LUTHER RICHELLE T 4

What Happened

• Richelle T. Luther, EVP, CAO and General Counsel of Columbia Sportswear (COLM), received equity awards on Feb 27, 2026 and had restricted stock units convert to common shares in late Feb/early Mar 2026. The filing shows a grant of a stock option covering 12,667 shares and a grant of 5,723 restricted stock units (RSUs) on Feb 27, 2026. On Mar 2, 2026 a total of 753 derivative shares (reported as 375 and 378) were converted/issued; 245 of those shares were withheld by the issuer to satisfy tax withholding at $60.18 per share, yielding $14,744 withheld. The conversions and withholding are reported as derivative/RSU activity rather than open-market sales.

Key Details

• Transaction dates: Grants on Feb 27, 2026; RSU conversion/derivative activity on Mar 2, 2026 (report filed Mar 3, 2026).
• Grants: 12,667-share option grant (exercise schedule: becomes exercisable 12.5% on each of the first eight six‑month anniversaries) and 5,723 RSUs (vests 12.5% every six months beginning Sept 1, 2026).
• Conversion/withholding: 753 RSUs converted on Mar 2; 245 shares were withheld for taxes at $60.18/share for $14,744 (reported as disposed under tax withholding).
• Prices reported: withholding executed at $60.18/share (total $14,744). Grants reported at $0.00 per share (typical for RSU/options reporting).
• Shares owned after transaction: not disclosed in this filing.
• Filing timeliness: Reported Mar 3 for activity through Mar 2; no late-filing flag indicated.

Context

• The RSU conversions are routine vesting/issuance events; withholding of shares to cover taxes is normal and does not necessarily indicate a market sale beyond tax obligations.
• The 12,667-share option is a new grant with multi-period vesting (12.5% increments every six months over eight periods); these are not shown as exercised here.
• For retail investors: awards and routine vesting are common forms of compensation for executives and do not by themselves imply a view on the company’s near-term prospects.