Zanon Craig 4

What Happened

• Craig Zanon, EVP Emergent Brands / EMEA & Asia Director at Columbia Sportswear (COLM), exercised/converted derivative awards and received new equity grants. On Mar 2, 2026 he converted/ exercised 1,280 derivative shares (641 + 639). Concurrently, 417 shares were withheld by the issuer to cover tax withholding at $60.18 per share, totaling $25,095. On Feb 27, 2026 he was granted an option for 9,500 shares and 4,292 restricted stock units (RSUs).

Key Details

• Transaction dates: Grants on 2026-02-27; derivative exercises/conversions and tax-withholding on 2026-03-02. Form filed 2026-03-03 (timely).
• Tax withholding: 417 shares withheld at $60.18 each = $25,095 (reported as a disposition under code F).
• Derivative activity: 641 and 639 shares reported as exercised/converted (transaction code M); corresponding disposition lines show $0 (conversion to common stock).
• Net shares received (simple math from reported lines): 1,280 exercised − 417 withheld = 863 net newly issued shares to Zanon.
• Shares owned after transaction: not specified in the filing.
• Relevant footnotes: RSUs convert 1-for-1 to common stock; withheld shares satisfy tax obligations; the 9,500-option vests 25% annually beginning Feb 27, 2027; the 4,292 RSUs vest 25% annually beginning Mar 1, 2027. Other RSU vesting schedules are noted in the filing.

Context

• This was an exercise/conversion of derivative awards plus new grants (option + RSUs). The withholding of shares to cover taxes is a routine, non‑market sale (net share settlement), not an open-market sale. Grants with multi-year vesting schedules indicate future vesting rather than immediate market purchases. The filing appears timely (filed within required window).