This was an award/vesting event rather than an open-market purchase or voluntary sale.

Key Details

• Transaction date: February 2, 2026; Form 4 filed February 4, 2026 (timely filing).
• Conversion/derivative entries: 571 and 609 RSU conversions reported (total 1,180).
• Tax withholding: 453 shares withheld at $55.33 each for $25,064 (reported as payment of tax liability).
• Net shares delivered to insider (based on filing data): 1,180 − 453 = 727 shares.
• Shares owned after the transaction: not specified in the provided filing data.
• Footnotes: RSUs convert one-for-one to common stock; withholding was used to satisfy tax obligations; the underlying grants vest 25% annually per the cited grant schedules.

Context
This was a routine vesting/settlement of restricted stock units with net-share withholding to cover taxes (similar to a cashless/net settlement), not a market sale or purchase. For retail investors, RSU vesting primarily reflects compensation delivery and does not necessarily indicate a change in the insider’s view of the company.