Swanson Jim A 4

What Happened
Jim A. Swanson, EVP & Chief Financial Officer of Columbia Sportswear (COLM), had derivative awards convert to common shares and received new equity grants. On March 2, 2026, 2,715 derivative units (1,346 + 1,369) converted to shares; 882 of those shares were withheld to satisfy tax withholding obligations at $60.18/share (value withheld = $53,079), leaving a net delivery of 1,833 shares to Swanson. On February 27, 2026, Swanson was also granted a 19,123-share option award (derivative) and 8,640 restricted stock units (RSUs).

Key Details

• Transaction dates: grants on Feb 27, 2026; conversions/vesting and withholding on Mar 2, 2026; Form 4 filed Mar 3, 2026. Filing does not indicate tardiness.
• Converted/issued: 2,715 shares (1,346 + 1,369) from derivative conversion/vesting.
• Tax withholding: 882 shares withheld at $60.18 = $53,079 (reported as tax payment/disposition).
• Net shares delivered to insider: 1,833 (2,715 converted − 882 withheld).
• Grants: 19,123-share option award (vests/exercisable 25% each year over four years per footnote) and 8,640 RSUs (vest 25% annually beginning Mar 1, 2027).
• Footnotes: RSUs convert one-for-one to common stock; withheld shares were used to satisfy tax obligations on vesting (i.e., not an open-market sale).
• Shares owned after transaction: not specified in the provided filing summary.

Context

• The conversions appear to be vesting/settlement of restricted/derivative awards, with shares withheld to cover taxes (a common administrative step), not an open-market sale.
• The 19,123-share award is an option grant with multi-year vesting (25% each anniversary); the 8,640 RSUs have annual vesting starting March 1, 2027.
• These entries are routine insider compensation and tax-withholding mechanics; they do not by themselves indicate the insider is buying or selling stock on the open market.