MACHUCA LUIS 4

What Happened

• Luis Machuca, a director of Columbia Banking System, was credited with 563 deferred/phantom shares on 2026-06-15. The grant is recorded at $31.78 per share for a total value of $17,892. This transaction is reported as an award/acquisition (derivative), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-06-15, 563 shares @ $31.78 each (total $17,892).
• Transaction type/code: Award/acquisition (derivative instrument).
• Shares owned after transaction: Not specified in the filing.
• Footnote: The phantom stock was accrued under the registrant’s deferred compensation plan and will be settled in accordance with the plan after the reporting person ceases service as a director.
• Filing timeliness: Report filed 2026-06-16 for a 2026-06-15 transaction; appears to be filed promptly.

Context

• This was a deferred compensation award (phantom stock). Such grants typically represent future pay entitlement and are settled per plan terms (often in stock or cash) after service ends — they are different from immediate open-market buys and do not necessarily reflect the director buying/selling shares now.