Kulok Lisa 4

What Happened

• Lisa Kulok, EVP & COO of Columbia Sportswear (COLM), had several equity-related transactions at the end of February/early March 2026. On Feb 27, 2026 she was granted derivative awards totaling 14,891 shares (10,257 option-format award + 4,634 restricted stock units). On Mar 2, 2026 she converted/ exercised 737 derivative shares (369 + 368). As part of the conversion, 255 shares were withheld to cover tax withholding, generating $15,346 in withholding at $60.18 per share. The conversions did not reflect an open‑market sale (no cash proceeds reported).

Key Details

• Transaction dates: awards granted Feb 27, 2026; conversions and tax withholding on Mar 2, 2026. Filing date: Mar 3, 2026 (appears timely).
• Grants: 10,257-share option-format award (F3) and 4,634 RSUs (F4) were reported as acquired on Feb 27, 2026 — total 14,891 derivative shares granted.
• Conversions: 369 and 368 derivative shares converted on Mar 2, 2026 (total 737). 255 shares were withheld to satisfy tax withholding (priced at $60.18 each; $15,346 total).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: RSUs convert 1-for-1 to common stock.
  • F2: Shares were withheld by the issuer to satisfy tax obligations.
  • F3–F6: Vesting schedules — the 10,257 option grant vests 12.5% every six months over 4 years; the RSU grants also vest in 12.5% six‑month increments per footnotes.

Context

• These transactions are primarily grants and conversions (derivative activity), not open-market purchases or sales. The conversions were not reported as cash sales — rather, derivative awards converted to common stock and some converted shares were withheld to cover taxes (a routine administration step).
• The 10,257-share award is an option-format grant with staged vesting (not fully exercisable immediately); the RSU grants vest over time. Such award/vesting activity is common for executives and does not by itself indicate a buy or sell sentiment.